Mumbai: This could be the Jio moment for India’s Rs22 trillion mutual funds industry. Asset management companies, which have as many as 18 million investors, are about to get a distributor in Paytm, which boasts of a customer base that is more than 16 times bigger.
Paytm, which claims to have a user base of more than 300 million, is set to kick off its mutual funds distribution business with the launch of its digital platform by the end of April.