Paytm Money targets over 10 mn users, 75 mn yearly transactions in FY22

Young investors are the target audience for most of the new-age start-ups offering MF and other investments.

Paytm’s stocks and mutual fund (MF) investment platform, Paytm Money, is targeting over 10 million users and 75 million yearly transactions in 2021-22, said the Noida-based financial technology company. 

Paytm Money has over 7 million users and has achieved over Rs 5,000 crore in direct MF investments. It aims to register over 150 per cent increase in monthly systematic investment plan (SIP) registrations and 200 per cent increase in total monthly investment volumes over the next few months. 

It allows direct MF users save 1 per cent in commission, compared to regular MFs, it added.

“We strongly believe that wealth management in the