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In LAMF, borrowers pay only the monthly interest on the loan amount. For a ₹1 lakh loan, the annual interest rate is 10.75%, which results in the monthly interest payment of ₹896. This is lower compared to traditional loans where both interest and principal are paid monthly.
Welcome to a comprehensive FAQs guide for Loan Against Mutual Funds on smallcase. As Loan Against Mutual Funds is our new offering, we understand you may have various questions – from its eligibility to its potential use cases. Rest assured, we're here to provide you with the answers you're looking for!
As Loan Against Mutual Funds is our new offering, we understand you may have various questions – from the processing fees to the repayment process. After countless discussions with our customers, we've meticulously curated this short list of the most commonly asked questions about Loan Against Mutual Funds (LAMF).
India's Q2 GDP performance stole the show, clocking in at an impressive 7.6%, a pleasant surprise that outpaced the general consensus. Notably, India maintained its lead over China, which posted a GDP growth of 4.9% in the July-September quarter.
Titagarh Rail Systems witnessed a remarkable surge of over 11%, propelling its stock to a 52-week high on the Bombay Stock Exchange (BSE). This bullish momentum was ignited by the recent announcement of a strategic partnership between Titagarh Rail Systems and ABB, focusing on metro projects in India.
Last week on the D-street was like an IPO carnival! The initial public offering (IPO) market seems to be in an unprecedented bull wave, with the debut of five IPOs aiming to raise ₹7,400 crore from investors. This is no small feat — five IPOs in a week is a rare sight.
So, diving into this week, let's explore India's consumption story. Amidst all the talk about India becoming a major economy, increased consumption stands out as a crucial pillar for this growth.
