1/21/2024 0 Comments Paytm investmentPaytm Money is about to venture into international stocks soon, with support for investments in the NYSE FANG+. From the Shari perspective investing in direct plans from different mutual. Paytm Money To Add Foreign Stock Investments. Livemint tops charts as the fastest growing news website in the world □ Click here to know more. However, Paytm has also started selling direct plans of all mutual fund schemes. BENGALURU, Aug 7 (Reuters) - Paytm (PAYT.NS) Chairman Vijay Shekhar Sharma will buy a 10.3 stake worth 628 million in the firm he founded from an arm of Chinese fintech giant Ant Financial in a. Paytm Money offers a gamut of investment products, such as direct mutual funds, stocks, IPOs, F&O, ETFs, National Pension System (NPS) and digital gold on its platform. “Paytm Money has seen the number of female investors double on the platform they are experimenting and investing in different wealth products," the company said in a press release.Īccording to Paytm Money, while many Indians have shown an initiative in starting their wealth creation journey on the platform, about 44% of the total user base belongs to Maharashtra, Gujarat, Uttar Pradesh, Delhi and Karnataka. Moreover, the most encouraging observation that the company has made in the past several months is the rapid increase in the number of female investors on the platform. Other popular funds were SBI Small Cap Fund (direct-growth) and Parag Parikh Flexi Cap Fund (direct-growth). More than 80% of these users chose the systematic investment plan (SIP) route to invest in the fund. Some of the most popular mutual funds on the platform during the last year included Axis Bluechip Fund (growth plan), in which about 120,000 users have invested more than ₹200 crore. In terms of investor preference, the report revealed that while more than 64% of users have invested in mutual funds, close to 28% have invested in equity, and the rest in digital gold. Moreover, users invested the most in Tata Motors in the last year, and this is the security attracting the highest number of the investor base other than Yes Bank, Vodafone Idea, SBI and ONGC. Many users traded or invested in 15 stocks and 41% traded intraday," the company said in the report. “In the last year, investors on average did 10 transactions in stocks per month and hold ₹46,000 worth of stocks in the account, while they added over ₹74,000 for investing. In terms of equity trading on the platform, 210,000 accounts were opened till 31 March 2021. Additionally, F&O (futures and options) as an investment option has also gained massive popularity among Paytm Money users in the past year and so have IPOs on the platform. Profitability improved, making it yet another quarter of adjusted EBITDA profit.In 2020, more than 5,000 people attended the Paytm Money ETF Masterclass, a webinar series on strategies and insights into exchange-traded funds (ETFs), conducted by industry experts.Īccording to the report, more than 25% of equity users invested about ₹28,834 on average in ETFs. In fact, PayTm has come up with stock broking services recently and trying to establish itself in the said field. Payments continued to be strong while the loan growth remained high but personal loan growth moderated. Paytm Money app is safe and secured with the latest encryption standard that keeps all the personal information and transactions safe within the trading app. Paytm revealed last month that its F2Q24 revenue growth was strong at 32% YoY, versus 39% YoY last quarter (moderation owing to timing of online festive sales). Paytm Money app is a smartphone trading app with a simple design and clean user interface that makes your investment journey swift, easy, and convenient. The Indian firm has since rebounded, ending Friday at $10.73 apiece following fast revenue growth and improving finances in recent quarters. Shares of Paytm, which made its IPO debut in 2021 at $25.8 apiece, fell to as low as $5.58 a year ago. Alibaba, SoftBank and T Rowe Price were among other investors in Paytm.īut while Paytm, which allows users to make digital mobile transactions as well as access loan and invest in mutual funds, made its initial public offering at a valuation north of $20 billion, it fell dramatically in the aftermath. Paytm was Berkshire Hathaway’s first direct startup investment in India, with the deal widely celebrated by the local startup ecosystem. Berkshire secured a return of less than $160 million on its ~$260 million investment in Paytm. The investment giant - which sold a stake worth $36 million in Paytm in 2021, at a profit - sold its remaining position on Friday for $121.6 million, according to disclosure by the local Indian stock exchange. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 billion. Berkshire Hathaway exited Paytm-parent firm One97 Communications Friday at a loss of about 40% on the high-profile investment it made more than five years ago.
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