The process of starting a Gold SIP is simple and needs to be done only once. Thereafter, a specific amount will be deducted from your account at regular intervals.
PhonePe 24K gold SIP: Digital payments company PhonePe has announced the launch of Systematic Investment Plan (SIP) for investing in gold. Under this plan, users can now invest a specific amount every month in 24 carat gold. Under this scheme, investors will have complete control over their gold and they can sell it at any time and get money directly in their bank account.
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What is special about this plan?
Gold SIP can be invested through Unified Payments Interface (UPI) on PhonePe. The process of starting a Gold SIP is very simple and needs to be done only once. Thereafter, a specific amount will automatically be deducted from your account at regular intervals. Under this, users can start investing from as low as Rs 100 per month. Currently, Grow and MobiKwik are some of the other platforms where there is an option to invest in gold through SIP.
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Terence Lucien, Head of Investment, PhonePe, said, “PhonePe aims to introduce products and offers that meet the diverse investment needs of its 380 million users. As Indians are looking for smarter ways to buy gold, we are happy to offer our users the option of starting a Gold SIP through UPI. Users will be able to make small and regular monthly investments in PhonePe’s Gold SIP. Through this one can invest in long term without any hassle while buying 24K gold.