FAQs
The minimum amount is Rs. 50 K and the maximum can go up to Rs. 2 cr in case of mutual funds done digitally. For offline accounts maximum credit of Rs. 40 Cr can be availed basis necessary approvals.
Loan up to 50% of the Net Asset Value (NAV) in case of equity mutual funds and up to 70% in case of debt mutual funds.
Interest is calculated on daily outstanding balance and charged on last working day of the month in normal course.
The facility is provided for one year and gets renewed, basis satisfactory performance of the account, after one year.
Yes you can, based on your additional pledging via process called enhancement.
Insta Loan Against Mutual Funds’ facility is available for all individual customers who are having mutual funds registered with CAMS, irrespective of under ICICI Securities agent code or not.
Client need to have PAN Card and Valid mobile number linked to his/her Aadhar card.
It will be through your Aadharcard, verified through OTP on your registered mobile number.
The email id which is linked with the MF units against which lien to be marked.
It will be through your Aadahar card, verified through OTP on your registered mobile number.
The email id which is linked with the MF units against which lien to be marked.
NO. You will only see the scrips which are linked with the combination of PAN and email id you have used while registration.
No, there are no lien marking and lien removal charges.
ONLY Individual holdings or Either-or-survivor holdings of mutual funds can be lien-marked. MFs held in Joint account can’t be lien marked.
Aadhar based OTP shall have needed to do KYC and enabling the digital signatures of user.
ONLY Individual savings account or Either-or-survivor savings account. Joint account can’t be used.
Repayment can be done through customer portal available via net banking.
The loan amount will get credited in the NACH registered bank account and will be credited on the same day.
The routine revaluation takes place every Friday and the limits get revalued as per the current NAV of the mutual funds.
There is no processing fee if the loan is seeked through Digital journey.