How to invest in Mutual Funds? Well, Paytm now provides users with an option to make their investments in mutual funds using the Paytm Money app and website. Mode of investment preferences is via SIPs (Systematic Investment Plans), that start from Rs 100. What’s more, the registration and KYC processes are paperless. Here’s how you can choose to invest in Mutual Funds via Paytm Money.
Setting up your account
Step 1: You may log onto the Paytm Money website or download the Paytm Money app for Android/iOS.
Step 2: Sign into your Paytm account using your login credentials such as the registered mobile number/e-mail address, and password.
Step 3: Tap on ‘Apply for Access’.
Step 4: User will be put on a waitlist, which indicates that there are other people ahead of them in the registration for early access queue.
Step 5: To quicken the whole process, users can click on the option called ‘I Want Faster Access’ using the Paytm Money app.
Complete the KYC process
Step 1: Enter your PAN card number to initiate KYC and fill mandatory sections like personal information, address proof, nominee, bank account information, etc.
Step 2: Upload your digital signature by either signing onto the smartphone screen via the Paytm Money app, or by uploading an image of your signature.
Step 3: Upload a picture that clearly shows your face and torso.
Step 4: Upload a 5-second in-person verification (IPV) video, wherein you clearly state your full name.
Once you complete the KYC process, you can start investing using Paytm Money.
Investing in Mutual Fund
Step 1: To invest in Mutual Funds using Paytm Money, you can use various factors and quick filters in order to discover the best investment option for you.
Step 2: Select your investment mode preference, i.e. SIP or one-time investment.
(Note: Upon selecting SIP, one can view suggested dates to do monthly SIPs on the SIP calendar. Dates for SIPs are suggested based on historical performance of the fund. This way, you can get the best possible returns.)
Step 3: Tap on the option ‘Proceed to Payment’ to make the transaction. Once the transaction is done, you can keep a tab on timelines of transactions and more.
That’s it, you are good to go. As always a word of caution – Mutual Funds are subject to market risks. (Do your research and) read the offer document carefully before investing.