Lot of users have done averaging and bought when the market was down, says CEO, foresees less flow of new funds in December 2021 and January 2022
Given the offer's aggressive pricing and the fact that One97 Communications, the parent company of Paytm, still remains a loss-making entity, most analysts had expected a sub-par listing
Curated ETFs are based on themes like high dividend-yielding stocks, consumer goods stocks or stocks to benefit from make-in-India theme. They've become popularity amid a bull run in the market
Paytm Money, is launching a wealth and investment advisory marketplace on its platform to offer curated advisory services and products to retail investors.
Average investment per user on Paytm Money is over Rs 70,000, with over 64% investing in mutual funds, 28% in equity, and the rest in digital gold
Paytm Money recorded an average investment of over Rs 70,000 per Demat account holder in FY21, with millennials leading the segment, according to an annual report data published in a Paytm blog.
Paytm continues to have market leadership by transaction volume
Zomato's Rs 9,375-crore IPO has seen a new set of investors coming into the capital market and there is a visible shift in consumer behaviour, a senior official of Paytm Money said on Thursday.
Ease of access, innovative analytical tools and lower investing cost helping them score over traditional players
Zomato IPO sees retail portion subscribed by over 200% within the first two hours of opening
Paytm Money is the first digital broker in India to offer this functionality, and expects this to significantly increase the participation of retail users in IPOs via its platform
Company clocked over 20 million annual direct mutual funds transactions with assets under management of over Rs 5,000 crore, says Varun Sridhar
Young investors are the target audience for most of the new-age start-ups offering MF and other investments.
India's homegrown digital financial services platform Paytm on Thursday announced that its wholly-owned subsidiary Paytm Money has opened Futures & Options trading for all. It aims to empower the masses with F&O trading as an important wealth management product.
Paytm Money, a wholly-owned subsidiary of fintech major Paytm, on Wednesday said it will provide Futures & Options trading (F&O) on its platform as it eyes facilitating daily turnover of Rs 1.5 lakh crore in next 18-24 months. The platform - which also offers services around stocks, direct mutual funds, ETF, IPO, NPS, and digital gold - is focussed on bringing "wealth services to 100 million Indians," Paytm founder and CEO Vijay Shekhar Sharma said during the online launch of the F&O trading service. "We are on a mission to bring wealth services to 100 million Indians and this launch will provide further acceleration. This product has been made keeping in mind the mobile-first experience and we believe that presenting simple, low price products can help make deep inroads into smaller towns and cities," he added. Given the limited penetration of stock investments in the country, Paytm sees a high growth trajectory for its stocks broking offering, similar to its mutual fund .
The service offers an interface to make changes, cancel or resend the bidding application within the IPO window.
Fintech major Paytm said its wholly-owned subsidiary Paytm Money will now facilitate investments in Initial Public Offers
Fintech major Paytm on Monday said its wholly-owned subsidiary Paytm Money has launched Exchange-Traded Funds (ETFs) on its platform after approval from the Securities and Exchange Board of India
Paytm's wholly-owned subsidiary Paytm Money on Monday said it aims to onboard over 1 million investors this fiscal for its stockbroking services
The company has already registered 220,000 investors, of which 65 per cent are in the age group of 18 to 30 years