FINANCE

HDFC Bank launches Instant SIP for quick mutual fund investments

With Instant SIP, users can start investing without delays, allowing them to capitalise on favourable market conditions right away.

HDFC Bank has unveiled new updates to its SmartWealth app, introducing features aimed at making investments simpler and securing your financial future. Among the new additions is the Instant SIP, designed to help users take immediate action and invest in mutual funds the same day they spot an opportunity.

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With Instant SIP, users can start investing without delays, allowing them to capitalise on favourable market conditions right away. This feature offers agility for those who want to react swiftly to market shifts and ensure that they are getting value for their hard-earned money.

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In addition to Instant SIP, the Unified Dashboard has been revamped to provide a consolidated view of all investments—whether in mutual funds, demat accounts, or fixed deposits—giving users a clearer understanding of their overall financial health. This holistic approach simplifies money management, ensuring users stay informed and in control.

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The Streamlined Deposits feature has been enhanced to provide quicker, more intuitive deposit booking, allowing users to effortlessly select their preferred bank branches. Customers can also access the best interest rates upfront.

With these updates, SmartWealth helps ensure your investments are as agile and informed as possible, keeping you on track for a secure financial future, the bank stated in a press release.

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