Paytm Money App | Mutual Funds Platform

Digital Payments Company Paytm has launched “Paytm Money” App for mutual fund investments on September 4, 2018. Paytm Money App will allow you to buy and sell mutual funds and manage your portfolio from a mobile phone. Paytm Money App is offering systematic investment plans (SIPs), for as low as Rs.100 per month in some of the schemes. It has registered with SEBI (Securities Exchange Board of India) as an Investment Adviser and partnered with 25 asset management companies to offer direct plans of mutual fund schemes.

Features and Benefits of Paytm Money App

1. Paytm Money offers investments in direct plans of mutual fund schemes.

2. Open your investment account at zero fees.

3. The app does not charge any commission or advisory fee.

4. Choose schemes from leading 25+ AMCs covering 90%+ industry AUM.

5. You can view insights, statements and track performance anytime for free.

6. Experience fully digital KYC, payments, investment and tracking on the app.

7. Find mutual fund schemes rated by leading research agencies like Morningstar, CRISIL and Value Research.

8. You can view funds by highest returns in their respective categories.

9. Know your fund managers and also track the performance of schemes managed by them.

10. Find mutual fund schemes that start with as little as Rs. 100.

11. You can invest in liquid funds for better returns and withdraw 90% of investment (max Rs. 50,000) daily.

12. You will find detailed mutual fund information via this app.

13. There is no fee for buying or selling of mutual funds.

14. Enjoy the flexibility of investing from up to 5 bank accounts.

15. Be notified about your money at every stage of investment and withdrawal process.

Safety and Security of your Investments

1. Login to your Paytm Money investment account is secured with 2-factor authentication with Paytm credentials.

2. You can add additional security with fingerprint and pin-based locks on your Apple and Android smartphones.

3. Your money moves directly from your bank account to mutual fund companies and back.

4. Bank-level security protects your sensitive personal details from unauthorized access & use of your information.

Available Payment Options for Investing via Paytm Money App

1. Net Banking - All major banks supported

2. Auto-Pay with eMandates – More than 140 banks supported

3. Auto-Pay with Physical Mandates – More than 190 banks supported

4. Pay through UPI – Payment through UPI option is coming soon.

Where to get Paytm Money App

Android users can download the Paytm Money App from Googe Play store and iOS users can download the Paytm Money App from the App Store. Install this app on your gadget and start investing in mutual funds.

How to start investments using Paytm Money App?

You can start with your investments in the following simple steps. 

1. Download and install the app.

2. Open the app and log in to Paytm Money account with your Paytm registered mobile number or email ID and password. Here you need to accept “Terms and Conditions” and “Privacy Policy” of the app.

3. Next page, click on “Apply For Access” tab to register for access.

4. It will show you a message as “You are on waitlist”. With over more than 901k registered users at the time of writing this post.

5. Once you are allowed access. Add a few details and become investment ready.

6. Enter your PAN number and check your KYC status. Share a few more details and become investment ready within minutes. Fully digital KYC approved within minutes.

7. Search mutual fund schemes by ratings, ideas, fund managers, AMCs and make your first investment.

Fund Houses on board with Paytm Money

Paytm Money partnered with 25 leading AMCs (Asset Management Companies) in India to offer direct plans of mutual fund schemes. This includes the following AMCs:

1. Aditya Birla Sun Life Mutual Fund

2. Axis Mutual Fund
3. Baroda Pioneer Mutual Fund
4. Canara Robeco Mutual Fund
5. DHFL Pramerica Mutual Fund
6. DSP Mutual Fund
7. Edelweiss Mutual Fund
8. HDFC Mutual Fund
9. HSBC Mutual Fund
10. ICICI Prudential Mutual Fund
11. IDFC Mutual Fund
12. Indiabulls Mutual Fund
13. Invesco Mutual Fund
14. Kotak Mahindra Mutual Fund
15. L&T Mutual Fund
16. LIC Mutual Fund
17. Mirae Asset Mutual Fund
18. Motilal Oswal Mutual Fund
19. Principal Mutual Fund
20. Quantum Mutual Fund
21. Reliance Mutual Fund
22. SBI Mutual Fund
23. Tata Mutual Fund
24. Taurus Mutual Fund
25. UTI Mutual Fund

Also read: Paytm Payments Bank - All you need to know.

Also read: Airtel Payments Bank

Also read: Benefits of SIP | Advantages of SIP

Also read: Direct mutual funds platforms in India to invest online

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Paytm Money App: Mutual Funds Platform