Paytm’s parent company, One97 Communications, announced on Monday, May 22, that its subsidiary Paytm Money has launched a bond platform specifically designed for retail investors in India.
The new platform enables investors to easily invest in three types of bonds: government bonds, corporate bonds, and tax-free bonds.
With a track record of pioneering direct investment in mutual funds and stocks, Paytm Money continues to lead the way in innovation within the Indian capital market.
Varun Sridhar, CEO of Paytm Money, expressed his excitement about this venture, stating, “This marks the beginning of bond investing in India.
We strongly believe that bonds offer an excellent entry point for first-time investors into the capital market.
It is crucial to have a well-diversified investment portfolio with bonds playing a central role.”
Sridhar further emphasized Paytm Money’s commitment to providing investors with the best technological features available.
One97 Communications mentioned that bond issuers will provide investors with comprehensive information through the Paytm Money app.
This information will be presented in terms of yields, allowing investors to analyze and comprehend the potential returns.
The Paytm Money app offers a single dashboard that displays details such as coupon rate, yield, clean price, dirty price, coupon frequency, and coupon record date.
As a registered broker with the Security and Exchange Board of India (SEBI), Paytm Money ensures that the bond product.
it offers adheres to the existing regulatory framework, providing a safe and transparent investment option for Indian investors.
The company firmly believes that India has the potential to attract 100 crore investors (1 billion), and it sees bonds as the optimal avenue for individuals to enter the capital market.
Paytm Money has launched the bond platform through its Early Access Waitlist program, allowing investors to register their interest and be among the first to access the platform.
