Paytm Money had more millenials, women investors in the past one year

Average investment per user on Paytm Money is over Rs 70,000, with over 64% investing in mutual funds, 28% in equity, and the rest in digital gold

As much as 60 per cent of stocks and mutual funds platform Paytm Money users are below the age of 30, its annual report "How the young Indian millennial invests," has revealed.

Paytm Money is a wholly-owned subsidiary of initial public offering-bound Paytm. The report details out how Paytm Money users invested in various wealth products on the platform over the last year.

The report found a rapid increase in the number of women investors on the platform, and women invest double the money of male investors.

The average investment per user on Paytm Money is over Rs 70,000. While