Loans against Mutual Funds: Great for HDFC Bank, Harmful for You
Clinton Fernandes 29 May 2018
Where there is an asset, can the lender be far behind? After loan against property, here comes loan against mutual funds (MFs). HDFC Bank has launched an online overdraft (OD) facility that can be set up in under three minutes, for lending money against your mutual fund holdings. The Bank has partnered with CAMS, the registrar and transfer agent for 10 fund houses that constitute 60% of the...
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