Profit Sheets

Tata Capital launches loan against the mutual funds  

September 19, 2021 11:40 AM

Tata Capital launches loan against the mutual funds
Tata Capital 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.

Tata Capital customers can avail the loan amount by marking a lien on the mutual fund units which are managed by various asset management companies.  

The Indian Mutual Fund Industry’s AUM has grown from Rs 15.18 trillion as on July 31, 2016 to Rs 35.32 trillion as on July 31, 2021 which is more than two-fold increase in a span of five years, according to Association of Mutual Funds in India (AMFI).  

Tata Capital 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, Tata Capital said in a press statement.

Also Read :Tata Capital Financial Services mulls a fundraise of Rs 11,500 cr

The loan amount is customized based on the value of the units in the mutual fund folio and tenure.

“Mutual funds as an investment category has shown tremendous growth over the last decade and continues to gain momentum. Our latest digital product gives customers an opportunity to easily meet their fund needs in a seamless manner, even while retaining control over their portfolio,” This is in line with our strategy of constantly offering innovative products which offer customer convenience.” Abonty Banerjee, Chief Digital Officer, Tata Capital said.

The Indian Mutual Fund Industry’s AUM has grown from Rs 15.18 trillion as on July 31, 2016 to Rs 35.32 trillion as on July 31, 2021 which is more than two-fold increase in a span of five years, according to Association of Mutual Funds in India (AMFI).

The Tata Digital Loan against Mutual Fund can be applied as an overdraft facility or as a term loan with end-to-end online execution. Auto renewal facility is also available for tenure exceeding one year subject to review of the mutual fund portfolio, the statement added.

Leave a comment

Your email address will not be published. Required fields are marked *

Market Live Updates


Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy  Click Here
Asian Paints 2577.00 Buy  Click Here
HDFC 2448.00 Buy  Click Here
HDFCAMC 2790.00 Buy  Click Here
TCS 3120.00 Buy  Click Here


NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
UPL 711.65 1.93 39,64,616
BPCL 385.80 1.83 86,26,323
IOC 122.30 1.37 97,94,636
ONGC 145.80 1.25 1,05,64,391
LT 1,802.00 0.72 35,96,490
COMPANY LTP %CHNG VOLUME
POWERGRID 206.10 -3.92
3,55,14,487
RELIANCE
2,413.80
-2.78 87,69,773
TECHM 1,593.00 -2.25 23,81,735
ASIANPAINT
3,109.10
-2.25 12,03,061
KOTAKBANK 1,921.00 -2.20 34,64,308