Loan Against Mutual Funds
Loan against mutual funds is a way to get instant liquidity against the mutual funds that you own. It is best way to increase potential return on your investment and raise your capital for short time financial requirement. The interest rate of loan against mutual fund is lower than of personal loan.
Anyone can take a loan on mutual funds. This loans amount is upto Rs.150 crores and for an extended tenure of 12 months. Some banks or investment firms provides mutual fund loans. The loans can be utilized for fulfillment of any legal and legitimate purposes including business loans, short term working capital requirements or meeting family obligations like marriage in the family, higher education of self or children, medical expenses and so on.