Technology News Desk!!! One97 Communications Limited (OCL) on Tuesday announced that its wholly owned subsidiary Paytm Money Limited has launched the most advanced bond platform for retail investors in the country. The company said it is simplifying bonds for retail investors and enabling them to invest in three types of bonds – government, corporate and tax free. This is the beginning of bond investing in India, said Varun Sridhar, CEO, Paytm Money. We believe that bonds are the best way for first time investors to enter the capital market and every Indian should have a diversified wealth portfolio with bonds as a core part of it. We will continue to bring the best of technology-driven features along with security for the investors. On the Paytm Money app, bond investors will get all the relevant information in one place so that investors can analyze the returns they are getting and understand where they can earn. Now, investors will not have to go to different places for information on Coupon Vs Yield, Clean Price Vs Dirty Price, Coupon Frequency, Coupon Record Date etc. and instead have it all on one dashboard on the Paytm Money app.
According to the company, investing in the debt markets in India is still very nascent and the country has the potential to have 100 million investors for whom bonds would be the best way to enter capital markets. As a SEBI-registered broker, Paytm Money is leveraging the existing robust regulatory framework to innovate and bring a simple, secure and transparent bond product in India. It has got investor protection features like limit orders, price comparison of NSE and BSE, best exchange rates, credit ratings from multiple rating agencies, lowest default ratings and many more. Bonds is currently being launched on Paytm Money with the Early Access Waitlist programme. Tax free bonds are a great investment for Indians. One can invest in tax free bonds issued by public sector undertakings like NHAI, IRFC, REC etc. with yields up to 5.8 per cent per annum and maturities ranging from 5 months to 13 years.
Investors, who wish to expand their portfolio, can also consider corporate bonds like Indiabulls Housing Finance, Edelweiss etc. where one can earn up to 15 per cent per annum, depending on the credit profile of the company and the maturity of the bond . Paytm Money continues to create wealth by enabling users with investment products like Mutual Funds, Stocks, IPO, F&O, ETF, NPS. Paytm Money’s offering of small investments in mutual funds and stocks contributes to financial inclusion in the country.
–IANS
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