Asset management firm UTI Mutual Fund has tied up with electronic payment solutions provider Visa to provide online payment facility for its investors.
Under this facility, a UTI MF investor can pay directly through his Visa-powered debit cards or SBI debit cards, the fund house said in a statement on Monday.
“We have led several innovations in improving accessibility of our products and services to our investors. The facility of investing through debit cards will further ease the process of transacting in mutual fund units,” UTI MF group president and chief marketing officer Jaideep Bhattacharya said in the statement.
UTI MF currently offers its investors online investment facility to purchase, redeem, switch units and register for systematic investment plans (SIPs) using online banking platform.