tata capital: Tata Capital introduces digital loans against mutual funds


MUMBAI: Tata Capital Ltd has launched loans against Investment funds and clients can avail fast and hassle-free loans ranging from Rs 5 lakh to Rs 2 crore.
The digital loan offering is provided against a wide range of equity and debt schemes in mutual funds.
Clients can take advantage of the loan amount by marking a lien on mutual fund units that are managed by various asset management companies.
Abonty Banerjee, chief digital officer at Tata Capital, said mutual funds as an investment category have shown tremendous growth over the past decade and continue to gain momentum.
“Our latest digital product gives clients the opportunity to easily meet their fund needs seamlessly, even while maintaining control over their portfolio. This is in line with our strategy of consistently offering innovative products that deliver customer convenience.” he said in a statement.
Assets managed by the mutual fund industry grew from Rs 15 lakh crore in 2016 to Rs 35 lakh crore until July this year.
Tata Capital offers consumer finance, advisory services, trade finance, infrastructure finance, securities, investment banking, private equity advisory, credit card, and travel and forex services.

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