What are wealthbaskets?
Wealthbaskets make investments easy!
Simply put, a wealthbasket is a collection of stocks that reflects an idea.
Wealthbaskets allow you to invest in a portfolios of stocks or ETFs, along a theme, strategy or objective. They are specially useful when you feel a certain sector or a theme might do well but are unsure which stocks to pick.
Let us see an example: If I understand the Electric Vehicles are the vehicles which will drive the future and want to invest in EVs to tap the growth potential in the segment. But I do not have the know-how to select which company is good to invest in. So I can leave the difficult part (cherrypicking stocks) to the professionals and invest in the sector with an EV wealthbasket.
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