How to create an account on Paytm money & Start Investing in Mutual Funds

Previously, investing in mutual funds was a difficult procedure that involved the trouble of creating a paper-based account. With its totally digital platform, the Paytm Money app has made it simple and straightforward for anybody to begin investing in mutual funds and develop their wealth. You may now start an investing account for free and earn up to 1% better returns with direct plans, without paying any commissions to banks or distributors. Furthermore, with just a few taps, you can access current mutual fund information, top-rated schemes, hand-picked investment ideas, and special mutual fund suggestions for anybody looking to start investing.

Paytm Money has grown into a full money management solution. You may also save taxes with ELSS Funds and establish a retirement fund through the National Pension System (NPS). These two solutions give a total tax savings of up to Rs 62,400. You may also start a systematic investment plan in your selected mutual fund for as little as Rs. 100.

Here's how to set up a Paytm Money account and start investing in mutual funds:

• Install the Paytm Money app from Google Play or App Store.
• Log in with your Paytm account credentials or quickly establish a new account with your cell phone.
• Complete your KYC and become investment-ready within minutes.
• Tap the 'Invest' button at the bottom of the home screen.
• Select 'Discover Mutual Funds for Investments' to evaluate various schemes based on their ratings, ideas, fund manager, and AMC information.
• Select a fund of your choice and select 'Invest Now'
• The software allows you to invest using SIP or lump-sum mode. Choose your preferred choice and input the amount of investment. Next, press 'Proceed to Payment'.
• Make the payment via UPI, Net banking or by arranging up Auto-Pay with your bank for automatic deduction of your payments. Complete the transaction, and you're done!