Listen to this article
IDFC Mutual Fund has enabled UPI Autopay for SIPs. This means, investors can set up their SIPs in schemes of IDFC MF through any UPI based app.
The fund house said that investors can register any of their UPI ID like Google Pay, Phone Pe or BHIM on IDFC MF portal through one-time authentication. Investors can also use UPI based apps to pause or modify their SIPs.
"IDFC Mutual Fund is glad to pioneer UPI AutoPay in the mutual fund industry aimed at reducing the wait time between registration and commencement of investments via SIP. Additionally, investors can easily pause, modify, or cancel the mandate through the application, as the need arises. This will stop potential investors from losing interest or deferring their investments," said Vishal Kapoor, CEO, IDFC AMC.
