India: After mutual funds, Paytm Money plans foray into share trading

India: After mutual funds, Paytm Money plans foray into share trading

Paytm founder Vijay Shekhar Sharma. Photo: Pradeep Gaur/Mint

Weeks after entering the financial products distribution market with mutual funds, Paytm Money wants to offer shares of listed companies directly to customers. The firm is expected to submit its application within two weeks to either of the two exchanges, BSE and the National Stock Exchange (NSE), said two people familiar with the development, seeking anonymity.

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