ABCD App Adds Digital Gold SIP from ₹50 a Week
Why in the news
Aditya Birla Capital Digital Ltd (ABCDL) added a systematic investment plan for digital gold to its mobile app.
Key facts
- Product: Digital Gold SIP on the ABCD Mobile App.
- Entry amounts: ₹50 weekly or ₹100 monthly.
- Regular investing aims to gain from rupee-cost averaging and compounding.
- Gold is 24-karat, held in insured vaults run by MMTC-PAMP, a joint venture of Swiss brand PAMP and MMTC, a Government of India undertaking.
- Gifting and SIP options sit on one platform; digital holding avoids theft, loss and making charges of physical gold.
Digital silver
- Backed by 24-karat physical silver; buy, hold or redeem any time.
- Pitched as future-ready because of demand from EVs, solar energy and technology.
Exam angle
- Company: Aditya Birla Capital Digital Ltd (ABCDL).
- Vault partner: MMTC-PAMP.
- Pankaj Gadgil is named as MD and CEO of Aditya Birla Housing Finance Ltd.