Tag: Varun Sridhar

Business

Paytm Money gives HNIs in Maharashtra ₹5 lakh limit for IPOs through UPI; offers free demat accounts to new investors

May 2, 2022 by Rekha Nair 0 Comments #CEO, #Paytm Money, #Varun Sridhar

Mumbai- May 2022: One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading digital payments and financial services company, today shared that its wholly-owned subsidiary Paytm Money Limited (PML) is enabling high networth individuals (HNI) in Maharashtra to place higher bids of upto ₹5 lakh for Initial Public Offerings (IPOs) effortlessly through UPI. The platform is growing organically, with the lowest prices in the country, as it charges zero fees for delivery, ₹10 for intraday trades and ₹10 for F&O orders.

To enable new retail investors to start their wealth management journey, Paytm Money is also offering free demat accounts for lifetime to all. Paytm Money was the first platform to offer pre-open IPO applications and it is also available for LIC IPO.

Varun Sridhar, CEO, Paytm Money, said, “We are the super app of wealth management, giving users the power of investing. The addition of the HNI investor category will allow retail investors in Maharashtra to place higher IPO bids through NPCI UPI in a convenient and seamless manner. This new service has been launched in view of the growing appetite for high-value IPOs among Indian investors and comes at an ideal time, right ahead of the much-awaited LIC IPO. 

He further added, “We have seen immense growth on the platform organically in such a short period of time. Our aim is to enable new investors in their wealth management journey and so ahead of LIC IPO, we are offering free demat accounts for lifetime.” 

The platform has achieved a rapid growth rate organically with over 8.5 lakh trading accounts along with 9 million registered direct Mutual Fund investors. Over 75% of users on the platform are below the age of 35. Paytm Money has a total AUM of ₹11,000 crore, with an average daily turnover of over ₹70,000 crore. In the last one year, the platform has processed over 16.2 million mutual funds transactions and over 31 million equity orders. The platform is also among India’s Top 3 digital distributors of NPS on fintech apps with 1L+ registered users. The Paytm Wealth Community has over 1.3 lakh unique users, has hosted 390 Live Events which have made way for 3,000 Hours of content viewed. In the last year, most popular IPOs on the platform were Zomato, Glenmark Lifesciences, Paytm while the top stocks held by the users were Tata Motors, Tata Power, ITC.

Steps to apply for LIC IPO through Paytm Money:

● Go to the IPO section on Paytm Money’s home screen.

● Select the investor type as per preference. Individuals who are looking to place bids upto Rs 5 lakh can do so by opting for the HNI category. Allotment in HNI investor type will be done proportionately on the basis of subscription numbers in this category for IPO.

● If you are a policyholder, on the IPO details page, under the ‘Investor Type’ select Policyholders. Additionally, your PAN should be linked to LIC policy and this PAN should be the same as the one linked to Paytm Money’s demat account. If you meet these criteria, you can choose the policyholder option.

● The LIC IPO option will be available in the ‘Current & Upcoming’ tab within IPOs.

● Once you click on the option you will see the ‘Apply now’ button which will take you to the bid page. On this page, you can update the price and quantity for your application.

● In the ‘Add UPI Details’ section, update your UPI ID and click on ‘Apply’.’

● Once the allotment happens, you would be notified about your allotment status.

Optimum Way to Apply for LIC IPO on Paytm Money across different categories
Application amount upto 2 Lakhs 2 Lakhs 2 Lakhs 5 Lakhs
Discount Rs. 60 Rs. 45 Rs. 45 Rs. 0
Category Policyholder Employee Retail HNI
Individual upto 2 lakhs N N Y N
Individual upto 5 lakhs N N N Y
Policyholder upto 2 lakhs Y N N N
Policyholder upto 4 lakhs Y N Y N
Policyholder upto 7 lakhs Y N N Y
Employee + Policyholder upto 6 lakhs Y Y Y N
Business

Paytm Money revolutionizes the way users invest and track markets; introduces India’s first intelligent messenger for investments

Jan 29, 2022 by Praveen 0 Comments #Akshaya Bhargava, #India’s first intelligent messenger for investments, #One97 Communications Limited, #Paytm Money, #Pops, #Varun Sridhar

One97 Communications Limited which owns the brand Paytm, India’s leading digital payments and financial services platform, today announced that its wholly-owned subsidiary Paytm Money has introduced India’s first intelligent messenger, revolutionizing the way users invest and track markets.

