Paytm Money to offer F&O trading, eyes daily turnover of Rs 1.5 lakh crore in next 18-24 months

New Delhi: Paytm Money on January 13 said it will provide Futures & Options trading (F&O) on its platform.

Given the limited penetration of stock investments in the country, Paytm sees a high growth trajectory for its stocks broking offering, similar to its mutual fund offerings, Paytm founder and CEO Vijay Shekhar Sharma said.

Paytm Money will charge brokerage at Rs 10 for all F&O trades, which is in line with its intraday charges of Rs 10.

As of now, Paytm Money will offer this service for first 500 users. It will launch the feature on a full-fledged basis in the next two weeks.

Almost 50 percent of mutual funds and stocks investors on Paytm Money’s platform are new to the market.