There is now a proposal for allowing mutual fund investments to be completed using online wallets. This looks like an effort to ensure that there is an additional non cash option that is provided to individuals when they go out to invest but there are quite some details that need to be considered before jumping in to use this route. Online wallets are finding an increasing use in the new cashless economy in India and its addition for investments has to be considered in the face of its features and whether this is useful for an individual. Here are some points related to online wallets that need attention.
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