PayTm planning to launch a money market mutual fund, will it help a consumer?

PayTm is planning to launch a Money Market mutual fund, as reported in news today.

For a long time it was being speculated that PayTm will foray in the mutual fund space as a distributor i.e. they will allow PayTm account holders to invest in any mutual fund schemes and earn commission from the Asset Management Companies (AMC) i.e. the ones who operate this mutual funds – ICICI, Reliance, HDFC etc. However, this move by PayTm is unprecedented and definitely a shocker Continue reading “PayTm planning to launch a money market mutual fund, will it help a consumer?”