Paytm’s wholly-owned subsidiary, Paytm Money, has launched a portfolio management services (PMS) marketplace for its high net worth retail investors (HNIs). The marketplace was launched with PMS Bazaar, which is a PMS consulting startup.
PMS is an investment service offered to HNIs. SEBI has mandated a minimum investment of Rs 50 lakh for PMS. Paytm said that since the investment sum is huge, investors like to evaluate their options in detail, but evaluating the multitude of programs offered by different management companies takes time. Also, not all details are publicly available, which makes comparison difficult.
The Paytm Money PMS Marketplace offers key parameters for each system, including total assets, inception date, benchmark, and fund manager details. It also shows the performance of plans over multiple time horizons, allowing investors to compare plans. Investors can also schedule calls with advisors to fully understand the investment process and risks.
“Thus, the marketplace is leveraging technology to provide a 360-degree view of all plans on a single platform while providing a personalized understanding of individual plans,” Paytm said.
Varun Sridhar, CEO of Paytm Money, said, “At Paytm Money, we have leveraged technology to make investing and trading efficient and transparent. Extending the same to HNI investors, we have partnered with PMS Bazaar to launch PMS Marketplace, providing a one-stop-shop. Data availability, technology-driven products, direct access to PMS experts leading to greater trust will bring us closer to making Paytm Money the most loved wealth management platform in India.
PMS Bazaar Founder and Director, R Pallavarajan, called this a one-of-a-kind strategic link that will herald a new dawn in the PMS space.
At first, PMS Marketplace will be available to select users, after which it will be fully rolled out.
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