The purpose of loan against Mutual Funds is to have an emergency cash avaliable when required. Unit holder can utilise the units anytime to take advance and does not have to redeem them.
The loan can be taken for any emergency situation or when quick cash is required. Many a times, unit holder does not wants to redeem the units, hence can use them to bridge the cash requirement.
Get cheap, easy and quick loans with your Mutual Funds. No need to redeem your units. Use your units to take credit and repay when you want, with no repayment charges.
Enjoy pocket-friendly and transparent Fees & Charges