MobiKwik and Reliance Nippon Life AMC tie up to launch ‘Kwik Save’ for extra returns

MobiKwik today announced a strategic partnership with Reliance Nippon Life Asset Management (RNAM) to launch ‘Kwik Save’, a unique investment product in the liquid fund category, with an instant redemption feature. Kwik Save is a feature on the MobiKwik app in the Mutual Funds section that allows investors to earn higher interest than their bank fixed deposits or savings bank accounts by parking their excess funds into Reliance Liquid Fund. With a click or two, users can sweep amounts as little as Rs. 100 from their bank account into Kwik Save and yet have instant access to their money through a 24x7x365 Instant Redemption feature where funds are credited back to the customer’s bank account in less than a minute.