Paytm Money receives SEBI approval for Stock Broking

Paytm Money receives SEBI Approval for Stock Broking

Paytm plans to introduce new product & offerings through its app such as investing & trading in equities, derivatives, currency, commodities, ETFs and other exchange traded products.

Paytm Money announced that it has received approval from SEBI (Securities & Exchange Board of India) to offer Stock Broking service to its users..

Paytm Money has received approval for its membership from Bombay Stock Exchange (BSE) & National Stock Exchange (NSE). It plans to introduce new product & offerings through its app such as investing & trading in equities, derivatives, currency, commodities, ETFs and other exchange traded products.

“With this approval, Paytm Money is moving towards its aim to be a full stack wealth management platform. Making investing in Stock Markets easier & accessible is in line with our mission to bring wealth creation opportunities to millions of Indians. We expect to go live within few months and eventually offer all exchange traded products to our users.” said Pravin Jadhav, Whole-time Director at Paytm Money.

The company will announce more updates on products, offerings, features, pricing and other details when the stock trading service goes live.

Within a few months of launch, Paytm Money crossed over 1 million users mark to become the largest platform for mutual fund investments in India offering commission free investing in direct Mutual Funds. Recently, it introduced Investment Packs – a curated list of mutual funds, based on research conducted by their in-house advisory team. The company has introduced many features aimed towards simplifying the investing experience for its users.