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Paytm Money gets regulatory nod to sell investment products

Indian e-commerce company Paytm said its subsidiary, Paytm Money, received approval from the Securities and Exchange Board of India to be a registered investment adviser, Press Trust of India reported March 7, citing a company statement.

The platform will have a limited rollout of investment products, including mutual funds.

The company is currently working with compliance and regulatory authorities in conforming to know-your-customer norms under SEBI regulations.