The company has launched ‘Pops’, with which users can receive specific information related to their stocks, analysis about their portfolio, market news, and important market movements in an easy to consume format, all in one place. The platform will also serve as a marketplace to offer sophisticated stock recommendations, news insights, and other services. Paytm Money is partnering with InvestorAi to offer stock recommendations based on signals generated using artificial intelligence. The company has also partnered with Daily Brief, which simplifies news by parsing through multiple sources and offering key takeaways.

Over the past couple of years, India has seen a sharp rise in investment activity with many new investors entering the market. While these investors seek to learn & track their investments, there is an abundance of sources providing news, analysis, charts, and other information. This often results in confusion about the investment process. Now, with Pops on the Paytm Money app, these investors can monitor their portfolios regularly and learn from the market movements with alerts curated for them.

Varun Sridhar, CEO, Paytm Money said, “We strive to give our users the best experience with innovative insights that helps them in their investment journey. With Pops, we are leveraging artificial intelligence to offer personalized information on investors portfolio and market movements at one place. We are pleased to partner with InvestorAi, to offer sophisticated stock recommendations and are confident that it will help investors make informed decisions.”

Akshaya Bhargava, Chairman and Founder at Bridgeweave said, “We believe in helping investors make better decisions through advanced algorithmic insights and cutting edge predictive artificial intelligence. Our ultimate aim is to close the investment information gap and deliver in-depth insights into the hands of every investor. We are on a wealth enablement journey to help improve financial wellness and our partnership with Paytm Money provides the distribution and delivery for us to reach a wide audience.”

Business World

Paytm Money launches AI powered ‘Voice Trading’, allows users to explore, buy, and sell securities on command

Nov 15, 2021 by Rekha Nair 0 Comments #CEO of Paytm Money, #Varun Sridhar

Mumbai: India’s leading digital ecosystem for consumers and merchants (1) Paytm today announced that its wholly-owned subsidiary Paytm Money has launched Voice Trading, that allows users to place a trade or get information about stocks via single voice command. This service has been launched in line with Paytm Money’s efforts to offer next-gen and AI-driven tech to elevate user experience.

In the age of digital trading, there are movements in a matter of seconds, and the speed of order placement and execution are of prime importance. From searching the stock, to entering specific price and quantity, means that users on average tap the screen multiple times per trade to get desired outcomes.

Paytm Money’s R&D team leveraged its experience in disruptive tech to specifically solve this problem with Voice Trading. The voice trading feature enables a single voice command, with the use of Neural Networks and Natural Language Processing (NLP) to allow instant processing. With the advent of 5G, smart devices and a hyper-connected world, the way we live and transact will change, voice-based transactions will slowly become mainstream and this is the first step to embrace the power of Video/Audio.

Varun Sridhar, CEO of Paytm Money said, ”At Paytm Money, our focus has always been to elevate user experience and be the first to leverage technology to make investing faster, cheaper and easier. With a mobile-first and interconnected world of devices and the much-awaited launch of 5G, the Voice Trading feature enables users to skip the usual 5 to 6 step process of trade in a dynamic environment with simple voice commands. We believe that this will improve user experience over time and will bring more convenience to tech-savvy investors. We are doing a lot of R&D on newer technologies and this is one of the first products to be launched”

Voice Trading is currently being rolled out in Beta to select users and will be available to all users over the next weeks.

Disclaimer:

One97 Communications Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed the red herring prospectus (“RHP”) with the Registrar of Companies, National Capital Territory of Delhi and Haryana, at New Delhi. The RHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, and the websites of the stock exchange(s) at ww.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP when available. Potential investors should not rely on the DRHP for any investment decision.

(1) Source: Report titled “The Digital Transformation of Payments and Financial Services in India” dated July 15, 2021, prepared by RedSeer Management Consulting Private Limited.

Business, News

Paytm Money becomes the first Digital Brokerage Platform in India to offer Pre-Open IPO Applications

Jul 12, 2021 by Rekha Nair 0 Comments #CEO of Paytm Money, #Varun Sridhar

Paytm Money

Mumbai: Paytm Money, one of the leading digital brokerage platforms in the country, today announced the launch of an innovative feature which allows users to apply for IPOs before the actual IPO Opening in the markets. 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.

