Paytm Money opens Stockbroking for all, targeting 10 lakh investors this fiscal

Paytm Money received an overwhelming response to its early access program and registered over 2.2 lakh investors. Out of these, 65% of users are in the age group of 18 to 30 years which reflects more millennials are building their wealth portfolio. The platform witnessed higher adoption from Tier 1 cities such as Mumbai, Bangalore, Hyderabad, Jaipur, and Ahmedabad. Smaller cities such as Thane, Guntur, Bardhaman, Krishna, and Agra are also showing high traction. This service is now available on iOS, android and web with super-fast loading Stock Charts, Track Market Movers & Company Fundamentals. Paytm Money app also offers a seamless interface to set price alerts & SIPs to invest, trade and research on stocks.

This widespread adoption of Stocks Trading on Paytm Money in such a short span holds considerable significance and indicates recognition towards the company efforts to democratize digital investing for every Indian. Along with simplified investing in stocks, the platform offers ample opportunities to the user to research the markets, explore market movers, create customizable watchlists, and set price alerts for as many as 50 stocks. Also, users may set weekly/monthly SIPs for stocks and automate stocks investing conveniently. With the built-in brokerage calculator, the investor can discover the transaction charges & know the exact breakeven price to sell stocks profitably. Besides, the advanced charts and other options like cover order & bracket order have been added to make the stock trading experience more rewarding. All this and a lot more would be available with absolute data privacy to keep investors’ personal data safe with bank-level security.