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Paytm Money Mutual Fund Investment 2022

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Paytm Money Mutual Fund Investment

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Invest in Direct mutual funds for free with Paytm Money app. The broker through a tie-up with 40 leading AMCs offers a plethora of schemes from the top fund houses like HDFC, Reliance, ICICI, Axis, and more. Paytm Money App and Web are the commission-free direct mutual fund investment platform that charges 0 brokerages on Mutual fund investment through SIP and lumpsum. Paytm Money App is an all-in-one mobile app that offers multiple features i.e. smart and powerful search filters, comprehensive portfolio insight, free risk profile assessment, get instant mutual fund statement, Insta redemption, and mutual fund ratings by agencies like Morningstar, CRISIL. Paytm is also a SEBI registered investment advisor that provides mutual fund advisory services with hand-picked investment packs. Check out the process on how to start mutual fund SIP with Paytm Money, charges, Paytm mutual fund app, and more.

What are Paytm Money Mutual Fund Charges?

Paytm Money offers zero brokerage or commission-free mutual fund (Direct Plan) investment at nil subscription fee or transaction cost. Check the complete charges list here;

Paytm Money Mutual Fund Brokerage Zero
Paytm Money Mutual Fund Commission Zero
Paytm Money Account Opening charges Rs. 200 (Digital KYC Charges)
Paytm Money Mutual Fund AMC charges Free
Paytm Money Mutual Fund Other charges No hidden charges

Is Paytm Money Good for Mutual Fund Investment?

  • 0 commission or brokerage-free direct mutual fund investment.
  • Wide range of schemes across equity, debt, and hybrid categories of 40+ AMCs.
  • Invest through SIP or lumpsum route.
  • Fully digital or paperless mutual fund investment through Paytm Money Mobile App and web.
  • Comprehensive portfolio tracking and monitoring anytime anywhere.
  • Zero cost mutual fund redemption at nil DP Charges.
  • Mutual Fund Investment Packs (Large and Mini) with 3-5 schemes in each pack.
  • Smart and powerful search filters and top-rated schemes by CRISIL and Morningstar.
  • Instant redemption facility of upto Rs. 50,000.
  • Get online MF statement i.e. portfolio holdings, transaction summary, P&L report, and Tax report.

Paytm Money Mutual Fund Account Opening| Open Paytm Money Mutual Fund Account

One who has opened Paytm Money Demat Account will have free access to the MF investment platform as there is no need to open a separate Paytm Money Mutual Fund Account. The broker charges Rs. 200 (Digital KYC Charges) Fee and no separate charges are levied on MF Account.

  1. Install the Paytm Money app from Play Store and App store.
  2. Enter a mobile number to sign-up and verify with OTP.
  3. Enter PAN card no, personal details, and nominee details to complete KYC registration.
  4. Provide personal bank account details to invest and withdraw funds.
  5. Pay the fees and once opened, start investing in direct mutual funds for Free.

Paytm Money Mutual Fund KYC Documents

To register KYC for the mutual fund investment process, users need to submit the following list of documents;

  • Applicant’s photograph and signature.
  • PAN Card.
  • Address proof i.e. passport, Voter ID, Aadhar card, License, etc.
  • Bank account proof i.e. passbook front page, latest bank statement, etc.

Paytm Money Mutual Fund Account Login

Paytm Money has a single login credential to access Demat or Mutual Fund Account. Here are the steps to log in to the Paytm Money MF Account;

  1. Install the Paytm Money app on Android or iOS whatever your device is.
  2. Enter Mobile number/E-mail address and Paytm password.
  3. Once you enter the correct details, your account will be logged in.

What is Paytm Money SIP?

Paytm Money offers a 100% paperless mutual fund investment process through two modes; SIP and lumpsum. SIP is the most preferred route because of the benefits of cost averaging and systematic investment. Here is the process to start MF SIP in Paytm money;

  1. Install the Paytm Money Mutual Fund App on your phone.
  2. Login to the Paytm Money MF Account.
  3. Use search filters (category, rating, AMC, returns) to select your choice of mutual fund scheme.
  4. Click on the “Start SIP” option.
  5. Enter SIP amount, date, and frequency and tap on the “Proceed to Payment” option.
  6. Make a payment of the first SIP installment.
  7. Upon successful payment, your SIP investment is successfully registered and the amount will be debited automatically from the next SIP due date onwards.

