Q. Which organization has launched Loan against Mutual Fund?
Answer:
Tata Capital
Notes: Tata Capital has launched ‘Loan against Mutual Fund’, an industry first end -to -end digital offering enabling customers to avail quick loans ranging from Rs 5 lakhs to 2 crores. The digital loan offering is provided against a wide range of equity and debt schemes across mutual funds. Customers can avail the loan amount by marking a lien on the mutual fund units which are managed by various asset management companies. The loan amount is customized based on the value of the units in the mutual fund folio and tenure.