Mutual fund investor? Here is a free service you must not ignore

In a major good news for millions of mutual investors, Paytm Money has announced that its users can now track the performance of all their Mutual Fund investments on its app for free. The digital payment platform tied up with 34 AMCs (Asset Management Companies) covering over 94% of industry AUM of the Mutual Fund industry. Pravin Jadhav, Whole-time Director, Paytm Money said, "We received many requests & feedback from Paytm Money users to be able to import their external investments to our platform."

"This assists an investor in keeping track of all investments in one place, further helping in their investment decisions. We are excited to offer this in line with our investor-first philosophy," he added.

Investors simply need to upload their Consolidated Account Statement (CAS) generated via Karvy Fintech on Paytm Money and within minutes they can start tracking all investments in their portfolio right on the Paytm Money app.

This new offering from Paytm Money will bring the convenience to over 18 million existing mutual fund investors to view all their investments in one place and also to track their daily portfolio performance irrespective of their channel or the mode of investment. 

Mutual Fund investors in India who have been investing through multiple channels including AMCs, banks, advisors & distributors over the years, face the challenge of tracking the performance of their investments in one place.