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Paytm Money Launches Bond Investing On Its Platform

The company believes that investing in debt markets in India is still very new and the country has the potential to have 100 million investors

Paytm Money Launches Bond Investing On Its Platform

Outlook Start-Up Desk

POSTED ON May 22, 2023 3:55 PM

One97 Communications Limited (OCL) which owns the brand Paytm has announced that its wholly-owned subsidiary Paytm Money Limited has launched the bond's platform for retail investors in India. The company has claimed to simplify bonds for retail investors and enable them to invest in three types of bonds – government, corporate and tax-free.

The company believes that investing in debt markets in India is still very new and the country has the potential to have 100 million investors, for whom bonds would be the best way to enter capital markets.

According to a statement by Paytm, bonds are a safe option for investors who are looking at a steady income and fixed returns on their investments and can diversify their portfolio for good returns
 
As a SEBI registered broker, Paytm Money is leveraging the existing strong regulatory framework to innovate and bring a simple, secure and transparent bond product to India. It has claimed to achieve investor safety features such as limit order as the default order type, prices compared across both NSE and BSE, and the exchange rate pre-selected, credit ratings from multiple rating agencies, with the lowest being the default rating and many more such features. 

Varun Sridhar, CEO, of Paytm Money said, “At Paytm, we have revolutionised mobile payments and at Paytm Money, we are at the forefront of innovation in the Indian capital markets. This is just the start of bond investing in India. We believe bonds are the best way for first-time investors to enter capital markets and every Indian should have a diversified wealth portfolio with bonds being a core part of it. We will continue to bring the best technology-driven features for investors with the safety and security they deserve.”
 

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