Chennai: PhonePe, a digital payments platform, has announced the launch of 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, a press release said, has partnered with Aditya Birla Sun Life Mutual Fund (ABSLMF), one of the leading investment managers in India to launch this unique product.
The Super Fund is powered by Aditya Birla Sun Life Financial Planning Fund of Funds (FoF) that identifies and invests in top funds across various categories and asset management companies (AMCs). The Fund also allows users flexibility to choose between the three options – Aggressive, Moderate and Conservative – based on the user’s investment style and risk comfort.
For example, if a user is an aggressive investor, s/he can choose the Aggressive option which has a higher proportion of equity funds.