The conventional application process for IPOs was designed around timings, and till date, users are able to apply for an IPO only during select market hours over a window of 3 days. A large proportion of the investing community does not trade actively, and is likely to be busy during market hours, missing out on some of these IPOs. This is particularly true in case of millennials and young investors. The “Pre-IPO Open application” feature was specifically designed to make the lives of such users better.

A user can now place an IPO order 24×7 on days when the “pre-Open IPO Application” Feature is enabled. The order is recorded on Paytm Money’s system, and sent to the exchange for processing whenever the IPO opens. The user is notified of her application status throughout the journey, to ensure a seamless experience. Zomato is the first IPO on Paytm Money launched with this feature, and thousands of applicants on the platform have already placed their orders over the last 2 days.

There is also the issue of congestion in servers/networks experienced by some market participants during popular IPOs, driven by high demand during a short time span. As this feature gains traction, it might be possible to spread out the Pre-Open IPO Applications evenly during the market hours, reducing load on exchanges and payment gateways, and ensuring a better experience for broad market participants.

Varun Sridhar, CEO of Paytm Money said, “Interest in IPOs has surged over the last couple of months, and we have seen cases where users have missed out from applying because of issues like tight schedules during market hours, and demand led processing delays in the markets. We wanted to make the lives of our users easier and ensure that they don’t miss out on good opportunities.”

Paytm Money has also launched a set of other advanced features in a bid to offer the most comprehensive IPO application experience to its users. Users on Paytm Money can now complete IPO applications with a single click, apply via the shareholder category, and also track live IPO subscription numbers.

 

Business World

Paytm has launched India’s first Video-based Wealth Community.

Apr 26, 2021 by Neel Achary 0 Comments #CEO of Paytm Money, #Varun Sridhar

Mumbai, 26th April 2021: India’s homegrown digital financial services platform Paytm today announced that it has launched Paytm Wealth Community to revolutionize how Indians learn, discuss, and trade in the capital markets. Paytm Wealth Community is India’s first investing community based on Video and will enable users to attend live sessions conducted by subject matter experts across an array of wealth topics like Stocks, F&O, IPO, ETFs, Mutual Funds, Gold, Fixed Income, and Personal Finance. Users will be able to learn from experts, interact with them to clarify doubts, and also chat with other users on the platform to discuss various wealth-related topics.

The way today’s youth interact, learn, or transact, has evolved rapidly. The growth of apps and social media demonstrates the influence of social interaction and peers. While across all parts of life, digital communities and groups have grown, wealth management misses a reliable, trustworthy platform. Paytm Wealth Community fulfills this gap by launching a platform designed for the needs of the new Indian investor. The platform is very intuitive, offers live video content on an interactive chat platform, and creators are conducting 30 to 60 min sessions in multiple languages like Hindi, English, Gujarati, and others. In beta, a limited set of creators have been onboarded by Paytm. To ensure the safety of retail investors all creators go through a comprehensive KYC onboarding and all content is recorded/checked. Over time, users will be able to create custom discussion rooms, set up their creator accounts, and chat in a controlled environment. The product and technology roadmap is expected to completely transform the user experience.

The next 100mn capital market investors in India are expected to originate from social groups and investment communities. Paytm Wealth Community intends to be the leader in helping users save, invest & trade better, and will enable millions of users to consume video content like never before.

The Paytm Wealth community is owned and operated by OCL Ltd. (Paytm) and is initially being offered in beta mode on the Paytm Money platform. Paytm Money is one of the leading drivers of wealth creation in India and offers investment products like Stocks, IPO, F&O, ETF, Direct Mutual Funds, NPS, and Digital Gold. Paytm Money has made deep inroads into the country with 7mn+ customers across 99 percent of all Indian pin-codes, helping in democratizing wealth products & services.

Varun Sridhar, CEO of Paytm Money said, “Paytm Money was a natural choice for the Beta launch of Paytm Wealth Community, given our direct access to the broad investment community and reach across India. The Paytm team has implemented cutting-edge video & community technology ensuring the platform is seamless, and the user communication is safe and secure. We are very excited by the potential positive impact it will have on how users engage, learn and invest.”

