Paytm Money launches wealth, investment advisory marketplace

New Delhi: Digital payments and financial firm Paytm on Thursday announced that its wholly-owned subsidiary, Paytm Money, is launching a wealth and investment advisory marketplace on its platform to offer curated advisory services and products to retail investors. Paytm Money has partnered with Mumbai-based WealthDesk to offer investment portfolios called ‘WealthBaskets’ as the first step to build up the advisory ecosystem.

A ‘WealthBasket’ is a custom portfolio of stocks and exchange-traded funds created by the Securities and Exchange Board of India (SEBI)-registered investment professionals and users will be able to invest in multiple Wealthbaskets via the free starter pack or by subscribing to premium monthly packs available, the statement said.