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