Paytm Wealth Community also offers the unique opportunity for subject matter experts and experienced investors to become content creators, share their knowledge with millions of budding investors, and create a personal brand in the Indian Capital Markets. The company encourages anyone with a desire to share capital markets know-how, create a personal brand, and have a significant social impact to mail pwc@paytm.com for starting the registration process.

Users who have received access to the Paytm Wealth Community can explore the community calendar which lists out all upcoming sessions and their details on the Paytm Money app. Users can also share sessions with their friends, family, or followers on various social media platforms. Other interested users can download or update their Paytm Money app to the latest version and follow Paytm Money on social media platforms to get access to the live session links.

Paytm has achieved over 1.4 billion monthly transactions in March, led by the massive growth in offline payments and financial services. It is the only platform in the country that promotes all digital payments services including Paytm Wallet, UPI, Paytm Postpaid, cards & net banking & is aiming to enable 50 million merchants with IoT-based payment devices. Its wholly-owned subsidiary Paytm Money is India’s growth enabler for wealth products and is on a mission to bring 10 million Indians to equity markets by FY’22. The platform’s stockbroking offering is helping to bring in more active direct equity investors in an underpenetrated segment. It aims to open over 3.5 lakh demat accounts by year-end and expects 60% of users to be from small cities.

Business World

Paytm Money introduces Mirae Asset’s NYSE FANG+ ETF & MF to make investing in American Stocks easier, cheaper & more exciting

Apr 19, 2021 by Neel Achary 0 Comments #CEO of Paytm Money, #Varun Sridhar

Mumbai, April 19, 2021: India’s homegrown digital financial services platform Paytm, today announced that its wholly-owned subsidiary ‘Paytm Money’ is empowering the country’s retail investors with access to top tech stocks from the US in association with Mirae Asset’s NYSE FANG+ ETF. The country is already one of the largest markets for companies like Facebook, Amazon, Netflix, and Google (Alphabet) – FANG, and its importance will only rise over the next decade.

NYSE FANG+ Index is a focused index and includes the original FANG companies + 6 tech leaders in the global Markets – Apple, Alibaba, Baidu, Nvidia, Tesla, and Twitter. Most of these are household names for millions of Indians, and the NFO is expected to be a success, driven primarily by the impressive 102% return delivered by NYSE FANG+ Index over the last year. The underlying tech stocks like Tesla delivered 390% return, and Google (Alphabet) delivered 80% return during this period.

Along with the NYSE FANG+ ETF, Mirae Asset is also launching a mutual fund scheme (NYSE FANG+ ETF Fund of Fund) which will predominantly invest in NYSE FANG+ ETF. From an investor’s perspective, there are certain things to be considered before deciding on the right instrument. The table below clearly lays out these considerations:

ETF Direct MF

Regular MF
Expense Ratio

0.33%

 0.50%

1.00%
Fund Type

Passive | Open-ended

 Passive | Open-ended

Passive | Open-ended
Flexibility Higher Flexibility

Traded in the market throughout the day at real time prices.

 Lower Flexibility

Can only be bought or sold with the AMC. Transaction happens only once a day, and investors have limited control over the final price

 Lowest Flexibility

Can only be bought or sold with the AMC, via a distributor. Transaction happens only once a day, and investors have limited control over the final price
Minimum Investment (NFO)

Rs. 5,000

 Rs. 5,000

Rs. 5,000
Minimum Investment (Post NFO)

1 unit
(Less than Rs. 100)

 Lumpsum: Rs. 5,000
SIP: Rs. 5,000

Lumpsum: Rs. 5,000
SIP: Rs. 5,000
Investment Mode

Stock Trading Account

 AMC / Direct MF platforms

MF Distributor

Illustrative comparison of investing across all three modes with a 3-year holding period is shown below:

ETF

 Direct MF

Regular MF
Investment Amount

100,000

 100,000

100,000
CAGR

20%

 20%

20%
Expense Ratio

0.33%

 0.50%

1.00%
Total Expense

1,422

 2,151

4,284
Investment Value @
Year 3

171,378

 170,649

168,516
Return (Before Tax)

71,378

 70,649

68,516
LTCG Tax @20%

(Assuming – Indexation
@ 4% Inflation)

11,778

 11,633

11,206
Net Return (After tax)

59,600

 59,016

57,310

NYSE FANG+ ETF is the lowest cost alternative, followed by a direct mutual fund. ETF also offers the most amount of flexibility vs other alternatives, and for the majority of investors, NYSE FANG+ ETF should be the preferred route. For a small proportion of users who intend to invest a small sum and are unable to open a Demat account, the Direct MF route might be suitable. Regular MF turns out to be the most expensive because of the distributor commissions involved.

