September 30, 2022

Bengaluru: Paytm Cash, considered one of India’s largest on-line platforms for mutual fund (MF) investments, on Friday introduced a brand new providing which permits customers to subscribe to NFOs (New Fund Presents) of mutual funds. With this, the platform will permit investments in NFOs from all 40 AMCs in India.

“Paytm Cash has continued to give attention to digitising and making investing seamless and near-real time since its launch; this contains quickest day by day portfolio updates, flexibility to handle SIPs, real-time transactions processing thereby eliminating cut-off occasions, portfolio top-up and extra.

“Because of this, the corporate has been witnessing rising adoption from current mutual fund buyers over the previous few months. The platform has been regularly enhancing its consumer expertise to cater to the necessities of such buyers and NFO subscriptions is the primary of many such deliberate choices,” a Paytm Cash assertion stated.

Noting that buyers, over a interval get aligned with the funding philosophies of explicit AMCs or Fund Managers, the corporate’s whole-time director Pravin Jadhav stated: “NFO subscriptions on Paytm Cash will deliver ease of beginning a protracted funding relationship for such customers from day zero.”

Inside a yr of its launch, Paytm Cash, the wholly owned subsidiary of One97 Communications that owns and operates Paytm, has been capable of develop to a consumer base of over 3 million with its give attention to simplifying the funding expertise.

“The mutual fund trade is anticipated to develop exponentially and double its measurement inside the subsequent 4-5 years. We anticipate just a few new AMCs might be launched and likewise current small / mid-sized AMCs to supply new distinctive scheme choices to fill the market gaps. Our NFO providing in the present day on Paytm Cash is a mirrored image of our constructive outlook in the direction of the trade,” Jadhav added.

Beginning instantly, Paytm Cash customers can flick through all introduced NFOs and might opt-in to get notified when NFOs are open for subscription.

This story has been revealed from a wire company feed with out modifications to the textual content. Solely the headline has been modified.

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