How will UPI MDR impact stock market investments from Oct 15?

UPI payments for mutual funds, securities and stockbrokers will attract an MDR of 0.02%, capped at ₹300 per transaction, from October 15. The direct impact on retail investors making regular long-term investments is expected to remain limited, as brokers and AMCs may absorb the cost. SIP investors using UPI AutoPay will face no additional MDR under the new framework.