IDFC Mutual Fund launches UPI mode of payment for investment

IDFC Mutual Fund Wednesday said it has launched a Unified Payment Interface (UPI) mode of payment for making the investment in its schemes.

This is as an additional payment option for its investors. This facility will be available to existing, as well as new investors for lump sum purchases and would subsequently be extended for Systematic Investment Plan (SIP) registrations.

"UPI is expected to change the way consumers transact and is indeed the next step towards a cashless, efficient and secure payment system," IDFC MF Chief Executive Vishal Kapoor said in a statement. "IDFC MF has been trying to simplify the investment process in every way possible."