PhonePe offers Auto Pay for mutual fund investments

Digital payments company PhonePe today announced the launch of UPI based autopay facility for its mutual fund investment offers.

This will allow customers to set-up their mutual fund SIPs in a matter of seconds, making PhonePe the first digital investment platform in the country to offer this facility, the company said in a statement issued here.

With UPI Autopay, PhonePe customers can set up their SIP in just 3 steps. Select fund, input monthly SIP investment amount, and authenticate with UPI PIN making it a first of its kind experience for millions of users across India. It also furthers PhonePe’s goal to enhance the end-to-end customer experience while meeting their needs in building an investment portfolio of choice.

SIP through UPI autopay option is available for all existing and new investors on PhonePe App.