The Business Bytes
TBB BUREAU
MUMBAI, NOV 11, 2023
Mirae Asset Mutual Fund, one of the fastest-growing fund houses in India, on Friday announced the launch of UPI AutoPay Mandate for SIP registrations.
This is one of its kind Industry initiative jointly developed by Mirae Asset Mutual Fund, KFintech and BillDesk to help investors of Mirae Asset Mutual Fund to register SIP mandate using UPI AutoPay features implifying the overall investment process which reduces the investment time, thereby improving the overall investment experience.
UPI AutoPay allows an investor to automate their recurring Systematic Investment Plan (SIP) payments. The payments will be deducted from the bank account on a particular date.
Mirae Asset Mutual Fund UPI AutoPay facility enables a hassle-free monthly deduction from the investor’s bank account to invest in their desired Mirae Asset Mutual Fund schemes, making the investment process more convenient and disciplined. Investors can now enable recurring e-mandate using all UPI applications supporting UPI AutoPay.
Mirae Asset Mutual Fund’s UPI AutoPay service enables real time SIP mandate set up and investment. Given the ubiquity of UPI as a payment method, this service opens up the SIP facility available to a very large customer base in a reliable and convenient manner.
With digital payments penetrating in India, Mirae Asset Mutual Fund’s Unified Payments Interface (UPI AutoPay) transactions aims to set a record high every month.
