The Economic Times

PhonePe Mutual Funds sees 5X growth in Daily SIP transactions driven by demand from smaller cities

PhonePe Mutual Funds onboarded over 500,000 unique investors into its Daily SIP product. Nearly seventy-seven percent of these customers came from tier-two and tier-three cities. Daily SIP transactions increased nearly five-fold between January and June 2026. Younger investors aged eighteen to twenty-nine formed fifty-eight percent of the investor base. This feature allows small, regular contributions, aligning with daily cash flows.