News From Press Mutual fund platforms tie up with Amazon to offer saving products to customers

Mutual fund platforms tie up with Amazon to offer saving products to customers

The online mutual fund platforms have prescribed a ₹90,000 limit, as they are accepting payments via UPI, which has a ₹1 lakh limit per transaction.

Mint Aug 5, 2020

Orowealth and Kuvera, two online mutual fund platforms have launched savings products that offer a 3% bonus on Amazon Pay Gift Cards. Identical advertisements released by both fintechs asked investors to make a lump sum investment of up to ₹90,000 by 10 September, which would be invested in liquid funds. Users can then redeem the accumulated amount between 1 October and 30 November, upon which, they will get the option to purchase an Amazon Gift Card with 3% extra value.

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