Mutual Fund Pay: In a groundbreaking move for India, fintech firm Curie Money has introduced an innovative feature that enables investors to make UPI payments directly from their mutual funds. With this new technology, users can keep their capital invested in SEBI-regulated liquid mutual funds, and when a payment is necessary, the required amount is swiftly redeemed from the fund and sent to their bank account. This guarantees efficient fund utilization and ensures immediate access while still allowing for growth.
Curie Money’s platform enables users to monitor their investments as they grow continuously. There’s no requirement to sell or withdraw funds, and all payments are completed within minutes through UPI. This means your money is growing every day, and you can access it instantly whenever you need it. This feature is offered in partnership with reputable institutions like ICICI Prudential, Bajaj Finserv AMC, and YES Bank.
What makes this model unique is its ability to connect investment returns with immediate cash flow. It is more lucrative than a conventional savings account, providing annual returns of up to 7%. For urgent payments, funds are redeemed and transferred to a bank account, making the payment process incredibly straightforward and quick.
Additionally, the Curie Money app includes features such as simple KYC processes, secure transactions, and a digital wallet, enhancing its appeal to users. This application sets the stage for intelligent cash management not just for individual investors but also for businesses.
This new advancement in financial technology will serve both Indian investors and consumers well, as it merges everyday spending with savings. Indian consumers can now invest in mutual funds while enjoying the ease of UPI payments and increased returns, further enhancing their financial planning.