New Delhi: Paytm Money, a subsidiary of Fintech company Paytm, has launched exchange traded funds (ETFs) on its platform. Exchange-traded funds (ETFs) have been launched on its platform after approval from market regulator SEBI. An ETF is a collection of securities that people can buy or sell on the stock exchange through a brokerage firm.
According to Paytm Money CEO Varun Sridhar, ETFs are investments that everyone should include in their portfolios to achieve market-linked returns at a low cost. We are offering a user friendly interface with the necessary factors, which a user may need to invest conveniently in the ETF of his choice.
Can start with just 16 rupees
The company hopes to invest 1 lakh users in ETFs in the next 12-18 months through Paytm Money. This is also the company’s goal. Paytm Money knows that ETFs are an essential part of an investor’s portfolio. All investors should invest in it. Paytm Money says that keeping in mind new investors, it has tried to make it easy and convenient. Through Paytm Money, investors can start ETF investment with a lower amount like Rs 16 in equity, Rs 44 in gold and Rs 120 in Nifty.
What are the features of Paytm Money ETF
There are 69 types of ETFs in the index, gold, equity and debt categories in India. According to Paytm Money, the interactive interface of its platform helps an investor track price changes in selected ETFs. Also the user can set a price alert. The live price of ETF on Paytm Money keeps updating. The investor can place a cell order in the open market hour and get the money directly in his bank account.