Loan Against Mutual Fund Units

Please note that for loan applied between 8 pm to 8 am, processing will be done only after 8 am and loan account details would be advised through SMS/email.

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Features

No need to sell Mutual Funds
Completely digital process
No EMI, pay at your own pace
Interest only on utilized amount

High Loan to value in case of debt Mutual Funds
Minimum loan amount is as low as Rs 25,000
Maximum loan amount
- Against Equity Mutual Fund: Rs. 10 Lakh
- Against Debt Mutual Funds: Rs 5 crore

Eligibility

SBI Savings Bank Account with mode of operation as Single.
SBI Net Banking User with User ID and Password.
Individuals 18 years of age.
Margin
- Equity/Hybrid/ETF → 50%
- Debt/FMP → 25%

Resident Indian
Valid PAN, Mobile and Email updated in Bank records
The SB account and MF should have identical name and PAN number.
Facility Type
- Overdraft (OD) → Auto Renewal / Review every year

Eligibility

Mutual Funds holding with CAMS as Transfer agent (List of Asset Management Company is given below).
- Aditya Birla Sunlife AMC Limited
- ICICI Prudential Asset Management Company Ltd
- Mahindra Asset Management Company Pvt Ltd
- Tata Asset Management Limited
- Navi Asset Management Ltd.
- DSP Investment Managers Private limited
- Bandhan Mutual Fund
- PPFAS Asset Management Private Limited
- Union Asset Management Company Private Ltd
- HDFC Asset Management Company Limited
- 360 ONE Asset Management Ltd
- SBI Funds Management Pvt Ltd
- White Oak Capital Asset Management Limited
- HSBC Asset Management (India) Private Limited
- Kotak Mahindra Asset Management Company Limited
- Shriram Asset Management Company Limited
- Franklin Templeton Asset Management (India) Pvt Ltd

Mutual Funds holding with CAMS as single.

Fees, Charges & Documentation

Rate of Interest : 250 bps above 1-year MCLR.
Processing fee (New & Enhancement): 0.50% of Loan Amount with a minimum of Rs. 1000 +GST (Maximum Rs. 10,000/- + GST)
Stamp duty and other statutory charges: As per applicable laws of the state.

100% Digital and no documentation is required