Digital payments giant Paytm already enables you to invest in mutual funds via Paytm Money but it has been planning to get into stock broking for the past six-odd months. Today, Paytm Money has bagged an important update to introduce stock trading onto its platform. It intends to rely on a completely digital (paperless) KYC process and low trading charges to attract investors to its platform.
I know you are itching to learn the investment charges, so here we go. The company is taking cues from other brokerage firms and doesn’t have any Depository AMC charges. You will, however, have to shell out Rs. 300 as platform charges (applicable at Re. 1 per day when the exchange is open). The account opening charge or digital KYC charge, as Paytm Money calls it, has been set at Rs. 200.
