Source: BS
Context:
PhonePe, a leading Indian fintech platform, has partnered with DSP Finance, an NBFC backed by DSP Group, to launch Loans Against Mutual Funds (LAMF). The product allows individuals to unlock liquidity from their mutual fund investments without redeeming them.
Key Highlights:
- Loan Amount: Up to â‚ą2 crore, secured against pledged mutual fund units.
- Repayment Structure:
- No EMIs or mandatory monthly principal repayment.
- Borrowers only pay interest on the amount withdrawn.
- Target Audience: Retail investors and HNIs seeking flexible liquidity solutions.
About PhonePe
- Headquarters: Bengaluru, Karnataka
- Founded: 2015
- CEO: Sameer Nigam
