Paytm Money to offer curated ETFs in tie-up with investment startup

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Curated ETFs are based on themes like high dividend-yielding stocks, consumer goods stocks or stocks to benefit from make-in-India theme. They’ve become popularity amid a bull run in the market

Topics
Paytm Money | ETFs

BS Reporter  |  Mumbai 

Last Updated at September 9, 2021 18:18 IST

Paytm Money, an arm of digital payments major Paytm, said it will offer its clients curated investment portfolios on its platform. The services will be offered through a partnership with WealthDesk, an investment startup that offers investment portfolios WealthBaskets. Curated investment portfolios are like exchange traded funds (ETFs) based on certain themes such as high dividend yielding stocks, consumer goods stocks or stocks to benefit from make-in-India theme. These investment vehicles have gained immense popularity amid a bull run in the equity market. “With this, offers retail investors an opportunity to invest in ideas, themes or trading strategies they believe in with low-cost wealth creation strategies, while also removing unnecessary risks,” said CEO, Varun Sridhar.

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First Published: Thu, September 09 2021. 18:18 IST