Paytm Money, a subsidiary of One97 Communications, the parent company of Paytm, has launched a bond platform for retail investors in India.
With this platform, investors will have the opportunity to invest in government bonds, corporate bonds, and tax-free bonds.
Paytm Money aims to make bond investing accessible to first-time investors and believes that bonds should be a core part of a diversified investment portfolio.
The company emphasizes its commitment to innovation in the Indian capital market and states that it will continue to introduce technology-based features for investors.
Bond issuers will provide all the necessary information on the Paytm Money app, including details such as coupon rate, yield, clean price, dirty price, coupon frequency, and coupon record date.
Investors can analyze and understand the potential returns they can earn through the platform.
Paytm Money envisions India having the potential to reach 100 crore (1 billion) investors, and it sees bonds as the ideal way for individuals to enter the capital market.
The bond offerings on Paytm Money are currently available through the Early Access Waitlist program, allowing interested investors to sign up and participate.