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.
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 ...
If there is any margin shortfall above the permissible limit, we will inform it through your registered email id and you can clear the margin shortage by using any of the repayment modes mentioned above or by transferring additional securities. ...
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 ...