Paytm partners with startup for PMS foray

Paytm founder Vijay Shekhar Sharma is launching Portfolio Management Scheme (PMS)

The initiative is in collaboration with Mumbai based startup PMS Bazaar

Vijay Shekar Sharma, the founder of Paytm NSE 2.97 percent, is launching a Portfolio Management Scheme (PMS) in collaboration with PMS Bazaar, a Mumbai-based start-up that would develop investment strategies. It will primarily invest in stocks, with big, mid, and small-cap businesses accounting for 95 percent of the assets. Other asset types include gold, exchange-traded funds, and debt.

“At Paytm Money, we have leveraged technology to make investing & trading efficient and transparent,” said Varun Sridhar, CEO, Paytm Money. “Extending the same to HNI investors, we have partnered PMS Bazaar to launch PMS Marketplace, offering a one-stop shop.”

Fee money generated by the business proposal should boost Paytm Money’s revenue. PMS Bazaar will assist rich consumers in selecting the appropriate PMS strategy depending on their risk appetite and investment objectives. When a user submits a request for PMS on Paytm Money, a representative from PMS Bazaar will contact the user and establish a communication. A plan will be delivered to the investor once they have reached an agreement on the approach.

PMS Bazaar has already put in place more than 250 strategies.

“Apart from distribution, PMS Bazaar’s content will help nurture investors and deliver insights, thus boosting industry growth,” said R Pallavarajan, Founder & Director, PMS Bazaar.

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