Dream Sports, the parent company of Dream11, is shutting down its financial services platform, Dream Money. According to an official notice issued by the company, the platform has stopped accepting new customer registrations, fresh investments, and loan applications with immediate effect, while the app will remain accessible until July 30, 2026, for users to view their holdings and account details.
Dream Money Existing Investments Remain Unaffected
In its customer notice dated June 30, Dream Money said it is discontinuing all of its financial services, including digital gold, mutual fund distribution, fixed deposits, and lending. The company clarified that the closure will not impact customers’ existing investments, which will continue to be managed by its respective partners even after the platform goes offline.
The company has also announced that all recurring SIPs on the platform will be cancelled from July 7, 2026. While new investments have been halted, users can continue withdrawing or redeeming their existing investments according to the timelines specified for each product category.
Dream Money users holding digital gold can buy or sell their holdings through the app until July 15. After that, the holdings will be migrated to Augmont, with the migration expected to be completed by July 25. From July 26 onwards, customers will be able to manage their gold investments directly through Augmont.
For mutual fund investors, the company said all investments will continue to remain in investors’ names with their respective asset management companies (AMCs). Customers can either appoint another mutual fund distributor or continue managing their investments directly with the AMC after Dream Money ceases operations.
Dream Sports Continues Portfolio Reshuffle
Customers with fixed deposits can continue servicing or closing their deposits through the Dream Money app until July 31, after which they will need to deal directly with the partner banks. Loan customers have also been informed that their repayment instructions and auto-debit mandates remain unchanged, as these are managed by lending partners rather than Dream Money.
The closure comes just months after Dream Sports expanded into financial services through Dream Money and follows the recent shutdown of its AI-powered sports analytics platform, Dream Play. The back-to-back product exits suggest the company is streamlining its business portfolio and sharpening its focus on its core operations.
FAQs
- What is Dream Money?
Dream Money is a financial services app by Dream Sports that offers digital gold, mutual funds, fixed deposits, and lending services.
- Why is Dream Money shutting down?
Dream Sports has decided to discontinue Dream Money’s services. The company has not shared a specific reason for the closure.
- Are my investments safe?
Yes. Dream Sports says your existing investments will remain safe and continue to be managed by its partner companies.
- Can I make new investments through Dream Money?
No. The company has stopped accepting new registrations, fresh investments, and loan applications with immediate effect.
- What happens to my mutual funds and fixed deposits?
Your mutual funds and fixed deposits will remain active. After the app shuts down, you can manage them directly through the respective AMC or partner bank.
