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Online money payment app paytm has sent a mail to all your users.
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In which it has been said that it is stopping the sale of mutual funds directly.
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Till now paytm money used to offer direct mutual fund purchase on its own platform.
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But now investors have to use the broker code to transact on the BSE Star platform.
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This gives users a Unique Customer Code (UCC) and a Demat account.
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Paytm said users will have to complete additional KYC steps to migrate by July 25.
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If not, their future investments in MFs including SIPs will be stopped.
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It was told by paytm that we have decided to stop offering advisory services.
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Paytm is integrating with BSE Star, the country's largest mutual fund execution platform.
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So now paytm will provide mutual fund services but it will be under bse.