Aditya Birla Sun Life Mutual Fund has tied-up with digital payments platform PhonePe to provide savings solution. With this tie-up, users of the payment platform can get more out of their idle money lying in their bank account by investing in Aditya Birla Sun Life Liquid Fund through PhonePe’s mobile application. This is the second such partnership with PhonePe, the fund house already offers a tax saving solution on the platform with its ELSS scheme Aditya Birla Sun Life Tax Relief 96.
Through this partnership the fund house will be able to offer the savings solution to over 175 million PhonePe users. First time investors of PhonePe will benefit from a simplified process which allows for a transaction to be completed in a few minutes via a completely digital Paperless KYC process.
Users of PhonePe can begin investing with Rs 500 with the ability to transfer and withdraw in a few steps. The transaction process is simple, making investment and withdrawal instantaneous.
