ETF can be bought at as low as Rs 16 for Equity & Gold ETFs starting at Rs 44.
India’s homegrown digital financial services platform Paytm today announced that its wholly-owned subsidiary 'Paytm Money' has launched Exchange-Traded Funds (ETFs) on its platform, post-approval from the Securities and Exchange Board of India (Sebi). These are passive funds that are listed on NSE /BSE and traded like regular equity shares proving the merits of mutual funds along with the return potential of stocks.
Paytm Money says that it believes that ETF is an essential part of an investor's portfolio and all Indians must invest in it. Therefore, the company has made it convenient for new investors by facilitating ETF investments for as low as Rs 16 in Equity, Rs 44 in Gold and Rs 120 for NIFTY.
The platform's interactive and easy to use interface helps to track the price changes in the preferred ETFs along with the flexibility to set a price alert. It also updates the live prices of an ETF and empowers investors to place a sell order during the open market hours and receive the money directly in their bank account. Advanced investors can even execute intra day trades in ETF and the simple stop loss/target price orders allow users to automate their risk management.