{"id":40517,"date":"2025-10-20T18:49:02","date_gmt":"2025-10-20T13:19:02","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=40517"},"modified":"2025-10-20T18:49:04","modified_gmt":"2025-10-20T13:19:04","slug":"pay-with-mutual-fund-upi","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/","title":{"rendered":"&#8220;Pay with Mutual Fund UPI: Bajaj Finserv AMC Launches Instant Redemption Feature for Investors&#8221;"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#%E2%80%9CPay_with_Mutual_Fund_UPI_Bajaj_Finserv_AMC_launches_instant_mutual_fund_redemption_feature_allowing_users_to_make_UPI_payments_directly_from_their_investments_Learn_how_it_works%E2%80%9D\" >&#8220;Pay with Mutual Fund UPI: Bajaj Finserv AMC launches instant mutual fund redemption feature allowing users to make UPI payments directly from their investments. Learn how it works.&#8221;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Introduction_to_%E2%80%98Pay_with_Mutual_Fund\" >Introduction to &#8216;Pay with Mutual Fund&#8217;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#How_%E2%80%98Pay_with_Mutual_Fund_Works\" >How &#8216;Pay with Mutual Fund&#8217; Works<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Collaboration_with_Curie_Money\" >Collaboration with Curie Money<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Benefits_for_Investors\" >Benefits for Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Future_Implications\" >Future Implications<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Why_This_News_is_Important\" >Why This News is Important<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Revolutionizing_Financial_Transactions\" >Revolutionizing Financial Transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Encouraging_Financial_Inclusion\" >Encouraging Financial Inclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Aligning_with_Digital_India_Initiatives\" >Aligning with Digital India Initiatives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Impact_on_Financial_Literacy\" >Impact on Financial Literacy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Potential_for_Industry-Wide_Adoption\" >Potential for Industry-Wide Adoption<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Historical_Context\" >Historical Context<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Evolution_of_UPI_in_India\" >Evolution of UPI in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Growth_of_Mutual_Fund_Investments\" >Growth of Mutual Fund Investments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Technological_Advancements_in_Fintech\" >Technological Advancements in Fintech<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Key_Takeaways_from_%E2%80%98Pay_with_Mutual_Fund\" >Key Takeaways from &#8216;Pay with Mutual Fund&#8217;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#FAQs_Frequently_Asked_Questions\" >FAQs: Frequently Asked Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/pay-with-mutual-fund-upi\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%80%9CPay_with_Mutual_Fund_UPI_Bajaj_Finserv_AMC_launches_instant_mutual_fund_redemption_feature_allowing_users_to_make_UPI_payments_directly_from_their_investments_Learn_how_it_works%E2%80%9D\"><\/span>&#8220;Pay with Mutual Fund UPI: Bajaj Finserv AMC launches instant mutual fund redemption feature allowing users to make UPI payments directly from their investments. Learn how it works.&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bajaj Finserv AMC Launches &#8216;Pay with Mutual Fund&#8217; via UPI<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_to_%E2%80%98Pay_with_Mutual_Fund\"><\/span>Introduction to &#8216;Pay with Mutual Fund&#8217;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Bajaj Finserv Asset Management Company (AMC) has introduced a groundbreaking feature named &#8216;Pay with Mutual Fund&#8217;. This innovation allows investors to utilize their mutual fund investments, specifically liquid funds, to make real-time UPI (Unified Payments Interface) transactions. By linking their mutual fund holdings to their UPI ID, users can now redeem a portion of their investments instantly to complete payments, offering a seamless blend of investment growth and daily spending convenience.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_%E2%80%98Pay_with_Mutual_Fund_Works\"><\/span>How &#8216;Pay with Mutual Fund&#8217; Works<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The process is designed to be user-friendly and efficient:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Linking Accounts<\/strong>: Investors link their mutual fund investments to their UPI ID.<\/li>\n\n\n\n<li><strong>Initiating Payment<\/strong>: During a transaction, the user scans the merchant&#8217;s UPI QR code.<\/li>\n\n\n\n<li><strong>Automatic Redemption<\/strong>: Upon approval, the system triggers an automatic redemption from the investor\u2019s liquid mutual fund holdings.<\/li>\n\n\n\n<li><strong>Instant Payment<\/strong>: The payment is processed instantly, while the redemption amount reflects in the investor&#8217;s account as per settlement timelines.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">This integration ensures that investors can access their funds promptly without the need to manually redeem them beforehand.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Collaboration_with_Curie_Money\"><\/span>Collaboration with Curie Money<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">To facilitate this feature, Bajaj Finserv AMC has partnered with Curie Money, a fintech platform specializing in integrating mutual fund investments with UPI payments. This collaboration leverages UPI infrastructure and is supported through partnerships with ICICI Prudential AMC and Yes Bank, ensuring regulatory compliance and reliability. