 "Inflows into equity mutual funds (MFs) continued their strong momentum in July, despite the market volatility triggered by the Union Budget. Active MF schemes received Rs 37,113 crore, the second-highest monthly inflows ever, after attracting a recor")
Loans against mutual funds (MFs) are gaining traction among retail investors, who now recognise the value of staying invested for the long term. Rather than redeeming MF units during a cash crunch, many are opting for loans against them.
Growing popularity
Previously, availing these loans was a cumbersome physical process that took five to seven working days. “Now, the loan is available digitally and you can avail it in a short while from your home or office,” says Krishna Kanhaiya, chief executive officer (CEO), Mirae Asset Financial Services.
Kanhaiya adds that the rise in systematic investment plan (SIP) contributions has
