Which is the first digital investment platform to launch UPI based AutoPay functionality for its MF SIP Investments in India?

PhonePe

Paytm

Google Pay

MobiKwik

Correct Answer : PhonePe

* PhonePe became the first digital investment platform to launch UPI based AutoPay functionality for its Mutual Fund (MF) Systematic Investment Plans ( SIP) and offerings in India. The UPI AutoPay function will be available for existing as well as new investors on PhonePe app.

* SIP is an investment route offered by Mutual Funds. In SIP, one can invest a fixed amount in a Mutual fund scheme according to their will at regular intervals.

* SIPs are open-ended. Customers can initiate, pause, restart and terminate SIP at any time.

* PhonePe was founded in 2015 and was later acquired by Flipkart in 2016. Its headquarter is in Mumbai and Sameer Nigam is the current CEO of PhonePe.

Published On : August 4, 2021

Recently Updated Current Affairs

Q .

Which state/UT had the highest percentage of women electors in the 2024 Lok Sabha Elections?

Kerala

Tamil Nadu

Puducherry

Andhra Pradesh

Correct Answer : Option (C) - Puducherry

* Puducherry led the nation with 53.03% women electors in the 2024 Lok Sabha Elections, making it the state/UT with the highest percentage of women electors.

* This significant milestone highlights the territory's efforts towards promoting inclusivity and gender equality in the electoral process.

* The achievement is particularly notable, considering the overall increase in female electors and their participation in the elections.

Published On : December 31, 2024

Q .

Which country's parliament impeached Acting President Han Duck-soo on December 27, 2024?

Laos

Japan

Thailand

South Korea

Correct Answer : Option (D) - South Korea

* South Korea's parliament impeached Acting President Han Duck-soo on December 27, 2024, amid growing dissatisfaction over his refusal to appoint three judges to the Constitutional Court.

* This event followed the impeachment of President Yoon Suk Yeol on December 14, 2024, after he briefly imposed martial law.

* The impeachment of Han marked a historic moment as it was the first time an acting president in South Korea was impeached.

* The political crisis significantly impacted the country, contributing to economic instability, with the Korean won reaching its lowest value in nearly 16 years.

Published On : December 31, 2024

Q .

Where is the Kagyed Dance Festival, a significant Buddhist celebration, prominently held?

Ladakh

Sikkim

Himachal Pradesh

Arunachal Pradesh

Correct Answer : Option (B) - Sikkim

* The Kagyed Dance Festival is a major Buddhist celebration in Sikkim, held annually at Tsuklakhang Palace in Gangtok.

* Featuring traditional Cham dances performed by masked monks, the festival symbolizes the destruction of evil forces and the welcoming of peace and prosperity.

* Rooted in Tibetan Buddhism, it attracts locals and tourists alike, showcasing Sikkim's rich cultural and spiritual heritage.