ABSL MF ties up with fintech platform to facilitate instant withdrawal facility to MFDs’ clients

Aditya Birla Sun Life Mutual Fund has tied up with fintech platform REDvision to facilitate instant withdrawal facility in liquid fund for MFDs and investors.

User MFDs can integrate this new facility called ‘Online ATM’ on their website. Through this facility, their clients can redeem up to Rs 50,000 or 90% of invested amount, whichever is lower.

A. Balasubramanian, MD & CEO, Aditya Birla Sun Life Mutual Fund said, “We believe, liquid fund is a great steppingstone to one’s mutual fund journey. It gradually develops the confidence on mutual funds as investment tools to not only meet short-term but also long-term goals and what better than having an option to redeem instantaneously which can meet the emergency needs of an investor.”