Paytm Money to offer curated ETFS

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 start-up that offers investment portfolios Wealthbaskets. Curated investment portfolios are like exchange-traded funds (ETFS) based on certain themes. “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.