This fintech is turning mutual funds into instant payment wallets—but will users bite?
Last Update Date: 06-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar said such platforms act as market makers by supplying liquidity through liquid funds, and pointed out that they would need more fund house tie-ups and bank integrations to grow.
More of Abhishek's views on mutual funds
The article looks at a fintech startup that lets users fund UPI payments by redeeming liquid mutual fund units into a linked bank account. It covers the regulatory grey area, user hesitation, tax treatment compared with savings accounts and deposits, and the per-fund-house cap on instant redemption.
Publisher source
This fintech is turning mutual funds into instant payment wallets—but will users bite?