Curie Money has partnered with ICICI Prudential Asset Management Company to offer a unique feature for investors in India. This partnership enables instant redemption of mutual fund investments through UPI, allowing investors to access their funds instantly without lock-in or penalties. Investors can instantly withdraw up to 90% of their liquid mutual fund balance, up to a maximum of ₹50,000 per day, and use it for UPI payments.
Liquid mutual funds, a category of debt funds, primarily invest in government bonds, treasury bills, and other short-term securities. These funds are safe investment options that offer better returns than traditional savings accounts and are less affected by stock market fluctuations.
This service from Curie Money and ICICI Prudential Asset Management Company gives investors the stability of their investments, along with the ability to access their funds instantly. This new feature bridges the gap between investment and spending, providing investors with greater flexibility in digital finance.
With approval from the National Payments Corporation of India (NPCI), this UPI service is now available for Android and iOS users. Founded by Curie Money founders Arindam Ghosh and Tushar Chaudhary, the platform offers investors a seamless and reliable financial experience.
Overall, this new initiative represents a major transformation in the Indian digital financial sector, providing investors with better returns and instant cash flow. This partnership makes investing more profitable, convenient, and quick for investors.
