
Loan Against Mutual Funds
Don’t Redeem it, Lien it Instead
Get instant financial assistance with Loan Against Mutual Funds and manage your unplanned expenses without having to liquidate your investments. Secure the funds you need within 15 minutes at just 9% p.a through an end-to-end digital process. Experience hassle-free process with digital loan against mutual funds.
- Instant LAMF limit within minutes
- Interest rate,
at 9% p.a. (on utilized amount) - 100% Digital
Process - Large list of
approved mutual funds
What is Loan Against Mutual Funds?
Loan Against Mutual Funds (LAMF) is a financial solution that allows you to create an overdraft facility against your mutual fund units. With Mirae Asset Financial Services, you can easily lien mark your funds digitally and raise the funds you need.
The loan is available as an overdraft facility, allowing you to access the funds you need and repay them at any time without additional charges Interest is charged only on the utilized amount and for the duration, the funds are utilized.
You can choose from a variety of approved mutual funds from various asset management companies (AMCs) in India and use them as collateral. To lien mark, you can use mutual funds registered with CAMS and KFintech (previously known as KARVY), Registrars & Transfer Agents (RTAs) as collateral. We suggest using a secured loan against mutual funds as a suitable option for short or medium-term financial needs.
Features & Benefits of LAMF
How to Avail?
-
1Download the app or apply via web
-
2Select type of mutual funds
(viz equity or debt mutual funds) -
3Complete one-time KYC registration with PAN & Aadhaar details
(Details can be fetched directly from Digilocker if your Aadhaar is linked with your mobile number) -
4Lien mark at RTA's (CAMS / KFintech)
portal through One-Time Password (OTP) authentication -
5Verify your bank account online via e-mandate
-
6Read & sign loan agreement online
-
Your overdraft facility is ready
Loan Details & Charges
Mutual Funds
₹1,00,00,000
Mutual Funds
₹3,00,00,000
& renewable thereafter
+ taxes as applicable
* Taxes as applicable
If a customer takes a loan of ₹50,000 for a period of 12 months, at an annual interest rate of 9% APR, then the customer will pay monthly interest for 12 months of ₹375 per month. The total loan payment over 12 months will be ₹54,500* (including principal and interest). Total Cost of Loan = Interest Amount + Processing Fees + Stamp Duty = ₹4500 + ₹999 + ₹500 = ₹5,999
Eligibility & Documentation
- You should be a resident Indian individual
- You should have a valid PAN & Aadhaar Card
- You should hold mutual funds approved as per MAFS policy with CAMS & Kfintech (RTAs)
- You should be between 18 to 75 years of age
- You should have a valid email id and mobile number
- You should have a valid bank account number and a cheque copy for the account to be linked
Digital Partners
Approved Funds from Multiple AMCs
- UTI Mutual Fund
- Union Mutual Fund
- Tata Mutual Fund
- Sundaram Mutual Fund
- SBI Mutual Fund
- Quant Mutual Fund
- PPFAS Mutual Fund
- PGIM India Mutual Fund
- Nippon India Mutual Fund
- Motilal Oswal Mutual Fund
- Mirae Asset Mutual Fund
- Mahindra Manulife Mutual Fund
- LIC Mutual Fund
- L&T Mutual Fund
- Kotak Mahindra Mutual Fund
- Invesco Mutual Fund
- IIFL Mutual Fund
- IDFC Mutual Fund
- IDBI Mutual Fund
- ICICI Prudential Mutual Fund
- HSBC Mutual Fund
- HDFC Mutual Fund
- Edelweiss Mutual Fund
- DSP Mutual Fund
- Canara Robeco Mutual Fund
- Baroda BNP Paribas Mutual Fund
- Axis Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- Navi Mutual funds
UTI Mutual Fund | Union Mutual Fund | Tata Mutual Fund | Sundaram Mutual Fund | SBI Mutual Fund | Quant Mutual Fund | PPFAS Mutual Fund | PGIM India Mutual Fund | Nippon India Mutual Fund | Motilal Oswal Mutual Fund | Mirae Asset Mutual Fund | Mahindra Manulife Mutual Fund | LIC Mutual Fund | L&T Mutual Fund | Kotak Mahindra Mutual Fund | Invesco Mutual Fund | IIFL Mutual Fund | IDFC Mutual Fund | IDBI Mutual Fund | ICICI Prudential Mutual Fund | HSBC Mutual Fund | HDFC Mutual Fund | Edelweiss Mutual Fund | DSP Mutual Fund | Canara Robeco Mutual Fund | Baroda BNP Paribas Mutual Fund | Axis Mutual Fund | Aditya Birla Sun Life Mutual Fund | Navi Mutual funds
Frequently Asked Questions
The minimum amount is Rs 10,000/- and the maximum can go up to Rs 1 crore for equity mutual funds & up to Rs. 3 crores for debt mutual funds.
LTV of 45% of the value of equity mutual funds, up to 80% of the value of debt mutual funds.
Since loan against mutual funds is a complete digital and paperless process at Mirae Asset Financial Services your LAMF limit will be approved and functional on the same day. 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. Requests raised after 5pm will be processed the next working day.
You can write to our customer service team at mcare@miraeassetfin.com 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 on the next day, post the previous attempt.
To view, the list of approved mutual funds, click here.
Disclaimers
- Credit limit is at the sole discretion of Mirae Asset Financial Services (India) Pvt Ltd.
- The Loan Against Mutual Funds is for personal use. The loan amount cannot be used for speculative activities, capital market-related purposes, or anti-social purposes.