New Delhi. PhonePe, a digital payment app that distributes mutual funds with tax-saving funds, has partnered with more than 20 Indian mutual fund companies in 2019. Through this partnership, Payment App is providing all types of mutual fund products. PhonePe has made it very easy for investors to invest in mutual funds.
PhonePe provides simple investment solutions to ordinary investors that help them make decisions. This is why a large number of Tier-2 and Tier-3 city investors are associated with PhonePe. Let’s take a look at the 5 features of PhonePe that make investing easy.
Paperless investment process
The biggest hurdle for investors to start investing in is the documentation for the KYC, purchase, nomination process. Realizing this problem for investors, PhonePe has made the whole process of investing in mutual funds, including KYC, completely paperless. This process takes a few minutes to complete via PhonePe.
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SIP registration in 5 seconds
SIP is considered as the best investment option among Indian investors. It is believed that this is the best way to raise large sums of money in the long run. However, starting a SIP is quite difficult and time consuming. With the launch of India’s first UPI based SIP, PhonePe has made it very easy to launch a SIP. An investor can register in just 5 seconds with UPI SIP.
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Accurate information access
Most investors have very limited access to information about mutual funds. They have to face many difficulties to start investing. PhonePe makes it easy to access good investment information. Not only that, it also provides educational videos and short articles for investors. With this, people in small towns, like Tier-1, can get information about mutual funds.
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Helps to select funds
To help people with the investment process, PhonePe has created features like investment widgets and lists to suggest the best performing mutual funds across different categories. These can make the decision easier for new investors.
The investor has complete control over the investment
With PhonePe, investors can view their investments anytime and anywhere. This gives them complete control over their investments. With it, the investor can execute his investment decision with just a few clicks. This can be especially effective in volatile markets.
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