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Paytm Money considering applying for MF licence as an asset manager: CEO

Company clocked over 20 million annual direct mutual funds transactions with assets under management of over Rs 5,000 crore, says Varun Sridhar

Paytm
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In 30 months, Paytm Money has seen over 20 million annual direct MF transactions with assets under management (AUM) of over Rs 5,000 crore. | Photo: Bloomberg

Vinay Umarji Ahmedabad
Paytm Money is considering applying for a mutual fund (MF) licence as an asset management company (AMC) and is studying regulations, said its chief after gaining users for the company’s broking business in six months.

"We are thinking about it. The regulation has come. We are studying it to understand what is the roadmap that we can take. We have partnered with over 40 AMCs today. So anyway every scheme is available on Paytm Money," Varun Sridhar, chief executive officer of Paytm Money, told Business Standard on Thursday.

The company offers mutual funds, digital gold, equity, IPO, ETF and F&O and other

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