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For those, who have a long-term view of their mutual fund and shares investments, should explore loans against mutual funds and shares to manage their festive expenses to overcome the cash flow issue. It is common for our monthly spending to be higher than usual during the festive season, prompting us to seek different ways to fund these expenses. Many individuals tend to dip into their long-term mutual fund or shares portfolios to cover such costs. However, Krishna Kanhaiya, CEO of Mirae ...
Effortlessly Cover Festive Costs with Mirae Asset Loan Against Securities Overdraft
Mirae Asset Financial Services the NBFC arm of Mirae Asset Group launches personal loans for salaried employees across select cities Mirae Asset Financial Services a non-banking financial company (NBFC), and a subsidiary of Mirae Asset Group has launched personal loans for salaried employees across selected cities. The launch of personal loans is a strategic move that aims to diversify revenue streams, enhance net interest margins (NIMs), profitability, and build a robust loan book. Fol...
Mirae Asset Financial Services launches Personal Loans for Salaried Employees
Retail investors tend to liquidate their investments in terms of emergency or crisis leaving their long-term objective behind it in jeopardy. However, with mutual fund units being the new collateral, several investors are now seen effectively leveraging it without liquidating for their short-term requirements. There has been a steady increase in the number of mutual fund investor accounts, with Assets Under Management (AUM) from individual investors rising to Rs.34.5 lakh crore. Individual i...
Retail investors leveraging MF units as collateral without liquidating by Mirae Asset Financial Services
Expanding the ambit of mutual fund units as a collateral for retail investors, Mirae Asset Financial Services ? the non-banking finance company has added eligible tax saver schemes free from lock-in period from all the asset management companies in its list of approved mutual fund schemes to offer overdraft facilities by pledging these units.These Tax Saver Schemes, which are preferred by retail investors due to exemptions enjoyed under section 80C, come with a three-year lock-in period. Henc...
Mirae Asset Financial Services adds tax saver schemes sans lock-in in its lending portfolio
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