Paytm Money Mutual Fund App

Paytm Money app is a single app for all your investment and trading needs. The Paytm Money mutual fund app comes with a host of features like;

  • Zero commission, brokerage, transaction charges, or subscription fee.
  • Seamless user interface.
  • Hassle-free account opening process.
  • Paperless direct MF investment and withdrawal process.
  • Switch regular to Direct mutual funds through Paytm Money App at zero cost.
  • View fund Insight, and track your mutual fund portfolio performance online.
  • Check fund returns, riskometer, portfolio holdings, risks, and other factors.
  • Instant redemption of 90% investment value restricted to a maximum withdrawal of Rs. 50,000 daily.
  • Investment Ideas to find out top mutual funds grouped by investment period and returns.
  • Smart and powerful search filters based on returns, fund house, fund manager, etc.
  • Download MF statement i.e. Portfolio Holdings Statement, Realized Gains, Transaction statement, Investment insights, and Tax report.
  • Best Mutual Fund Schemes. Top-rated funds, best returns schemes, and Investment packs.
  • Start SIP in direct funds at just Rs. 100.
  • SIP reminders for auto-debit of SIP amount on due dates.
  • Available on Android and iOS devices.

How to download Paytm Money Mutual Fund App?

Paytm Money Mobile app is available to download on the Play store as well as the App Store for Android and iOS devices. Here are the direct links to install the app on your phone.

Paytm Money Mutual Fund Withdrawal

Mutual Fund withdrawal process is as easy as the investment process and takes a few minutes to place the withdrawal request on Paytm Money App. Here are the steps on how to withdraw from Paytm Money Mutual Fund App;

  1. Login to the Paytm Money Mobile App.
  2. Go to the Portfolio where all the Mutual Fund holdings will be displayed.
  3. Tap on the “Sell” option respective to the scheme, you want to withdraw money from.
  4. Enter amount or in case of full withdrawal, tap on the “Withdraw all units” option.
  5. Click on the “Submit” option to place the withdrawal request.
  6. Once the request is processed, money will be credited to the registered bank account.

Note:

  • ELSS Funds have a lock-in period of 3 years hence, withdrawal before 3 years is not possible.
  • Some funds are subject to a minimum withdrawal amount, hence, redemption requests below the minimum amount can’t be placed.
  • Insta redemption facility is available on several funds to withdraw 90% value of investment subject to a maximum withdrawal of Rs. 50,000.

Paytm Money Mutual Fund Withdrawal Charges

Paytm Money Mutual Fund Withdrawal charges Free
Paytm Money Mutual Fund DP charges Free

Paytm Money Mutual Fund Customer Care

Paytm Money Mutual Fund Helpline Number 0120-4770-440
Paytm Money Mutual Fund customer care E-mail [email protected]

Alternatively, you can raise a ticket on the Paytm Money App under the “Customer Support” option and the team will respond to it within 24 hours.

Request call back from Paytm Money

Paytm Money FAQs

Yes, investing in mutual funds through Paytm Money app is absolutely safe due to the following reasons:

  • Registered with SEBI (Security Exchange Board of India) market regulatory authority.
  • 2-factor Paytm login authentication.
  • Data privacy and protection to maintain confidentiality
  • Additional security with fingerprint and PIN-protection.

 

You can invest in mutual funds through the Paytm Money app using the following payment modes;

  1. UPI (Unified Payment Interface): Virtual UPI ID i.e. Phonepe, Google Pay, etc.
  2. Net banking facility: ICICI net banking, HDFC net banking. SBI net banking, etc.
  3. Auto-payment to automatically deduct the SIP amount from your mapped/linked bank account.

 

Paytm Money Insta redemption is a facility to redeem liquid mutual funds investment and get the money instantly within 30 minutes into your bank account. Notably, an investor can redeem 90% of his investment amount in liquid mutual funds restricted to a maximum withdrawal limit of Rs. 50,000 per day.

