The Bengaluru-based Investment Advisory – Paytm Money today announced that it will now offer mutual fund schemes from all the 40 AMCs (Asset Management Companies) in India. This Investment Advisory is registered with SEBI. The advisory had recently boarded two of the top mutual fund investment firms – Franklin Templeton Investments and ITI Mutual Funds to its portfolio. The company had started off by providing investment schemes from just 25 AMCs. With more than one million users to serve to, the company says that it had always been focusing on making investment accessible to millions of users in India. Paytm Money’s Director – Pravin Jadhav also told that the company aims to connect the masses with the best fund managers in India. To reach this goal, the company has now integrated its in-house technology platform with all AMCs and RTAs across the country. Paytm Money has also received the approval, to begin with, stock-breaking services from SEBI (Securities and Exchange Board of India). With its recent integration with Paytm Payments Bank (PPB), the advisory has also enabled the users of PPB to integrate their accounts as their primary accounts with Paytm Money for easy investment and redemption of mutual fund investments.
Source: Your Story