Investors can from now on Buy Mutual Funds through Digital Wallets
SEBI is mulling to permit investors to buy mutual funds worth up to Rs 50,000 through digital wallets to make it easier for investors to purchase these instruments, especially by young generation. The move would help in speedy and easy transactions, while reducing failures due to payment gateway issues.
Besides, the Securities and Exchange Board of India (SEBI) is expected to put in place regulations for instant withdrawal facility in liquid mutual fund. Also, asset management companies (AMCs) can tie-up with payment banks to provide digital transaction to investors.
These new facilities will help in increasing the penetration of mutual funds and help in channelising household savings into capital markets. It would also provide convenient option to investors to diversify from traditional saving avenue.
SEBI is mulling to permit investors to buy mutual funds worth up to Rs 50,000 through digital wallets to make it easier for investors to purchase these instruments, especially by young generation. The move would help in speedy and easy transactions, while reducing failures due to payment gateway issues.Besides, the Securities and Exchange Board of India (SEBI) is expected to put in place regulations for instant withdrawal facility in liquid mutual fund. Also, asset management companies (AMCs) can tie-up with payment banks to provide digital transaction to investors.These new facilities will help in increasing the penetration of mutual funds and help in channelising household savings into capital markets. It would also provide convenient option to investors to diversify from traditional saving avenue.SEBI is mulling to permit investors to buy mutual funds worth up to Rs 50,000 through digital wallets to make it easier for investors to purchase these instruments, especially by young generation. The move would help in speedy and easy transactions, while reducing failures due to payment gateway issues.Besides, the Securities and Exchange Board of India (SEBI) is expected to put in place regulations for instant withdrawal facility in liquid mutual fund. Also, asset management companies (AMCs) can tie-up with payment banks to provide digital transaction to investors.These new facilities will help in increasing the penetration of mutual funds and help in channelising household savings into capital markets. It would also provide convenient option to investors to diversify from traditional saving avenue.