Bengaluru: Paytm Money - India's largest online platform for mutual fund investments and the wholly owned subsidiary of One97 Communications Limited that owns and operates Paytm, today announced the launch of its a web and mobile web version of its investment platform to assist users with the discovery and research of mutual funds while simplifying investments.
Paytm Money serves over 1 million users every month on its web platform and this new service is aimed towards catering to the needs of investment research and discovery of Mutual Funds users. Users shall continue to invest via the Android and iOS apps of Paytm Money for now and the company aims to introduce the ability to invest through web platform soon.
Paytm Money is known for providing the most comprehensive data about mutual funds to its users, which includes details of all schemes, latest NAVs, fund manager profiles, riskometers, benchmarks, portfolio holdings, sector exposure, scheme exit loads, ratings and more such information to help users take an informed investment decision. With the recent launch, the company has extended all this information for the convenience of its users on web and mobile web platform.
“Many of our users had requested for availability of Paytm Money on web and mobile web platforms for research and discovery of mutual funds, this launch is aimed towards serving our investors on platforms of their choice. In the next phase, we also plan to introduce ability to invest, manage investments and portfolio and advisory products as well on web.” said Pravin Jadhav, whole-time Director of Paytm Money.
In addition to discovery, the company has also extended popular features like search, best rated mutual funds, AMC and fund manager discovery through the web platform.
Within a few months of launch, Paytm Money has witnessed over 1 million users making it the largest commission-free platform for mutual fund investments in India. Recently, they announced that they have received SEBI approval for stock broking. The company is fast innovating its offerings with introduction of advisory recommended investment packs - a curated portfolio of mutual funds, based on the research conducted by their in-house advisory team. They have also launched a single flow for faster payment of multiple SIPs on same day.