Paytm Money will enable its massive user base with the opportunity to bolster its portfolio and have international exposure. The company’s stockbroking initiative is helping bring in more active direct equity investors in the highly under-penetrated segment. It expects this to be one of the biggest drivers of wealth creation over the next decade. It has opened over 1.6 lakh Demat accounts, with over 50 percent of the users being from smaller cities & towns. Paytm Money Stocks aims to more than double the number of accounts to over 3.5 lakh by year-end. It hopes to provide all this to the users in the most cost-effective, reliable & secure manner to both new and experienced investors.

Varun Sridhar, CEO of Paytm Money said, “NYSE FANG+ index represents some of the most dominant tech players globally, and has delivered more than 40% CAGR over the last 3 years. The retail Indian investor today is increasingly looking to diversify beyond traditional funds and asset classes, and Mirae Asset’s NYSE FANG+ ETF is a very attractive proposition at an expense ratio of only 0.33%. We are expecting a lot of demand for this offering. ETF as a category has been very popular in the US markets for quite some time, and we are now seeing ETFs gain acceptance in India as well, with 27% of Paytm Money’s equity users already owning at least one ETF in their portfolio. ETFs are a great way to build long-term wealth, and we believe it will be one of the most important investment instruments for the next decade of investing in Indian capital markets”.

Business World

Paytm Money opens new Technology Development Centre in Pune, aims to expand the team to 250 engineers & data scientists

Apr 1, 2021 by Neel Achary 0 Comments #CEO - Paytm Money, #Varun Sridhar

Mumbai, 1st April 2021: India’s homegrown digital financial services platform Paytm, today announced that its wholly-owned subsidiary ‘Paytm Money’ has launched its Technology Development & Innovation Centre in Pune. It also plans to hire over 250 front-end, back-end engineers & data scientists to build new wealth products and services. Paytm Money’s success can be attributed to seamless, hassle-free technology, lower or no cost delivery of stocks & FNO trades, as well as the lowest commission in the industry for best-in-class brokers.

Paytm Money thrives to simplify investments and wealth creation for retail investors, and the new facility at Pune will focus on driving product innovation, specifically for equity, mutual funds, and digital gold. The company’s escalated focus on hiring stems from its commitment to delivering a superlative user experience on the back of robust operational competence, agile technology infrastructure & a team of diverse domain experts.

Varun Sridhar, CEO – Paytm Money said “We are very excited to launch our Pune tech R&D centre and looking forward to developing new wealth management products and disruptions in Pune. We continue our vision to leverage technology to lower costs for our consumers and provide a solid, innovative and stable platform. We need solid engineering talent to ensure we meet our ambitions. Pune is famous for its high-quality education and offers a great talent pool along with good infrastructure & great weather. We believe Pune is poised to become an innovation hub for fintech and was a natural choice for Paytm Money’s expansion plans.”

The company has launched a slew of new products and services aimed at empowering seasoned investors as well as new to investment users. It aims to achieve over 10 million users & 75 million yearly transactions in FY’21 with the majority of users from small cities and towns. It has become the largest platform for Digital Gold and is set to cross 6000 Kgs of Gold volumes. Its recently launched products including equity broking, IPO, ETF & FNO are encouraging new investment users to build a robust portfolio. To increase awareness around wealth products in the country it plans to educate over a million users about different services through education initiatives.

Business World

Paytm Money becomes India’s growth enabler for wealth products, aims at 10 million users & 75 million yearly transactions in FY’22

Mar 4, 2021 by Neel Achary 0 Comments #CEO - Paytm Money, #Varun Sridhar

Mumbai: India’s homegrown digital financial services platform Paytm, today announced that its wholly-owned subsidiary ‘Paytm Money’ is targeting over 10 million users and 75 million yearly transactions in FY’22. The company has become the leading driver of wealth creation in the country with over 50 percent ‘new to wealth services’ users availing investment products including Direct Mutual Funds, Stocks, IPO, F&O, ETF, NPS & Digital gold on the platform. By allowing small ticket investments and allowing trading at 10 INR per order, Paytm Money is encouraging the masses to start managing their wealth actively and in a safe environment, thus promoting financial inclusion.

