Curie Money has partnered with ICICI Prudential Asset Management Company to offer a special facility for investors in India. This partnership enables instant redemption of funds invested in mutual funds through UPI, helping investors get instant access to their money without lock-ins or penalties. Through this, investors can instantly withdraw up to 90% of the money deposited in their liquid mutual funds, up to a maximum of ₹ 50,000 per day, and use it for UPI payments.
Liquid mutual funds, which are a category of debt funds, invest primarily 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 ability to get instant access to their money along with investment stability. This new facility will bridge the gap between investment and expenditure and investors will get more flexibility in digital finance.
With the approval of 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 provides investors with a seamless and trusted financial experience.
Overall, this new initiative brings about a sea change in the Indian digital financial sector, providing investors with better returns and instant cash flow. This partnership makes investing more profitable, easier and faster for investors.