Digital payments platform, PhonePe has launched 7 new mutual fund categories to offer greater investment options to the customers.
The newly launched categories along with Super Funds launched in May ’20 and Liquid Funds launched in Jan’20 will now be offering a comprehensive set of choices for investment to more than 230 million registered PhonePe users, who will now get the choice to either opt for a solution that is completely handled by experts through Super Funds or form their own portfolio via curated mutual fund schemes across nine categories.
The categories are Large cap, Mid and Small cap, Diversified Funds, Index Funds, Hybrid – Aggressive & Dynamic Asset Allocation, Debt, Liquid and Tax Saving Funds.
With the launch of the new categories, PhonePe is aiming to cater the investors who are looking to attain greater control and flexibility in forming their own investment portfolio to match their life goals and investment style.
Terence Lucien, Head of Mutual Funds & Gold at PhonePe, said, “At PhonePe, we have always focused on introducing use case driven products to help our customers achieve their financial goals. We launched Super Funds in May this year to assist investors who prefer a comprehensive solution fully managed by experts. The launch of these 7 new curated sets of Mutual Fund categories will cater to investors who want greater flexibility and control in building their own investment portfolio. We are confident that our latest set of offerings will cater to the aspirations of every Indian by allowing them to grow their wealth and meet their financial aspirations.”