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Tata capital introduces digital loan against mutual funds
September 15, 2021
Tata Capital announced the launch of digital loans against mutual funds (LAMF) for clients to profit fast, hassle-free loans ranging between ₹5 lakh – ₹2 crores. This is a first-of-its-kind presentation in the mutual fund industry. The financial services organization of the Tata Group’s digital loan offering is provided against a variety of debt and equity schemes across mutual funds.
For this, clients can profit from the loan amount by denoting a lien on the common asset units which are overseen by a few resources the board organizations, as indicated by a recent statement shared by Tata Capital. The credit against common assets is supported by examination and is a customized item appropriate for diverse fund requirements of clients.
The shared asset industry’s assets under management (AUM) has developed from ₹ 1,518,000 crores in July 2016 to ₹ 3,532,000 crores in July 2021, checking over a two-overlay expansion in a range of five years, as indicated by AMFI (association of mutual funds in India).
Key benefits of the digital loan against mutual funds are, It provided an end to end online excursion for customers, The loan can be applied as an overdraft facility or as a term loan, As a component of the offering, the auto-renewable facility is available for a tenure exceeding one year – which is subject to review of the mutual fund portfolio.
Important Links:
- 3-IN-1 Management Program: https://ask.careers/courses/3-in-1-management-program/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
