look news india
Yes, Sodexo Tapp (Sodexo tap), a well-known platform that allowed investors to invest directly in mutual funds, is now on the verge of closure. This news is a matter of concern for thousands of investors, especially for those whom corporate companies were given incentives or bonuses to their employees through sodexo tapp and people used to invest in mutual funds through this.
Why is Sodexo Tapp closing?
The company operating Sodexo Tapp has been acquired by Axis Bank’s Mutual Fund Arm, Axis AMC. Due to this acquisition, now Sodexo Tapp platform is shutting down its services.
What is the danger on your money?
The most important thing is that if you have put your money on this platform and do not take any action, then your hard earned money can drown! Yes, the deadline of 31 May 2024 is getting near. This means that you have to remove all your funds from Sodexo Tapp before this date and transfer it safely.
What should you do?
You have only 31 May 2024 It is time to time! You will have to check your Sodexo Tapp account as soon as possible and will redeem your funds. This money will be transferred directly to your registered bank account.
If you do not want to capitalize on funds and continue investing, you can transfer these funds to another popular mutual fund platform (such as Grow, Zerodha, Finity, etc.). It is your responsibility to ensure that your money is safe.
What will happen if you miss?
If you do not remove or transfer your funds by the time limit of May 31, 2024, then your hard earned money may be stuck forever or it can be extremely difficult to get it back.
So, if you have ever invested in mutual funds through Sodexo Tapp or are still stuck in your money, then check your account immediately and take necessary steps without delay! Protect your investment.