UPI Payments from Mutual Funds Now Possible, But There's a Catch

• Fintech platform Curie Money integrates mutual funds with UPI, allowing payments from liquid mutual fund units.
• Users can now make UPI payments even without money in their bank account, using funds from mutual funds.
• Liquid mutual funds offer 5-6% returns compared to 2.7-2.75% from savings accounts.
• SEBI allows instant redemption up to Rs 50,000 or 90% of investment from liquid/overnight funds, but hasn't explicitly approved UPI-linked redemptions.
• Funds are first credited to a linked bank account (often a Yes Bank digital savings account via Curie) before UPI payments are made.