Paytm Money to organise Exchange Traded Funds MasterClass
Paytm’s wholly owned subsidiary, Paytm Money is planning to empower its more than one lakh new investors with Exchange Traded Funds in the next one year. The Exchange Traded Funds are more cost efficient than the traditional mutual funds because of the lower commission and higher returns. Trading in the Exchange Traded Funds gives short-term income opportunities for investors.
Paytm Money is aiming at encouraging more and more Indians to manage their savings in a better way and giving them more wealth creation opportunities. The company believes that the product has massive growth prospects and it is going to become the top investment avenues for Indians in the next five years, as it has happened in the US and other markets.
The company, along with ICICI Prudential, is organizing a two day event, ‘ETF MasterClass – Rise with India’. The event will create awareness about ETFs by the industry experts. The event will be be starting from December 18 for two days and will span over six hours. The tickets for the ETF MasterClass will be available on Paytm Insider for Rs. 99. People who are buying the tickets are going to get a participation certificate and free brokerage worth ₹500 on Paytm Money.
Mr. Ashishkumar Chauhan, MD & CEO of BSE will inaugurate the event. And, there will be a panel of both domestic and international experts such as S. Naren – ED & CIO of ICICI Prudential AMC, Deborah Fuhr – MD & Founder of ETFGI and Radhika Gupta – MD & CEO of Edelweiss AMC.
Varun Sridhar, CEO – Paytm Money said, “Our aim is to empower all Indians with wealth products that can help them build a solid, low cost and long term portfolio. To achieve this, creating awareness about all wealth creation tools is extremely important as many Indians are still unclear about the value and importance of these products. Investing in ETFs is relevant for first-time investors & a good long-term investment strategy as well. Our ETF MasterClass is being organised with a vision to educate investors about the immense potential that these hold and ICICI Prudential is a great knowledge partner. We expect ETF investing & trading to skyrocket & in line with the current ETF penetration in western countries. Over the next 12 months, we are aiming at around 1 lakh Indians to invest or trade in ETFs.”