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Paytm launches scheme with extra worthwhile banks than Rs 100, Paytm Begin

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News18Hindi

Updated: September 6, 2018, 4:08 PM IST

Now you can put money in a mutual fund with the App of PetiMe. PettyM has launched a new app called Petty Money. With this you can start from just Rs 100. It is clear that now you can make 100 rupee SIP (Systematic Investment Plan) in mutual funds. For this, PettyM has tied up with 24 companies offering mutual funds. Let me tell you that if you get an FD in the bank, where you get a return of 7-9 per cent. At the same time, the mutual fund gets an annual return of up to 15%. However, returns received in mutual funds depend on the move of the stock market.

Now you have to do this work- In the next 3 to 5 years, PetiM has set a target to add 25 million people to this app. So far 8.5 lakh people have registered this app. The Petty Money App will also have digital KYC.

What happens to Mutual Funds-Mutual fund companies raise money from investors. They invest this money in those stocks. Instead, they also charge the investors. For those who do not know much about investing in the stock market, mutual funds are a good option for investment. Investors can choose mutual fund schemes according to their financial goals.

How to invest in a mutual fund You can invest directly from a mutual fund's website. If you wish, you can also hire a Mutual Fund Advisor. If you invest directly, you can invest in the Direct Plan of the Mutual Fund Scheme. If you are investing with the help of an advisor, then you invest in a regular plan of a scheme.Make every month with Paytm earning in thousands, learn what is the process?

If you want to invest directly, you will have to go to that mutual fund's website. You can also go to his office with his document. The advantage of investing in a direct plan is that you do not have to pay a commission. That's why your return in long-term investments increases very much. One problem with investing in this way is that you have to research yourself.

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