Morningstar Investment Packs comprise five mutual fund portfolios, each supported by Paytm Money’s risk suitability assessment.

Paytm Money offers Morningstar Investment Packs exclusively on its platform
Money Money Thursday, June 27, 2019 - 18:18

Paytm Money, a wholly-owned subsidiary of One97 Communications that owns Paytm, on Thursday announced the launch of ‘Morningstar Investment Packs’ exclusively on its online platform.

Paytm Money has entered into an agreement with Morningstar Investment Adviser India, which is part of Morningstar Inc, a renowned global financial services firm, to offer investment portfolios to customers on the former’s platform. Investors can visit the Paytm Money app to access Morningstar Investment Packs. Morningstar has incorporated its globally recognised asset allocation and fund selection expertise in creating these Investment Packs, which aim to help investors achieve their long-term financial goals.

Morningstar Investment Packs comprise five mutual fund portfolios, each supported by Paytm Money’s risk suitability assessment. Based on their individual risk profiles, investors will be recommended appropriate investment packs on Paytm Money.

The investment packs are aimed at investors with Low Risk, Conservative, Moderate, Growth and Aggressive risk appetites — each pack consisting of three to five Morningstar Analyst Rated funds. Paytm Money will provide investors with the option of investing through SIP or lump sum mode. Morningstar will periodically monitor and review the chosen packs.

Morningstar Investment Packs have been designed keeping in mind first-time investors who require assistance in selecting mutual funds for long-term wealth creation. This service is being offered free of cost to users of Paytm Money along with a free risk assessment.

Aditya Agarwal, MD and Country Head for Morningstar in India, said, “We are delighted to associate with Paytm Money and offer our expertise in asset allocation and fund selection to their investors. Over the last couple of years, the Indian mutual fund industry has witnessed significant growth. We hope to encourage more and more retail investors to invest in mutual funds, and help them meet their investment goals.”

The company is rapidly innovating its offerings by introducing investor-friendly features such as Portfolio Top-up, Investment Packs, Single Payment experience for SIPs and UPI-based payments, among others, to make investing simple and seamless for all investors.

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