Paytm Money gets Sebi nod for stock trading: Now, trade in ETF, derivatives, commodities, equities

One97 Communications-owned Paytm Money has further enhanced its services after it received SEBI (Securities & Exchange Board of India) approval to offer stock broking services to its users. Not only this, Paytm has also received membership nod from Bombay Stock Exchange (BSE) & National Stock Exchange (NSE). Pravin Jadhav, Whole-time Director at Paytm Money said, "With this approval, Paytm Money is moving towards its aim to be a full stack wealth management platform. Making investing in Stock Markets easier & accessible is in line with our mission to bring wealth creation opportunities to millions of Indians. We expect to go live within few months and eventually offer all exchange traded products to our users.”

Paytm plans to introduce new products & offerings through its app such as investing & trading in equities, derivatives, currency, commodities, ETFs and other exchange traded products. Further, the company will announce more updates on products, offerings, features, pricing and other details when the stock trading service goes live.

On its blog, Paytm revealed that, they are ramping up  engineering, product & design teams to ensure they  build the offer the most reliable investing platform to cater to millions of Indians.

"Also setting up our teams for market operations in Trade, Settlement, Depositories, Risk, Finance, Treasury and others. (PS: We’re hiring)," it said.

Hence, the Sebi approval and membership from BSE and NSE, has not only come as a good news to many investors but also to those who are looking for jobs at Paytm Money.

The digital platform has been helping investors to trade extensively in mutual funds market through their app. Within a few months of launch, Paytm Money crossed over 1 million users mark to become the largest platform for mutual fund investments in India offering commission free investing in direct Mutual Funds

Recently, Paytm has introduced Investment Packs - a curated list of mutual funds, based on research conducted by their in-house advisory team. The company has introduced many features aimed towards simplifying the investing experience for its users.