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  • News From Press Paytm Money sees half a million users sign up to buy mutual funds

    Paytm Money sees half a million users sign up to buy mutual funds

    Source : Livemint Aug 8, 2018

    More than half a million users have signed up to buy mutual funds (MFs) on Paytm Money, which is nearing launch, a top company official said. The digital platform from Paytm Money Ltd, a subsidiary of One97 Communications Ltd, goes live by the end of this month. One97 also owns Paytm mobile wallet, which claims to have 300 million users, and Paytm Payments Bank. Although Paytm is accepting advance registrations, it has not opened the mutual fund shop to the public yet.

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    1 Comment
    Prashant · 5 years ago `
    Two things which are ambiguous are
    1) Why the fund houses officials kept their name anonymous?
    2) Why did fund houses increase TER in direct plans and why did SEBI allow them to increase TER?
    It seems that they want to allow backdoor or under the table entry or income to these wallets. This is going to increase cost so penetration will drastically reduce of the product but SEBI always wants to reduce the cost to increase the penetration, which is defied.
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