11 fund houses sign up with Paytm Money as platform to go live this month

These account for 62% of industry assets; others working to reach an agreement

With Paytm’s mutual fund (MF) foray around the corner, 11 fund houses, accounting for 62 per cent of industry assets, have completed the paperwork and have been empanelled with Paytm Money. 

The asset management firms to have signed up with the MF distribution platform include large-sized fund houses like ICICI Prudential MF, HDFC MF, Reliance MF, UTI MF, as well as relatively smaller fund houses such as Invesco MF, Mirae AMC and Mahindra MF. 

Most of these firms have confirmed the development. 

Manish Mehta, head of sales, distribution and marketing at Kotak MF, said: “Paytm has tied-up with around a