Can mutual fund borrow money?

You can get loans through online and offline mode. The amount of loan one can borrow from a mutual fund depends on the size of the portfolio and the category of mutual funds one owns. Typically, one can get up to 80% of the total investment value on debt funds and 60% of the total amount in equity funds.

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Hereof, can I get loan on equity?

In a loan against equity shares, you can pledge your shares as equity to avail of funds of up to 50-60% of the share value. Bajaj Finserv offers loans against security of up to Rs. 10 crore.

Likewise, people ask, can I take loan against my shares? Loan against share is offered against listed securities. Investors can borrow funds against existing investment portfolios to meet investment and liquidity requirements. The money that the borrower has invested in can get him a loan.

Moreover, what is the minimum loan amount under elite program?

₹ 8 lakhs

Which bank launched loan against mutual funds?

HDFC Bank is the first Bank to offer, Digital Loan Against Mutual Funds (LAMF). You can pledge mutual fund investments online and get an overdraft limit set in your account.

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