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Mobikwik targets first-time investors with ‘Kwik Save’

Kwik Save is a feature on the MobiKwik app in the Mutual Funds section that allows investors to invest their savings in a low-risk fund with higher returns than their bank fixed deposits or savings bank account by parking their excess funds into Reliance Liquid Fund. Most savings bank accounts give an annual interest of 3.5% to 4%. With inflation hovering around 3.5%, a customer’s savings bank account could result in a loss.