Paytm Money Set For Hosting India's First-Ever Retail Investor Focused ETF MasterClass By CIOReviewIndia Team

Paytm Money Set For Hosting India's First-Ever Retail Investor Focused ETF MasterClass

CIOReviewIndia Team | Thursday, 17 December 2020, 14:50 IST

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Paytm, India’s prime digital financial services platform, today on December 17, 2020 announced that its fully-owned subsidiary Paytm Money will host India’s first-ever ETF education conclave “ETF MasterClass – Rise With India”. ICICI Prudential ETF will stand side as the knowledge partner.

It is a two-day event, where a panel of industry experts will talk about ETFs being an important product for wealth creation, and how one can build portfolios with ETF.

The panel of speakers includes domestic and international ETF Master like Ashish Kumar Chauhan- MD & CEO, BSE, Sankaran Naren - ED & CIO, ICICI Prudential AMC, Deborah A Fuhr - MD, ETFGI, Mukesh Agarwal- CEO, NSE Indices, Vishal Jain Head - ETF, Nippon India AMC Sameer Desai -National Lead - ETF, Nippon India AMC and many more.

“We are excited to launch India's first ETF MasterClass with an esteemed group of experts. We continue with our mission to allow Indians to build wealth the right way and with "learn first" as the basic value. ETFs are a great tool as they have the lowest expense ratio when compared to other investment products and are simple to understand. A retail investor can diversify and can get exposure to various asset classes at the lowest cost. We expect over 1 lakh Indians to invest over the next 12 months and thus an education initiative delivered digitally is a great start. We are using technology to educate people on wealth management in a way it has never been done before! I strongly recommend everyone to attend this event because the best in the business would be giving out valuable advice and ETFs are going to be the most popular way of investing in the coming decade," said Varun Sridhar, CEO, Paytm Money said.

Paytm Money said that it has initiated a campaign for promoting ETF as a must-have wealth creation product, which encourage more Indians for investing in them as compared to other available products.

Paytm also added that ETFs are expected in the next 2 years accounting for 20 percent of the overall AUMs for Paytm.

Paytm Money’s immense growing capability prospect gets the company in a position for acclaiming the top investment avenue for Indians as equivalent to the United States and other markets.

“Evolved investors are preferring investments in smart beta ETFs where portfolio constituents are derived on the basis of certain factors such as Low Vol, Alpha, Value to name a few,” said Chintan Haria, Head, Product Development & Strategy, ICICI Prudential AMC.

The conclave will be spanning over six hours in a period over two days which include expert talk, fun games, and prizes. Everyone will be able to participate in the course either from their home/office/mobile.

ETF MasterClass tickets will be available on Paytm Insider for Rs. 99, and all the participants will be awarded a certificate, and free brokerage worth Rs. 500 on Paytm Money.

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