 "Paytm Money to offer curated ETFs in tie-up with investment startup")
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, Paytm Money 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 Paytm Money CEO, Varun Sridhar.
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