Frequently Asked Questions

Digital Loan Against Mutual Funds is a complete digital and paperless process by which you can lien your mutual funds registered with “CAMS” or “Kfintech” (Registrar & Transfer Agents, RTAs), in few simple clicks to avail of an instant overdraft facility. Funding can be availed against approved equity and debt mutual funds.

This facility is currently available for individual customers who have been maintaining approved* mutual funds registered with CAMS & Kfintech. ( * Approved as per MAFS policy)

This facility has been launched only for resident Indian customers. Non-Resident Indians (NRIs) are currently not eligible for this loan.

The minimum amount is Rs 10,000/- and the maximum can go up to Rs 1 crore in case of equity mutual funds and up to Rs. 3 crores in case of debt mutual funds.

Loan up to 45% of the Net Asset Value (NAV) in case of equity mutual funds and up to 80% in case of debt mutual funds.

Since Digital Loan Against Mutual Funds is a complete digital and paperless process your LAMF limit will be approved and functional instantly. You can raise funds withdrawal requests or make repayments 24*7 on all days of the week. Any withdrawal request raised till 5pm will be processed on the same day within 4 working hours. Request raised after 5pm will be processed the next working day.

Steps to follow:

  • Download app & register yourself
  • Select type of mutual funds (viz equity or debt mutual funds)
  • Complete one-time KYC registration with PAN & Aadhar details
  • (Details can be fetched directly from Digilocker if your Aadhar is linked with your mobile number)
  • Lien mark at RTA's (CAMS / KFintech) portal through One-Time Password (OTP) authentication
  • Verify your bank account online via e-mandate
  • Read & sign loan agreement online with OTP authentication
  • Your Loan Against Mutual Funds limit is ready

You can write to our customer service team at or contact us at 1800 2099 180 (Monday to Friday 9 am to 6 pm, excluding holidays) in case you face any issues while applying for ‘Digital Loan Against Mutual Funds’ and can apply again after 30 minutes, post the previous attempt.

Yes, you can enhance your loan digitally through MAFS mobile app.

For lien removal of mutual funds, you can raise request online through MAFS mobile app.

There is no lien marking charge applicable at the time of application. Pledging further securities or de-pledging will attract a charge. You can refer to schedule of charges from here

Interest is calculated on daily basis on the utilized amount and charged on the last working day of the month. The borrower needs to service the same on monthly basis.

The routine revaluation takes place every day and the limits get revalued as per the previous day’s NAV of the pledged mutual funds

The facility is provided for one year and gets renewed, basis satisfactory performance of the account, after one year. In case customer does not wish to renew the facility, he/she needs to place a request for closure of the account prior to renewal.

The list of approved mutual funds is uploaded in MAFS app.

Once the customer logs in to MAFS mobile application, completes KYC and gets navigated to myCAMS page, we pass on the PAN and the e-mail ID registered with us with customer’s permission. Basis the information, myCAMS will check for registry details and if not registered, users will be navigated to the myCAMS registration page. Customers can complete the registration process and can log in and continue the journey.

The customer can change the password in myCAMS page upon clicking the forgot password option and follow the instructions. Upon changing the password successfully, the customer can continue the journey to avail of the facility.

The purpose of Loan Against Securities is to take care of all your short-term and medium-term financial needs and to help you meet your contingencies.

An overdraft account will be set up with MAFS. This account will have a certain drawing limit, which you can utilize as and when required. Drawing limit depends upon the eligible LTV and value of the mutual fund unit’s pledge/ lien by you.

Yes, you can prepay your loan as per your convenience without any charges.