Lemonn expands services, launches zero-commission Mutual Fun

India, 21 May 2024:PeepalCo’s latest offering, Lemonn has launched Mutual Fund funding service on the app to help new patrons diversify their investments. This marks a serious step in route of the company’s purpose of evolving proper into a whole wealth-tech participant.

Users can put cash into mutual funds immediately and commission-free on Lemonn and start with as little as INR 100. They can also monitor their investments made on third-party apps using the Portfolio Import attribute. The app presents schemes from over 40 fund properties, along with principal AMCs akin to HDFC, SBI, Axis, to name just some.

Speaking on the announcement, Devam Sardana, Business Head, Lemonn, talked about “Our purpose is to empower first-time patrons to attain a deeper understanding of the funding panorama. Thus, Introducing mutual funds on Lemonn is a pure step forward for us. The speedy progress of India’s mutual funds commerce, outpacing worldwide areas similar to the US, Japan, and China, underscores a clear and rising demand. This demand can be extra enhanced by offering simple, clear, and cheap merchandise.”

Only each week prior, the platform launched Futures and Options (F&O) shopping for and promoting with zero shopping for and promoting brokerage for equity patrons. Lemonn is an funding app, launched remaining month by PeepalCo, a house of producers establishing wealth tech merchandise for India. The app is designed to simplify the tactic of discovery and decision-making for model spanking new patrons and likewise expert patrons.