Pay with Mutual Fund: Bajaj Finserv AMC’s UPI Spending Feature
Why in the news
A first-of-its-kind facility joins investing with everyday spending, so money keeps earning while staying usable.
Key facts
- How it works: scanning a UPI QR code triggers an automatic background redemption from the fund to the bank account.
- Limit: Insta Redemption allows up to ₹50,000 or 90% of the holding, whichever is less.
- Returns: liquid funds typically earn more than a savings account.
- Partner: Curie Money.
Exam angle
- Launched by: Bajaj Finserv AMC.
- Payment rail: UPI.
- Facility used: Insta Redemption.