Wizmo | Invest as you spend

About Wizmo | Invest as you spend

What’s Motilal Oswal Wizmo has to offer?

Wizmo a unique concept that’s fun, easy, and more importantly — completely effortless. We call it 'Round-ups' led Mutual Fund Investments.

How Motilal Oswal Wizmo & Round-Ups Works?

On app launch you would be requested permission to access the SMS on your mobile phone. On receiving permission, you need to open a zero balance mutual fund investment account as per regulation and register a one-time bank mandate with Motilal Oswal Mutual Fund to initiate Mutual Fund Investments.

How Round-ups work

When you do an online purchase transaction, say you order a pizza from Zomato or take an Uber ride for ₹370, our smart algorithm designed to read the debit transaction SMSes only will be used to round up your purchase to ₹400 (virtually) and thus you have an option to invest the extra ₹30 in a Motilal Oswal Mutual Fund of your choice.

These amounts would be counted as your savings. Once it reaches an amount of ₹500 you will get an option to invest in a Motilal Oswal Mutual Fund of your choice.

For round-ups to work, we need SMS permission:
For automatically tracking and rounding up your expenses via transaction SMS on phone
Also, we will need Camera and Storage permission:
To click selfie & other proofs required for KYC verification
How Round-Ups is calculated?

To calculate your Round-ups, we use Smart SMS algorithm and request your permission to access the SMS on your mobile phone. Only debit transaction SMSes are utilised for round ups to work.

Top reasons to install Wizmo today.

Invest as little as ₹500 (after the virtual round-ups reach the min limit). .
You don’t need thousands to get started. Start small till you feel comfortable investing bigger amounts. .

Easy withdrawals.

Withdraw anytime and the money will be in your bank account in 5-7 working days. No questions asked..

Pause your debits anytime.

Have a big expense coming up? Pause and your Round-up debits will stop. Un pause whenever you feel ready. .

No financial jargon.
If terms like alpha, beta, NAV, PE make your head hurt, you're not alone. We explain concepts using examples everyone can understand.

We’re excited to help you begin your investing journey and look forward to supporting you every step of the way!

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.