Paytm is one the most common mobile app that serves as a digital wallet and is primarily used for payments and recharges. You can buy stocks and mutual funds with Paytm Money. To access the ‘Stocks and IPO’ section, launch the Paytm app and tap the “All Services” icon. When you select “Mutual Funds,” a browser or the Paytm Money app will open.
If you are an investor, Paytm Money provides fund schemes that have been rated by reputable organisations, allowing you to compare fund performance and portfolio insights. It has a straightforward account opening process and a few free, completely transparent investment plans.
Learn how to invest online with Paytm in 6 easy steps:
Step 1. Download and install the ‘Paytm Money’ app.
Step 2: Enter your Paytm credentials.
Step 3: Enter the OTP sent to your registered mobile phone by Paytm.
Step 4: Invest in mutual funds, stocks, NPS, and look into ‘Future Options’ there. You can also get instructions on how to use WealthBasket to build a profitable stock and ETF portfolio.
Step 5: To find direct mutual funds to invest in, navigate to the “Mutual Funds” section. You can search for funds based on top ratings, fund categories, asset management companies, fund managers, and so on. You can also look into investment ideas to help you choose a fund.
Step 6: All fund schemes include detailed information for investors to compare, such as NAV, fund managers, returns, and other funds in the same category. You have access to the scheme documentation, fund information, and AMC information, as well as detailed and summary asset allocation information. Before investing, you should also look at the riskometer and the minimum SIP amount.