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 ...
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 ...
The minimum amount is Rs 50,000/- and the maximum can go up to Rs 1 crore in case of equity mutual funds and up to Rs. 3 crores in case of debt mutual funds.
The facility is provided for one year and gets renewed, basis satisfactory performance of the account, after one year. In case customer does not wish to renew the facility, he/she needs to place a request for closure of the account prior to renewal.