Earlier, investing in mutual funds
used to be a complicated process with all the hassles of paper-based account
opening. With its fully digital platform, Paytm Money app has made it simple
and convenient for everyone to start investing in mutual funds and grow their
wealth. Now, you can open an investment account free of cost and earn up to 1%
higher returns with direct plans, avoiding any commissions charged by banks or
distributors. In addition to this, with just a few taps, you get to view
updated mutual fund information, top-rated schemes, hand-picked investment
ideas and exclusive mutual fund recommendations for everyone to start
investing.
Over time, Paytm Money has evolved
into a comprehensive wealth management tool. Here, you can also save taxes with
the help of ELSS Funds and build a retirement corpus through the National
Pension System (NPS). Together, these two options offer you a combined tax-saving
of up to Rs 62,400. Also, you can start a SIP in your preferred mutual
fund for as low as Rs. 100.
Here’s how you can
create an account on Paytm
Money and start investing in a mutual fund:
Step 1: Install Paytm Money app
from Google Play store or App Store
Step 2: Login with your Paytm account credentials or instantly
create a new account with your mobile number
Step 3:Complete your KYC & become investment-ready within minutes
Step 4: Tap on ‘Invest’ button at the bottom of the home screen
Step 5: Select, ‘Discover Mutual Funds for Investments’ &you can now
compare various schemes based on its ratings, ideas, fund manager, and AMC
information
Step 6: Select a fund of your choice and tap on ‘Invest Now’
Step 7: The app lets you invest via SIP or
the Lump-sum mode. Select your desired option and enter the amount of
investment. Next, tap on ‘Proceed to Payment’
Step 8: Make the payment using UPI, Netbanking or by setting an Auto-Pay
with your bank for automatic deduction of your payments. Complete the
transaction and you are done!
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