UTI Mutual Fund and Multipl launch ‘Investment UPI’, creating new category of investment-led spending
UTI Mutual Fund and Multipl launch ‘Investment UPI’, creating new category of investment-led spending • New category enables spending balances to remain invested in a liquid mutual fund while being accessible for UPI payments, bill payments and brand gift cards September , 2026, Mumbai: UTI Mutual Fund, one of India’s leading fund houses, in collaboration with Multipl launches ‘Investment UPI’, at the Global Fintech Fest 2026. This offering enables users to keep their spending money invested in liquid mutual funds while accessing it instantly for everyday UPI payments. The proposition addresses a familiar consumer behaviour – money set aside for everyday or near-term expenses is typically spent within weeks yet sits in a deposit account for the entire period in between. Investment UPI seeks to bridge the traditional separation between investing and spending. Unlike a wallet, which holds prepaid money, or conventional UPI, which draws from a bank deposit, Investment UPI chang...