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_for_Investors\"><\/span>Benefits for Investors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Enhanced Liquidity<\/strong>: Investors can access their funds instantly, similar to a savings account, without compromising on returns.<\/li>\n\n\n\n<li><strong>Seamless Transactions<\/strong>: The integration allows for smooth and quick payments, enhancing the user experience.<\/li>\n\n\n\n<li><strong>Financial Flexibility<\/strong>: Users can manage their investments and expenses through a single platform, offering greater control over their finances.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Future_Implications\"><\/span>Future Implications<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This initiative marks a significant step towards integrating investment tools with daily financial activities. By bridging the gap between investing and spending, Bajaj Finserv AMC is setting a precedent for future innovations in the fintech space. It encourages more individuals to explore mutual fund investments, knowing they can access their funds as needed for everyday expenses.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\" id=\"Pay-with-Mutual-Fund-UPI\"><img decoding=\"async\" src=\"https:\/\/bl-i.thgim.com\/public\/incoming\/i55fqa\/article70170790.ece\/alternates\/FREE_1200\/IMG_iStock-1328967589.jp_2_1_RNA0D68S.jpg\" alt=\"Pay with Mutual Fund UPI\" title=\"Pay with Mutual Fund UPI\"\/><figcaption class=\"wp-element-caption\">Pay with Mutual Fund UPI<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_News_is_Important\"><\/span><strong>Why This News is Important<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Revolutionizing_Financial_Transactions\"><\/span>Revolutionizing Financial Transactions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The introduction of &#8216;Pay with Mutual Fund&#8217; by Bajaj Finserv AMC signifies a pivotal shift in how individuals manage their finances. Traditionally, mutual funds were viewed as long-term investment tools with limited liquidity for day-to-day expenses. This new feature challenges that notion by offering immediate access to funds, combining the benefits of investment growth with the convenience of instant payments.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Encouraging_Financial_Inclusion\"><\/span>Encouraging Financial Inclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By integrating mutual funds with UPI, Bajaj Finserv AMC is promoting financial inclusion. This feature makes it easier for individuals, especially those in rural and semi-urban areas, to access and utilize their investments for daily needs. It simplifies the process of redeeming mutual fund units, making financial services more accessible to a broader population.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aligning_with_Digital_India_Initiatives\"><\/span>Aligning with Digital India Initiatives<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This development aligns with India&#8217;s Digital India campaign, which aims to transform the country into a digitally empowered society. By leveraging UPI, a platform already widely adopted across the nation, Bajaj Finserv AMC is contributing to the government&#8217;s vision of a cashless and digitally inclusive economy.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_on_Financial_Literacy\"><\/span>Impact on Financial Literacy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The &#8216;Pay with Mutual Fund&#8217; feature also serves as an educational tool, encouraging individuals to learn more about mutual funds and their benefits. As users engage with this feature, they become more informed about investment options, potentially leading to better financial planning and decision-making.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Potential_for_Industry-Wide_Adoption\"><\/span>Potential for Industry-Wide Adoption<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This innovative approach has the potential to inspire other financial institutions to develop similar features, leading to a more integrated and user-friendly financial ecosystem. As the fintech industry evolves, such integrations could become standard practice, offering users greater flexibility and control over their finances.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span><strong>Historical Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Evolution_of_UPI_in_India\"><\/span>Evolution of UPI in India<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Unified Payments Interface (UPI) was launched in 2016 by the National Payments Corporation of India (NPCI) to facilitate seamless and instant money transfers across banks. Over the years, UPI has gained widespread adoption, becoming a cornerstone of India&#8217;s digital payment infrastructure. Its success has paved the way for innovative financial products and services that integrate with UPI to offer enhanced user experiences.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Growth_of_Mutual_Fund_Investments\"><\/span>Growth of Mutual Fund Investments<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mutual funds in India have witnessed significant growth, especially in the last decade. The introduction of platforms like SIP (Systematic Investment Plan) has made investing more accessible to the masses. However, the liquidity of mutual funds remained a concern for many investors. The &#8216;Pay with Mutual Fund&#8217; feature addresses this issue by providing instant access to funds, thereby encouraging more individuals to invest in mutual funds.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technological_Advancements_in_Fintech\"><\/span>Technological Advancements in Fintech<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The collaboration between Bajaj Finserv AMC and Curie Money represents the growing trend of integrating financial services with technology. Such partnerships are driving innovations that simplify financial transactions, making them more efficient and user-friendly. This trend is expected to continue, with more fintech solutions emerging to meet the evolving needs of consumers.