Through Paytm Money, investors will be able to start ETF investment with a low amount like Rs 16 in equity, Rs 44 in gold and Rs 120 in Nifty.
It was started after the approval of SEBI, the company is aiming to invest 1 lakh users in ETFs in the next 12-18 months.
Paytm Money (Paytm Money), a subsidiary owned by Paytm, has launched Exchange Traded Funds (ETFs) on its platform. It was launched after getting approval from SEBI. Through Paytm Money, investors will be able to start ETF investment with a lower amount like Rs 16 in equity, Rs 44 in gold and Rs 120 in Nifty.
Target to invest 1 lakh users in 12-18 months
Paytm Money CEO Varun Sridhar said in a statement that the company is aiming to invest 1 lakh users in ETFs in the next 12-18 months through Paytm Money. Paytm Money believes that ETFs are an essential part of an investor’s portfolio and all Indians should invest in it. Paytm Money has tried to make it convenient for new investors.
Many facilities will be available
There are 69 types of ETFs in India in the index, gold, equity and debt categories. Paytm Money said in a statement that its platform’s interactive interface helps investors track price changes in selected ETFs. In this, the user can also set a price alert. The live price of ETF on Paytm Money keeps updating. The investor can place a cell order during the open market and take the money directly into his bank account.
What is the ETF?
An exchange-traded fund (ETF) is an index fund. ETFs invest in a set of shares. These are like mutual funds. However, the major difference between the two is that ETFs can only be bought or sold from the stock exchange. The way you buy shares. In the same way, you can also buy ETF during the trading hours of the exchange. The ETF started in the country from December 2001.