

MF Investment: Now invest in zero-commission mutual funds with as low as Rs 100
PeepalCo’s latest offering Lemonn has launched Mutual Fund investment service on the app to help new investors diversify their investments. This marks a significant step towards the company’s goal of evolving into a comprehensive wealth-tech player.
Users can invest in mutual funds directly and commission-free on Lemonn and start with as low as Rs 100. They can also track their investments made on third-party apps using the Portfolio Import feature.
The app offers schemes from over 40 fund houses, including major AMCs such as HDFC, SBI, and Axis, to name a few.
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Speaking on the announcement, Devam Sardana, Business Head, Lemonn, said, “Our goal is to empower first-time investors to gain a deeper understanding of the investment landscape. Thus, introducing mutual funds on Lemonn is a natural step forward for us.”
“The rapid growth of India’s mutual funds industry, outpacing countries like the US, Japan, and China, underscores a clear and growing demand. This demand can be further enhanced by offering simple, transparent, and affordable products,” he added.
Only a week prior, the platform had introduced Futures and Options (F&O) trading with zero trading brokerage for equity investors.
Lemonn is an investment app, launched last month by PeepalCo, a house of brands building wealth tech products for India. The app is designed to simplify the process of discovery and decision-making for new and experienced investors.
Read on financialexpress.com