New Delhi: One97 Communications Limited (OCL), which owns Paytm, a leading mobile payments and financial services company, on Tuesday announced that its wholly owned subsidiary Paytm Money Limited has launched the most advanced bond platform for retail investors in the country. Have done
The company said it is simplifying bonds for retail investors and enabling them to invest in three types of bonds – government, corporate and tax-free.
“This is the beginning of bond investing in India. We believe that bonds are the best way for first time investors to enter the capital market and every Indian should have a diversified wealth portfolio with bonds as its main asset. Be a part. We will continue to bring the best of technology-driven features along with safety and security for investors,” said Varun Sridhar, CEO, Paytm Money.
The Paytm Money app presents all relevant information to bond investors in one place, and converts everything into yields so that investors can analyze and understand the returns they can earn.
Now, investors will not have to visit different sources for information on Coupon Vs Yield, Clean Price Vs Dirty Price, Coupon Frequency, Coupon Record Date etc., and instead, have it all on one dashboard on the Paytm Money app Will go
According to the company, investing in the debt markets in India is still very nascent and the country has the potential to have 100 million investors for whom bonds would be the best way to enter capital markets.
As a SEBI-registered broker, Paytm Money is leveraging the existing robust regulatory framework to innovate and bring a simple, secure and transparent bond product in India.
It has achieved investor protection features such as limit order as default order type, comparison of prices in both NSE and BSE, and best exchange rates pre-selected, credit ratings from multiple rating agencies, with the lowest default rating. Many more such features.
Bonds is currently being launched on Paytm Money with the Early Access Waitlist programme.
Tax free bonds are a great investment for Indians. One can invest in tax free bonds issued by public sector undertakings like NHAI, IRFC, REC etc. at yields up to 5.8 per cent per annum and maturities ranging from 5 months to 13 years.
Investors, who are looking to expand their portfolio, can also consider corporate bonds like Indiabulls Housing Finance, Edelweiss etc. where, depending on the credit profile of the company and the maturity of the bond, one can earn up to 15 per cent per annum Is.
Paytm Money continues to enable wealth creation by enabling users with investment products like Mutual Funds, Stocks, IPO, F&O, ETF, NPS and more.
Paytm Money’s offering of small ticket investments in mutual funds and stocks contributes to financial inclusion in the country.