ICICI Prudential Mutual Fund has partnered with Indian money management app Money View to introduce an app-based solution to enable users to save and grow their money.
The collaboration will offer two products known as Savings+ and Tax Saver+, which will be available on Money View’s Green Account platform.
Savings+ has been designed to help users save money regularly for their short and medium term goals, and grow savings by enabling users to park them in Liquid Funds offered by ICICI Prudential Mutual Fund.
The product does not have any exit load or withdrawal penalty, allowing users to withdraw money anytime.
Tax Saver+ will help users save on their tax by investing in Equity Linked Savings Scheme option offered by ICICI Prudential Mutual Fund.
In order to access the new products, users need to create a new account by filling in a paperless application form within the Money View app. The app will allow users to invest, manage their portfolio, and withdraw funds.
Money View co-founder Puneet Agarwal said: "We are excited about our partnership with ICICI Prudential Mutual Fund and the introduction of this new platform is an effort aligned with our core focus to make managing money simple, smart and secure for Indians.
"Our existing app helps people to smartly manage their finances and save more money. With this association, we are now facilitating people to not just Manage and Save but also to Grow with these schemes offered by ICICI Prudential Mutual Fund."