 

Paytm Money Super Saver Fund is a liquid fund available with an instant redemption facility. Thus, super saver funds allow customers to manage their savings smartly and get an instant withdrawal of up to 90% of their investment or Rs. 50,000, whichever is lower. For instance, Nippon India Liquid Fund, ABSL Liquid Fund, ICICI Prudential Liquid Fund, Kotak Liquid Fund, etc. are some of the top super saver funds.

 

Steps to access Instant Redemption facility through Paytm Money app:

  1. Log in to the Paytm Money Mutual Fund App.
  2. Go to the Dashboard and click on the “Insta Redemption Funds”.
  3. Click on the “Sell” button.
  4. Now, enter the withdrawal amount or select the withdraw all units option to redeem the full invested amount.
  5. Submit it and within 30 minutes, the money will gets credited to your bank account.

Note: Instant Redemption only allows you to withdraw 90% of your invested sum or Rs. 50,000, whichever is lower.

 

Paytm Money allows its customer to invest either through SIP (Systematic Investment Plan) or lumpsum. Here are the steps on how to invest lumpsum using Paytm Money Mutual Fund App:

  1. Download the Paytm Money app and log in to your mutual fund account.
  2. Using smart search filters, select your choice of scheme.
  3. Click on the “Invest Now” button.
  4. Enter the investment amount.
  5. Make payment and your investment is done!

 

Paytm Money app is a simple, convenient, and transparent mutual fund investment platform to invest in mutual funds.

Steps to start SIP in mutual fund through Paytm Money app

  • Login to your mutual fund account on the Paytm Money app.
  • Select your preferred scheme.
  • Now, on the top right-hand side, click on the “Start SIP” button.
  • Enter details like SIP amount, due date, and period of investment.
  • Make a payment of the first installment and your SIP investment is done!

 

Paytm Money allows customers to switch their external investment in regular plans across different platforms i.e. ET Money, Zerodha, Groww, MyCAMS, etc. to direct plans through below steps;

  1. Login to the Paytm Money Mutual Fund account.
  2. Go to the “Portfolio” and tap on the “Switch to Direct MF”.
  3. Now, click on the “External Investments” and upload consolidated account statement (CAS).
  4. Once CAS is uploaded, you can now select the target scheme and switch to direct MF on Paytm App.

Note: Consolidated Account Statement (CAS) is a consolidated view of all your mutual fund holdings and it can be downloaded from Karvy and CAMs.

Switch to direct mutual funds through Paytm Money

 

Cut-off timing in mutual funds decides the NAV applicable on your MF buy or sell orders. If you have placed an order before the cut-off timing and you will get mutual fund units at the NAV of same day and after the cut-off, next day NAV will be applicable on your investment.

Paytm Money MF Cut-off time

Liquid and overnight funds (Buy) 1:30 PM
Liquid and overnight funds (Sell) 3:00 PM
Other MF schemes (Buy and Sell) 3:00 PM

 

Paytm Money offers a 100% digital mutual fund KYC registration process to start investing in direct mutual funds at zero brokerage, commission, or subscription fee. Here are the steps to do mutual fund KYC on Paytm Money;

  1. Download the Paytm Money App.
  2. Enter mobile number and OTP to sign-up.
  3. Now, log in to the Paytm Money app and enter PAN card details.
  4. Upload a scanned copy of your PAN card and click on the “Next” option.
  5. Add personal details i.e. name, DOB, gender, profession, etc.
  6. Upload signature proof, users have two options to either sign digitally or upload a signed image on plain paper.
  7. Complete in-person verification (IPV) by uploading a 5-second video of yourself and show your full name on your PAN card or another document.
  8. Enter address information and upload address proof i.e. passport, driving license, aadhar card, etc.
  9. Provide nominee and declaration details like annual income, tax residency, residential status, etc.
  10. Add bank account details for seamless fund transfer and upload bank proof. Once bank details are added, Rs. 1 will be transferred to your personal account for verification.

Once all the details are verified then you will be notified of successful KYC registration.

 

Yes, in 2017, Paytm Money started as a free direct Mutual Fund platform with collaboration over 38+ AMCs. Investment in direct mutual fund schemes with Paytm is charged with nil brokerage, commission, or fee. Customers are free to start flexible SIP or invest lumpsum money in their favorite scheme. People can purchase direct MFs through Paytm mobile app or web platform.

 

Last Updated on 2021-12-23