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Wholesale Financing : Loan Against Mutual Fund |
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The loan against mutual fund
product is a loan facility offered for purchase
of mutual fund units by the borrower. Funding
facilities are in the nature of term based loans
and will be reviewed basically as per policy and
regulatory guidelines. |
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Product |
Mutual Fund Funding |
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Margin |
Financing up to 70% of Purchase amount
(the Financing ratio shall vary on the
type of collateral purchased and shall
be as per the approved list) |
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Tenure |
Fixed tenure with an option to repay
earlier with mutually agreed terms.
(3-6-9-12 months) |
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Interest charges |
Competitive |
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Loan amount |
Minimum Rs.50 Lacs* |
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Documentation and other charges |
As applicable |
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* Conditions
apply. Loan at the discretion of the lender
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 Benefits |
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Asset Management