The company has made deep inroads into the country & now has customers in 99 percent of all pin-codes helping in democratising wealth products & services. It has over 7 million users and has also achieved over Rs 5000 crore in Direct mutual funds investments. Paytm Money aims to register over 150 percent increase in monthly new SIP registrations and a 200% increase in Total Monthly Investment volumes over the next few months. By offering Direct mutual funds users save ~1% in commissions as compared to regular mutual funds and combined with a simple product and 40+ AMCs, investing has become simpler.

The company’s stockbroking initiative is helping to bring in more active direct equity investors in an underpenetrated segment. Paytm Money aims to open over 3.5 lakh by year-end and expects 60% of users to be from small cities. By building a simple platform for investors and traders, making delivery orders free and intraday/FNO at 10 INR per order and ensuring the technology behind is stable & solid, active management of users wealth has become easier. Paytm Money is also enabling wealth creation with investments in Initial Public Offers (IPOs). It has made the process of IPO application completely digital & simple for retail investors across the country to apply for IPOs.

The company aims to retain its top position in the market when it comes to digital gold and is set to cross 6,000 kgs of Gold transacted through the platform. Digital Gold has become an important part of the wealth portfolio as its safe, 24kt pure, easy to buy from 1INR to 1Cr and a user can take delivery of the physical gold. The company has more than 60mn investors in digital gold with many opting for Gold SIP as a regular saving option.

While over 35% of investors are less than 25 years, 80% of investors are less than the age of 35 years of age and 90% are less than 40 years.

Apart from this, the company strives to bring in financial inclusion by educating the masses through initiatives such as Masterclass. So far the response for ETF Masterclass and Foundation Masterclass has been overwhelming. More than 2000 people attended these Masterclasses where experts taught the basics of trading and explained the importance of ETFs to the investors. Paytm Money aims to enable over 1 million Indians to trade and invest in capital markets through its education initiatives.

Varun Sridhar, CEO – Paytm Money said, “We strongly believe that wealth management in the country need to be democratised, embraced, and adopted by all. Technology innovation and a stable product have allowed us to bring direct mutual fund & gold to everyone and offer equity delivery for free and all FN/intraday orders as low as Rs. 10. With our 360-degree approach to providing investment solutions, we have become the leading driver of wealth creation in the country. We are humbled by the trust young investors have shown in Paytm Money, by making it their primary platform for all investments. The next 18 months of innovation, launch of new products and providing a stable platform is going to be our goal. This is just the start.”

Regards,

Business World

Paytm Money Disrupts Futures & Options trading, with brokerage at Rs. 10 per order

Jan 14, 2021 by Neel Achary 0 Comments #CEO - Paytm Money, #Varun Sridhar

India’s homegrown digital financial services platform Paytm today announced that its wholly-owned subsidiary Paytm Money now provides Futures & Options trading (F&O) on its platform, along with its other offerings – Stocks, Direct Mutual Funds, ETF, IPO, NPS, and Digital Gold. The platform has launched this service with the most competitive brokerage at Rs. 10 for all F&O trades and the low pricing is without any commitments or packages or contracts. This is in line with its intraday charges of Rs.10, and free for delivery. The pricing disruption will benefit experienced as well as first-time traders to seamlessly trade in futures & options with a best in class product, on their mobile and in a secure environment.

Initially, the company is giving early access to a select user base on Android and Web to receive their feedback. Commercial roll out to all traders & iOS launch will be over the next few weeks. With the launch of F&O on its platform, Paytm Money is aiming at an overall daily turnover of Rs 1.5 lakh crore and 1 million trades a day in the next 18 to 24 months.

Paytm Money has ensured that while it provides for all the features required for a derivative trader, it does not complicate the user interface for a simple investor or a newbie trader which is unique in the industry. The charting provides over 180 studies & patterns usually tracked by the pro traders all in an easy to use interface on one’s mobile. The price alert feature allows traders to get real-time alerts on any FNO contracts. While Paytm Money provides for various calculators, traders can seamlessly check the required margin while placing an order for any contract. Searching for a contract or option on the platform is a breeze & no specific templates are required for the search or addition to watchlists. The dark & light modes across mobile & web platforms provide convenience to traders who are particular about the background colours & fonts. Tracking orders & execution from the Position page has been made very simplistic & engaging. The product hosted entirely on cloud and developed with Paytm’s well-known technology principles will ensure the platform is smooth, fast and can manage very large volumes – an important technology disruption in the wealth management space.

