Digital wallet company Paytm has launched Paytm Money app for mutual fund investments. The Paytm Money platform will be offering systematic investment plans (SIPs), starting at how much rupees per month?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Digital wallet company Paytm has launched ‘Paytm Money’ app for mutual fund investments. The Paytm Money platform will be offering systematic investment plans (SIPs), starting at how much rupees per month?

A	Rs 300
B	Rs 400
C	Rs 200
D	Rs 100

Explanation:

Detailed explanation-1: -Paytm Money offers fund schemes that are rated by reputed agencies, allows you to compare the fund performances along with the portfolio insights if you already an investor. It has a hassle-free account opening process and you can invest in a handful of schemes for free and at absolutely no hidden charges.

Detailed explanation-2: -Paytm Money Stocks. What is an SIP in equity? SIP stands for: Systematic Investment Plan. It gives you the facility to invest fixed amounts of money in stocks of certain companies at fixed intervals.

Detailed explanation-3: -Log in to the mutual fund portfolio at a third-party app/the fund house to get access to the mutual fund/SIP statement. You can invest through Paytm Money and view/download the statement of the SIPs you invest in.

Detailed explanation-4: -14. Is Paytm Money free for mutual funds? Yes, Paytm Money allows you to invest in Mutual funds for free. Paytm Money does not charge any commissions, fees on buy/sell of MF, or any other hidden charges.

There is 1 question to complete.