|SCRIPT NAME Mutual Funds (0)||NO. OF UNITS||NAV||TOTAL VALUE||
Loan-to-Value represents the proportion of an asset's value that a lender is willing to provide debt financing against.
Loan amount = Total value of mutual funds x LTV%
Interest charged only on utilized amount & for the duration utilized
The amount is calculated assuming 100% utilization for 12 months. Actual monthly interest will change depending on utilization.
- Mutual fund schemes visible in the dropdown are approved list against which LAMF can be availed. LAMF cannot be availed against schemes not visible in the dropdown list.
- If a user wants to pledge both equity & debt mutual funds, 2 different loan accounts will have to be created, one for each.
- If user wants to pledge funds with both RTAs (CAMs & KFintech), user will have to create a primary account with any one RTA & apply for top-up with second RTA.
Annual interest amount