Bajaj Finserv AMC Launches ‘Pay with Mutual Fund’ via UPI:
Bajaj Finserv AMC has unveiled a groundbreaking feature that bridges investing and daily payments—the ‘Pay with Mutual Fund’ facility. In collaboration with fintech firm Curie Money, this innovation allows investors to use their mutual fund units to make UPI transactions, seamlessly blending the world of asset growth with real-time spending needs.The new feature enables investors to scan any UPI QR code and make payments directly using their mutual fund investmentsThe transaction is routed via the investor’s bank account, while the underlying amount is redeemed from a liquid mutual fund in real time.This system allows investors to keep their funds growing at higher returns compared to a traditional savings account, while still enjoying instant liquidity for day-to-day transactions.
