Paytm announced that it aims at empowering over 1 lakh new investors with Exchange Traded Funds (ETFs) in the next one year. The ETFs are cost-efficient as compared to traditional mutual funds due to a lower commission and higher returns which makes it a valuable wealth product for new to investments users, the company said. Trading in ETFs additionally presents new short-term income opportunities for investors.
Paytm Money aims to encourage more Indians to manage their savings better and give them wealth creation opportunities. It further said that ETFs are expected in the next 2 years to account for 20 percent of the overall AUMs for the company. The product has immense growth prospects and in the next five years would become the top investment avenues for the Indians.
The company further said that it has started a campaign to promote ETF as a must have wealth creation product and encourages more Indians to invest in ETFs as compared to other available products.
Paytm Money along with ICICI Prudential as the knowledge partner is organising the first-ever 'ETF MasterClass - Rise with India' a two-day event where industry experts would create awareness about ETFs.
The event beginning on December 18 will span over six hours spread across two days, during which industry experts would hold classes to educate people about ETFs. The company said that tickets for the ETF MasterClass will be available on Paytm Insider for Rs. 99. Everyone buying the tickets will get a participation certificate and free brokerage worth Rs. 500 on Paytm Money.
The inauguration will be held by Ashishkumar Chauhan, MD & CEO of BSE December 18.
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