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_%E2%80%98Pay_with_Mutual_Fund\"><\/span><strong>Key Takeaways from &#8216;Pay with Mutual Fund&#8217;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>S.No<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1.<\/td><td><strong>Instant Redemption<\/strong>: Investors can redeem up to \u20b950,000 or 90% of their investment, whichever is lower, instantly for UPI payments.<\/td><\/tr><tr><td>2.<\/td><td><strong>Seamless Integration<\/strong>: The feature integrates mutual fund investments with UPI, allowing for smooth and quick transactions.<\/td><\/tr><tr><td>3.<\/td><td><strong>User-Friendly Process<\/strong>: Linking mutual fund investments to UPI ID simplifies the payment process, enhancing user experience.<\/td><\/tr><tr><td>4.<\/td><td><strong>Financial Flexibility<\/strong>: Users can access their funds for daily expenses without compromising on investment growth.<\/td><\/tr><tr><td>5.<\/td><td><strong>Promotes Financial Inclusion<\/strong>: The feature makes financial services more accessible, especially in rural and semi-urban areas.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Pay with Mutual Fund UPI<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_Frequently_Asked_Questions\"><\/span>FAQs: Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>FAQs on Bajaj Finserv AMC &#8216;Pay with Mutual Fund&#8217;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Can this feature be used for both online and offline payments?<\/strong><br>Yes, it works for any transaction where UPI is accepted, including both online and offline merchants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What is &#8216;Pay with Mutual Fund&#8217;?<\/strong><br>&#8216;Pay with Mutual Fund&#8217; is a feature by Bajaj Finserv AMC that allows investors to make instant UPI payments by redeeming liquid mutual fund investments directly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How can investors use this feature?<\/strong><br>Investors need to link their liquid mutual fund holdings to their UPI ID. During payment, scanning the merchant&#8217;s UPI QR code triggers an instant redemption to complete the transaction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What is the maximum amount that can be redeemed for UPI payments?<\/strong><br>Up to \u20b950,000 or 90% of the investment, whichever is lower, can be redeemed instantly for UPI payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Which types of mutual funds are eligible for this feature?<\/strong><br>Primarily liquid mutual funds are eligible for instant redemption to make UPI payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Which fintech partner is collaborating with Bajaj Finserv AMC for this service?<\/strong><br>Curie Money is the fintech partner facilitating the integration of mutual fund payments with UPI.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Does this feature affect the returns of mutual funds?<\/strong><br>No, investors continue to earn returns on the remaining invested amount. Only the redeemed portion is used for UPI payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Is this service available for all UPI-enabled merchants?<\/strong><br>Yes, any merchant accepting UPI payments can be paid using this feature.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How does &#8216;Pay with Mutual Fund&#8217; promote financial inclusion?<\/strong><br>It simplifies access to investments for daily expenses, making financial services more accessible in rural and semi-urban areas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Which banks support this feature for settlement purposes?<\/strong><br>Yes Bank and ICICI Prudential AMC support the payment and settlement processes for this feature.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/international\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/railway\/\" target=\"_blank\" rel=\"noreferrer noopener\">Railways Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/defence\/\" target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">News Website Development Company<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Pay with Mutual Fund UPI: Bajaj Finserv AMC launches instant mutual fund redemption feature allowing users to make UPI payments directly from their investments. Learn how it works.&#8221; Bajaj Finserv AMC Launches &#8216;Pay with Mutual Fund&#8217; via UPI Introduction to &#8216;Pay with Mutual Fund&#8217; Bajaj Finserv Asset Management Company (AMC) has introduced a groundbreaking feature&#8230;<\/p>\n","protected":false},"author":6,"featured_media":40549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,144],"tags":[29326,466,24498,29327,3284],"class_list":["post-40517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-economy_finance","tag-bajaj-finserv-amc","tag-financial-inclusion","tag-fintech-innovations","tag-mutual-fund-payments","tag-upi-transactions"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/40517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=40517"}],"version-history":[{"count":3,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/40517\/revisions"}],"predecessor-version":[{"id":40550,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/40517\/revisions\/40550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/40549"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=40517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=40517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=40517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}