Loan Against Mutual Funds
Don’t Redeem it, Lien it Instead
Avail loan against mutual funds and get the short-term financial assistance you need. Finance a wedding, or home renovation and manage any emergency expenses without selling your mutual funds. Mirae Asset Financial Services offers instant limits against your mutual funds within minutes to assist your short to medium-term financial needs.
- Instant LAMF limit within minutes
- Interest rate,
at 9% p.a. (on utilized amount)
- 100% Digital
- Large list of
approved mutual funds
What is Loan Against Mutual Fund
Loan Against Mutual Funds (LAMF) is a financial solution that allows you to use your mutual fund investments as collateral to borrow money. With Mirae Asset Financial Services, you can easily lien mark your mutual funds digitally and get an instant loan. This way, you can access liquidity without selling or redeeming your mutual fund investments.
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 digital loan against mutual funds as a suitable option for short or medium-term financial needs.
Features & Benefits of LAMF
How to Avail?
To see a step-by-step video walkthrough,
Download app &
Select type of mutual funds
(viz equity or debt mutual funds)
Complete one-time KYC registration with
PAN & Aadhaar details
(Details can be fetched directly from Digilocker if your Aadhaar 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
facility is ready
Loan Details & Charges
& 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
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
To view, the list of approved mutual funds, click here.
- 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.