Latest News | Geojit Launches Digital Loan Against Mutual Fund Holdings

New Delhi, Apr 3 (PTI) Geojit Credits, a non-banking financial company (NBFC), on Monday announced the launch of Loan Against Mutual Fund (LAMF).

Under the scheme, the investors can avail loans starting from Rs 10,000 in digital mode.

Also Read | Acer Launches New Aspire 3 Laptop Powered With Intel Core i3 Processor in India; Check Specs and Price Details.

A LAMF allows investors to raise instant funds at attractive interest rates for their short-term liquidity requirements by keeping their mutual fund investments as collateral.

"Our newest product, digital Loan Against Mutual Fund will be of great help to investors who can avail loans at competitive rates and not redeem their MF investments, which is part of their long-term wealth creation and investment plan," Bejoy Anthraper, Business Head of Geojit Credits, said.

Also Read | Rajya Sabha Adjourns for the Day After Passing Competition Bill 2023 Without Discussion Amid Rucks by Opposition Over Adani Issue.

Geojit Credits is a subsidiary of Kochi-based Geojit Financial Services.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)