Paytm Money approved as Investment Advisor by SEBI

Paytm has been officially approved by Securities and Exchange Board of India (SEBI) for 'Paytm Money Limited' as a registered Investment Advisor. This move will help Paytm to roll out investment related products in the country. Limited products will be rolled out beginning with direct plan mutual fund investments with zero commissions. The company will have a separate application for both Android and iOS.