Introducing: Multiple SIPs in the same fund, and many other smart features

One of the things that drive our passion is offering products and features that not only simplify investing for you but enhance your experience as well.

Investing via SIP is immensely popular on Paytm Money (80% of our investors are SIP investors) and we work continually to augment your user experience. We are happy to announce that based on your continual feedback we have revamped the SIP investment & management experience on Paytm Money with the addition of multiple features for you to explore.

SIP investments drive discipline, and for that reason, we had restricted every scheme to have just one SIP every month.

One of the most requested features from many of our users (who have been investing for years) has been about having the option to start an additional SIP in their mutual funds.

Since this wasn’t available on Paytm Money- users chose to top-up their investments or made lump sum investments.

This allowed investors to invest a slightly higher amount given the minimum lump sum investment value is usually much higher than the minimum SIP value in the same mutual fund.

It is now simple and easy to start another SIP in your existing Mutual Fund scheme.

Simply, swipe right on your existing invested fund to add a new SIP in the same fund, or swipe left to invest more in lump sum.

This means, with one swipe you go straight to the investment confirmation page.

Here, you may proceed with the same plan or make changes to the amount you wish to invest, or change the mode via which you want to invest.

Time saved and investment made!

If you are concerned about keeping track of multiple SIPs on our app, we have that figured too. In your portfolio, you can view the number of SIPs you have in each fund. SIP x 1 denotes you have a single SIP in a fund, SIP x 2 is indicative of two SIPs in the same scheme, and so on. This makes it easier for you to gauge when you think of adding more SIPs to your portfolio.

With the inclusion of these simple elements, we seek to improve your user experience starting from keeping track of your investments, making multiple investments via SIP or lump sum, and finally, making quick payments to complete your transaction.

And not to forget, you can continue to make lump sum investments via Paytm Money in case you miss your SIPs for any reason.

Last but not least, we have added a small personalized section on the Paytm Money app, called ‘Me’. It shows all the investments/information that requires your attention; this is the best step in our journey with personalization and there is more to come, but for now — just explore the ‘Me’ section:

Our focus at Paytm Money is to make investing simple, convenient and faster for you and we hope these little add-ons will only smoothen your user experience.

For feedback and suggestions please feel free to reach out to us.