Paytm to sell Direct Mutual Fund plans?
Paytm’s this effort is really going to benefit mutual funds investors financially.Direct mutual fund plans means there is no intermediaries between the investors and AMCs.As a result of this investors would be able to buy and sell units of Mutual Funds using the platforms of Paytm Money without shedding extra penny.Buying direct mutual funds units leads to less expense ratio for the mutual fund plan itself and which translates more return for the investors in the long run. However, direct mutual funds plans do not make any impact on the investors portfolio for the short term investment.
Paytm is confident enough with this new role and taking this opportunity very seriously before starting off their Wealth Management services along with selling other financial products like Insurance later on.Now, let’s just see how the mutual fund investors reciprocate with this and translate a huge success for Paytm Money.Also, it is very pertinent to say that for last 3 to 4 years Mutual Fund industries has grown substantially ,which is becoming very eye catching for new entrant like Paytm. Hopefully, this will continue in future as well since SEBI has come a long way to promote direct mutual funds for the interest of the investors only.