Paytm Money records over Rs 70,000 average investment from 2.1 lakh demat account holders

Digital financial services firm Paytm Money recorded an average investment of over Rs 70,000 per Demat account holder in FY21, with millennials leading the segment, according to an annual report data published in a Paytm blog. According to the report, Paytm Money has opened 2.1 lakh demat accounts till March 31, 2021, of which 80% were below 35 years of age.

“In the last one year, we have seen a transformation in the way our users invest. Through education, open dialogue on investments, we have been able to open up more users to the idea of wealth creation along with products that help in building a strong portfolio. We believe that wealth management in the country needs to be democratised, embraced, and adopted by all,” Paytm Money CEO Varun Sridhar said.