New Delhi, Aug. 24 -- Popular online gaming platform Dream11's parent company, Dream Sports, is reportedly planning to launch a personal money management app called Dream Money.

The app will allow investors to invest in gold and fixed deposits and track their spending, according to a report by Moneycontrol.

The latest move is expected to assist the company to diversify its business following the suspension of all paid contests on Dream11. It has now shifted completely to free-to-play online social games to comply with the Promotion and Regulation of Online Gaming law, which received Presidential assent on Friday. The new law bans online games played with money.

Dream Money allows users to purchase gold or establish a SIP (Systematic In...