LIC IPO which is opening on May 4th has created a lot of buzz in the investor’s market. While the equity market is down due to Russia-Ukraine war crisis, retail investors are looking up to this IPO with a lot of optimism.
Recently on April 5th 2022, the stock market regulator SEBI permitted that investors can now invest up to Rs. 5 lakhs through UPI. Prior to this change the limits were fixed for up to Rs. 2 lakhs. This is definitely a major step to ease investment in the equity market and promote digital payments.
Encashing on this Paytm Money Ltd. has launched its platform which will allow large ticket investors to place LIC IPO order of up to Rs. 5 lakhs.
This definitely is a big step for the company to attract large size investors and provide opportunity for existing users for higher value investments.
One can open Demat account at Paytm if they do not have it till now and get ready for the LIC IPO. Apart from investment into equity, Paytm platform also offers various other investment options to its customers.