Chennai, Oct. 15 -- Bajaj Finserv AMC today said an investor can use his mutual fund investment for UPI payments-similar to bank savings account.
According to the company, it has introduced this new feature that allows investors to use their mutual fund investments to make UPI payments.
With 'Pay with Mutual Fund', investors can now enjoy the best of both worlds - their money earns better returns in liquid funds, compared to a traditional savings account, and is instantly accessible for daily expenses.
The redemption limit is in line with the Instant Redemption facility, which allows investors to redeem up to Rs.50,000 or 90% of their investment-whichever is lower-instantly.
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