To apply for a loan against mutual funds, you must meet the following conditions:
Age: You must be between 18 and 75 years old.
Portfolio Value: Your mutual fund portfolio should be at least ₹50,000 in value.
Approved Funds: You must hold mutual funds registered with CAMS or KFintech (RTAs).
Note: Debt and ELSS funds are not eligible.
Joint Holdings: Joint mutual fund holders are not eligible.
Residency: You must be an Indian resident.
This is a completely digital process, so no physical documents need to be submitted. You’ll need to provide the following information:
Aadhaar Number (linked to your mobile number)
PAN Number
Bank Account Number
Bank IFSC Code
Mobile Number (must be linked to both your Aadhaar and bank account)
A loan against mutual funds is a type of secured loan where you pledge your mutual fund units as collateral to borrow money. This allows you to access funds without having to redeem your investments.
The pledged mutual fund units remain invested, so they continue to earn potential returns, even while held by the lender. However, during the loan period, you won’t be able to sell or redeem these units.
You can typically borrow up to 50% of the value of your equity mutual fund portfolio. The value is calculated based on the Net Asset Value (NAV) of each scheme—by multiplying the number of units you hold by the NAV of each.
This type of loan offers a flexible way to meet short-term financial needs while keeping your long-term investment goals intact.
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Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.
AMFI Registered Mutual Fund Distributor | PALLAB ROUTH | ARN – 301757 | EUIN : E572917 |Date of Registration: 22-07-2024 | Current validity: 15-07-2027
Grievance redressal: +91 7278480128 | me.pallabrouth@gmail.comÂ
