ZFunds, Gurugram-based wealthtech company empowering Mutual Fund Distributors (MFDs) across India, has announced the launch of UPI AutoPay functionality for Systematic Investment Plans (SIPs) on its platform. Zfunds, the first platform to empower MFDs, lets customers set up SIPs in just three seconds with only a UPI PIN—no paperwork, debit card details, or net banking needed. Introduced in February, the feature has been adopted by approximately 70% of ZFunds partners as their preferred method for client SIP setup.
Currently available for monthly SIPs, the company plans to extend this functionality to daily SIP options in the future. “Our estimates suggest that only 60% of the one-time mandates receive approval, meaning about 40% of all SIPs never begin,” said Manish Kothari, co-founder and CEO of ZFunds.
“I want to congratulate ZFunds for launching UPI mandate for SIP customers,” said Deepak Jain, President and Head—Sales, Edelweiss Mutual Fund. The integration of the autopay feature into the mutual fund ecosystem aligns with India’s broader financial digitization goals. The feature is now live on the ZFunds platform and available for investors nationwide.
