Users' questions

What is Lamf HDFC Bank?

What is Lamf HDFC Bank?

HDFC Bank is the first Bank to offer, Digital Loan Against Mutual Funds (LAMF). You can pledge mutual fund investments online and get an overdraft limit set in your account. Enjoy the benefits of instant availability of funds, retention of mutual fund returns without liquidation, and more.

Which is best HDFC mutual fund?

List of Hdfc Mutual Funds in India

Fund Name Category Risk
HDFC Mid-Cap Opportunities Fund Equity Very High
HDFC Top 100 Fund Equity Very High
HDFC Index Fund Other Very High
HDFC Balanced Advantage Fund Hybrid Very High

How does loan against mutual funds work?

Through a Digital Loan against Mutual Fund, you offer your MF units as collateral for the loan. The bank holds the Mutual Fund units as a security till you repay the loan amount. Your Mutual Funds will continue to earn returns, but you cannot sell them while you have pledged them to the bank.

How can I withdraw money from HDFC mutual fund?

Redemption through Agent If you had invested in the fund through an agent, you are bound to redeem your funds through the agent. The procedure will involve the filling of the mutual fund redemption form that specifies the plan and scheme name, folio number along with the number of units or the amount to be withdrawn.

Can I get loan on mutual funds?

You can avail loan against equity or hybrid mutual funds by approaching any non-banking financial company (NBFC) or bank. For the bank to consider your loan request, you need to pledge your mutual fund units as security for the debt.

Can I borrow money against my shares?

A share portfolio loan is a type of margin loan that lets investors borrow against their stock portfolio at a low interest rate. The idea is that the portfolio loan is collateralized by your stock positions from the portfolio lenders.

Which is better SBI mutual fund or HDFC Mutual Fund?

Yearly Performance section compares the returns generated by both the schemes for a particular year. The comparison of yearly performance reveals that for certain years, the performance of HDFC Hybrid Equity Fund is better while for certain years; the performance of SBI Equity Hybrid Fund is better.

What is digital loan?

Digital lending refers to the online disbursal of loans where all processes, even loan approval and recovery, take place remotely, typically through mobile apps. The shift is part of the digital transformation pushed by the pandemic.

Which broker gives margin on mutual funds?

The margin on stocks from pledging i.e collateral margin is very used by frequent traders. A list of eligible share is provided by the broker….Brokers offering Margin Against Shares.

Broker IDBI Capital
Brokerage (Eq Intraday) 0.05%
Brokerage (Eq Futures) 0.05%
Brokerage (Eq Options) Rs 100 per lot