Bajaj Finserv AMC has unveiled a groundbreaking feature that bridges investing and daily payments—the ‘Pay with Mutual Fund’ facility. In collaboration with fintech firm Curie Money, this innovation allows investors to use their mutual fund units to make UPI transactions, seamlessly blending the world of asset growth with real-time spending needs.
What is ‘Pay with Mutual Fund’?
Investment Meets Payment
- The new feature enables investors to scan any UPI QR code and make payments directly using their mutual fund investments
- . The transaction is routed via the investor’s bank account, while the underlying amount is redeemed from a liquid mutual fund in real time.
- This system allows investors to keep their funds growing at higher returns compared to a traditional savings account, while still enjoying instant liquidity for day-to-day transactions.
How It Works
The facility is based on the Insta Redemption mechanism, which allows investors to,
- Redeem up to ₹50,000 or
- 90% of their investment, whichever is lower, instantly.
Once the user scans a UPI QR code and approves the payment, the redemption process is triggered in the background, and the funds are routed via the bank account to the merchant or payee, ensuring a seamless user experience.
Technology and Partnership
Powered by Curie Money
- To facilitate this real-time integration, Bajaj Finserv AMC has partnered with Curie Money, a fintech platform known for streamlining investment-linked payment solutions.
- Curie’s backend tech ensures that the redemption and transfer happen swiftly without disrupting the investor’s UPI ecosystem.
- This marks a significant innovation in fintech-enabled mutual fund access, making investments as liquid and usable as cash.
Key Facts to Remember
- Feature Name: Pay with Mutual Fund
- Launched by: Bajaj Finserv AMC, with Curie Money
- Mechanism: Uses Insta Redemption—₹50,000 or 90% of MF investment, whichever is lower
- Transaction Mode: UPI via bank account
- MF Type: Primarily liquid funds
- Launch AUM: ₹28,814 crore (as of Oct 2025)
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