PAYTM Money – The wait is finally over

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          Paytm has started the beta testing of its Paytm Money services.     
          It has thrown open the App to its employees to iron out any issues, before the commercial launch.

          The commercial launch will be done by this month end.

          The Tag Line is  - The Simplest Investment Platform in India


The USPs are :

01)      Upto 1.5% Higher Returns -- With direct plans of mutual funds

02)         Zero Commissions -- No hidden distribution fees

03)         Leading AMCs in India - Names will be announced soon



As only Direct Plan channel is planned, Paytm has tied up third-party mutual fund research firms such as Value Research and Morningstar for proper advice to Paytm Money users.

Direct plans come with lower expense ratios, but they bypass distributors that hand-hold retail clients, especially first-time investors.

There won’t be any distributor commissions for Paytm Money as it is a registered investment adviser (RIA) with the Securities and Exchange Board of India (Sebi).

As of now, it is not clear as to how Paytm will monetise its Paytm Money App. We have to wait and watch.




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