Paytm Money: the new trading platform by Paytm

Paytm recently started its broking division to provide its clients with inexpensive broking services. One of the biggest investment platforms in India, Paytm Money, has over 6,02,988 active users as of September 2022. Paytm Money has introduced ground-breaking goods and has become one of the fastest-growing broking companies in this market in a relatively short period. 

Paytm Money provides free equity delivery trading along with competitive trading fees. With no fees for investing in or redeeming mutual funds, Paytm Money offers Free Mutual Fund services. Paytm Money Limited has been registered as a SEBI-registered Investment Adviser (IA). It aims to provide exclusive investment execution & advisory services to its users. 

It provides a seamless investment journey thanks to its streamlined user interface, which also offers seamless digital Know Your Customer (KYC), automated payments, an updated portfolio, and strong insights to help you make well-informed investment choices.

An overview of Paytm Money

Paytm Money Limited, also referred to as Paytm Money, is a discount brokerage company based in Bengaluru that was established in 2017. The largest and most well-known digital products and mobile platform in India, One97 Communications Ltd., which also owns the Paytm brand, is the parent company of Paytm Money. The corporation is a member of NSE, BSE, and CDSL as a depository participant and member, approved by RBI. 

Paytm Money was founded as a platform for direct mutual fund investments. If you frequently trade or are looking forward to trading in cash and stocks, ETFs, derivatives, and other exchange-traded commodities, then you can get the advantage of amazing discounts and offers from Paytm Money Securities on its platforms.

What makes Paytm money the best option for you?

• Awesome investment payment choices, where traders may make payments with only one tap and receive flawless investment options.
   
• Permissible support for online banking is available from the majority of institutions nationwide.
   
• Physically mandated auto payments are supported by more than 190 banks with Paytm Money.
   
• The procedure of opening an account is fairly simple and quick, and it was completed in a single day.
   
• Only the broker’s website and mobile app are used for business (Android & IOS) and multiple platforms do not make trading more difficult.
   
• Additionally, Paytm Money features a sizable blog section that offers its users educational content for making intelligent trading decisions. 
   
• Paytm Money’s two-factor authentication method protects your personal information.
   
• Paytm Money offers the lowest brokerage fees for customers among top-tier brokers, at Rs 10 per trade for intraday trading and F&O.
   
• Paytm Money offers mutual fund investment advisory services and features an internal brokerage calculator.
   
• Their Trade Book, P&L, Tax P&L, and Ledger Statements are straightforward to comprehend.
   
• Option Chain, Heatmap, Greeks, FII/ DII, Global Index, Market Movers, and OI Analysis are just a few of the future features in the F&O dashboard.

Some of the Important Features of Paytm Money that you mustn’t miss!

• Trading with free equity delivery.
• Direct mutual funds with no commissions.
• The maximum brokerage fee per transaction is Rs 15.
• There are no maintenance fees.
• The account creation process is entirely online.
• Feature to convert external direct mutual funds from normal mutual funds.
• In addition to stocks and mutual funds, it offers to invest in digital gold, ETFs, IPOs, F&O, and NPS retirement plans.

Conclusion:

Paytm Money has established itself as a qualified investment advisor, that provides both advisory and execution services for investments. They offer a broad selection of mutual funds and other assets, along with a thorough tracking system that would make it easier for you to evaluate your investments. Additionally, there are no additional fees in any of the asset classes. This makes it the best choice for you among the vast choices of online trading platforms.