What is WealthBasket on PayTM Money
What is WealthBasket?
A WealthBasket is an investment portfolio created and managed by SEBI licensed professionals. WealthBasket are an optimal combination of equities and /or ETFs that drive low-cost, diversified, short to long-term wealth creation opportunities for the retail investor.
WealthBaskets are highly researched portfolios of stocks or ETFs created by SEBI licensed professionals.
With WealthBaskets, you can explore different portfolios as per your goal, theme, investment strategy or idea, & risk-taking capability.
How are WealthBaskets classified?
WealthBaskets are classified as per their -
1. Risk involved (Volatility)
2. Market Capitalization
3. Tenure
Type of WealthBaskets?
WealthBaskets are based on different strategy models and themes such as
1. Long Term
2. Short Term
3. Sectorial (ex - Pharma, Banding and Finance), Thematic (ex - Make in India, Digital India), asset allocation based etc.
Sectoral WealthBaskets -
Sectoral WealthBaskets will help you with investing in a particular sector lets take an example of pharma sector, you may want to bet on pharma but are not sure about which stocks to invest in. The professionals have created a portfolio of these pharma companies that could outperform others.
Thematic WealthBasket-
You can invest in a theme-based WealthBasket. For instance, you believe in the Make In India initiative. So you can invest in the Make In India WealthBasket which is a portfolio of stocks of companies that stand to benefit from this increased focus on manufacturing.
What are asset allocation WealthBaskets?
Asset allocation portfolios are a recommended mix of different asset classes that are based on a risk profile. Balanced Hybrid is an excellent example of an asset allocation-based WealthBasket.
Interested in Long-Term Wealth Creation?
You can choose WealthBaskets that have a long-term investment period. The platform offers several WealthBaskets with different underlying strategies and models for long-term investment.
Can I implement a core-satellite strategy for short and long-term benefits?
Yes, WealthBaskets that are more passive and long term focused in nature become your core portfolios for wealth creation, and other tactical and short term focused WelathBaskets act as satellites that could potentially give you higher returns to boost your overall portfolio.
What are You Waiting For? Pick Your WealthBasket through Paytm Money Now!