Paytm Money plans to offer stockbroking services for new investors

Paytm Money also offers free risk assessment and advisory investment portfolios to new users

Paytm Money, digital investment platform of One97 Communications, says it aims to introduce stockbroking to everyone. Including those — auto driver, corner shop owner, millennial crowd — who have never done this.

Like its payments bank, where Paytm targets users who might not have a bank account, Money plans to bring in extremely small packets of broking options. Users could start with Rs 100 investments in stocks.

“We will be starting a stock broking service, depository account for shares, national pension scheme (NPS; it has permission from the sector regulator) and exchange-traded funds this financial year. We are aiming for a million