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Instant Mutual Fund Redemption via UPI: Curie and ICICI

15 October 20251 min read
BANKING & FINANCEInstant MutualFund Redemptionvia UPI: Curie andICICI15 October 2025safalsetu.com

Why in the news

A fintech firm and an asset manager joined hands to give investors cash from liquid funds instantly.

Key facts

  • Partners: Curie Money and ICICI Prudential AMC.
  • Instant redemption of up to 90% through UPI; daily cap ₹50,000.
  • No waiting period of 1-2 business days; funds usable at once for UPI payments.

Significance

  • Retail investors gain real-time liquidity without penalties.

Exam angle

  • Fund type: liquid fund.

Test yourself

1. Curie Money and which AMC launched instant mutual fund redemption via UPI?

The partner was ICICI Prudential AMC.

2. What share of the invested liquid fund amount can be redeemed instantly under the Curie Money-ICICI Prudential feature?

Up to 90% can be redeemed instantly.

3. What is the daily limit for instant UPI redemption under the Curie Money-ICICI Prudential AMC feature?

The daily limit is ₹50,000.

This topic is part of Daily Current Affairs 15 October 2025 (16 topics).

All topics of the dayDay quizOctober 2025

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