Vijay Shekhar Sharma, Founder & CEO said, “On the mission to bring wealth services to 100 million Indians, the launch of F&O will accelerate our path. This has been made keeping the mobile-first platform in mind. The simple to use low price product is meant to make deep inroads into smaller towns and cities.”

Varun Sridhar, CEO – Paytm Money said, “We are very happy to launch a best in class FNO platform with a super-fast experience, simple interface, built on the cloud to ensure stability, advanced charting & features to support high-frequency traders and most importantly making it simple for new traders to buy their first FNO contract. Our pricing of 10 INR flat per order without any contracts/commitments/conditions brings the overall cost of trading significantly lower and makes it super transparent. We are eagerly looking forward to bring thousands of new traders to the markets. With this, Paytm Money is taking one step further to become India’s most comprehensive & #1 digital wealth management platform.”

With more than 7 million users, Paytm Money has reached 98% of pin codes in India which truly defines that the app is made for Bharat. Almost 50% of Mutual Funds and Stocks investors on the platform are new to the market and more than 60% hail from tier II, tier III cities. More than 60 million people invest in Digital Gold on Paytm & Paytm Money. Given the limited penetration of stock investments in the country, the company sees a high growth trajectory for its stocks broking offering, similar to its Mutual Fund offerings.

Business World

Paytm Money launches IPO investments, empowers investors to participate in initial public offerings

Nov 30, 2020 by Neel Achary 0 Comments #CEO - Paytm Money, #Paytm Money, #Varun Sridhar

Mumbai: India’s homegrown digital financial services platform Paytm today announced that its wholly-owned subsidiary Paytm Money now facilitates investments in Initial Public Offers (IPOs) in India. This launch will benefit retail investors with wealth creation opportunities, as they will be able to seamlessly apply and join the growth story of rapidly expanding companies. The company has made the process of IPO application completely digital & simple for retail investors across the country to apply for IPOs. It will continue to innovate and add new tech-savvy features for enhanced user experience.

Paytm Money has enabled investors to instantly apply for all the latest IPOs via UPI ID, linked to their bank accounts to quickly complete the IPO application process. The company is leveraging the convenience of UPI infrastructure to offer a faster turnaround time reduced to 3-4 days for completion of the entire process.

The platform offers a seamless interface to make changes, cancel or reapply the bidding application within the IPO window. It is equipped with features enabling investors to track upcoming IPOs, view company history & details, download prospectus, and also check the performance of past IPOs. This service is available on both the Paytm Money app and website.

Varun Sridhar, CEO – Paytm Money said, “The Indian start-up ecosystem has a growing appetite for entering the capital market, now more companies want to raise capital from a broader set of investors with a public listing. Likewise, investors are also increasingly willing to diversify their portfolios. This presents a big opportunity and we intend to make the process more accessible to our fellow citizens. In near future, we plan to launch IPO funding, derivatives trading, margin finance, and a host of other value-adding features to make investing seamless and convenient. This is aligned with our mission to drive financial inclusion across the country.”

In the period March-November 2020, the country’s stock exchanges (both NSE and BSE combined) witnessed 12 IPOs and raised proceeds worth Rs.249.73 billion (or Rs 24,973 crores) in total. Some of the successful IPOs of 2020 were SBI Cards, Mazagaon Dock, Rossari Biotech, Happiest Minds, and CAMS among others. Within these, Happiest Minds and Rossari Biotech were oversubscribed by 150.98x and 79.37x and have delivered a listing day return of 111% and 77% respectively as per NSE’s data.

About Paytm Money:

Paytm Money is a wholly-owned subsidiary of One97 Communications that owns India’s homegrown financial services platform Paytm. It is the largest online investment platform in the country and has now added Stocks also to its current offerings of Direct Mutual Funds & NPS for its users. Paytm Money aims to become a full-stack investment and wealth management platform and bring wealth creation opportunities to millions of Indians. Headquartered and operating from Bengaluru, the team is 300+ member strong.