PhonePe has launched Super Funds, a unique and comprehensive solution that invests across multiple top equity, gold and debt funds of different mutual fund companies to help investors create long-term wealth in a safer way.
PhonePe has joined hands with Aditya Birla Sun Life Mutual Fund (ABSLMF), investment management company to launch this unique product.
The Super Fund is powered by Aditya Birla Sun Life Financial Planning Fund of Funds (FoF) that zerp downs and invests in top funds from several categories and asset management companies (AMCs). The Fund also allows users to choose between the three options – Aggressive, Moderate and Conservative on the basis of the user’s investment style and risk comfort.
Terence Lucien, Head of Mutual Funds, PhonePe said, “We are excited to launch this first-of-its-kind comprehensive investment solution in partnership with Aditya Birla Sun Life Mutual Fund. Super Funds will help our 200+ million users create wealth in a simpler and safer way as all the complex investment decisions of finding the right balance between equity, gold and debt; selecting the top funds from over 1,000 options; and continuously reviewing and rebalancing the investments to suit market conditions will be managed by expert Fund Managers. We will continue adding more such solutions to help our users manage their money and fulfill their life’s aspirations in a better way.”
A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC Limitedsaid, “As one of India’s leading Mutual Funds, we are constantly working towards offering investors solutions that meet their financial needs. We are confident that the strong reach and accessibility of PhonePe, coupled with Aditya Birla Sun Life Mutual Fund’s expertise will further mutual fund adoption in India. Customer focus and product leadership are the key values that create a more common thread between us and we look forward to sustainingthis trust while building value for our customers.”