Paytm's wholly-owned subsidiary Paytm Money opens F&O trading at Rs 10

Paytm's wholly-owned subsidiary Paytm Money has opened Futures & Options trading for all. The reason to introduce it is to empower the masses with F&O trading as an important wealth management product, the company said.

Paytm Money said that it had received an overwhelming response for F&O trading on its platform with over one lakh requests for its Early Access Program.

Enabled users with the lowest and most competitive brokerage at Rs 10 for F&O, which is in line with its intraday charges of Rs 10, and zero for delivery, the company added.

The company said in a statement, "The pricing disruption will benefit experienced as well as first-time traders to seamlessly trade in futures & options with a best-in-class product, on their mobile and in a secure environment. The F&O platform has seamless UI and easy onboarding that makes F&O trading accessible and feasible for every Indian."

The company witnessed massive interest coming from tier-III, tier-IV, and the rest of India towns in F&O trade during the Early Access Program. It has also seen a rise in interest in wealth products in the user base below the age of 30 and women investors.

Paytm Money's target is to make hassle-free trading for all Indians, be it seasoned traders or new to a market investors by offering them the flexibility to invest and trade via both the app and its website, the company said.