You cannot copy content of this page. This is the right with takmaa only Launches Loan Against Securities – Your Personal Overdraft Account

News Correspondent, abptakmaa, Kolkata, 2nd June 2020 : India’s fastest growing online investment platform, today announced the addition of

 ‘Loan Against Securities’ to its existing array of investment solutions. The latest announcement provides instant liquidity against the mutual fund units owned by an individual even if the funds are spread across multiple platforms, across regular and direct, across offline and online to deliver the highest possible loan value at the best possible rates regardless of where funds have been bought from or who manages them currently.

Loan Against Securities lets you take a loan upto 80% of the current market value of mutual funds through just a few clicks on The entire process is done digitally in less than 3 minutes and any additional fees are disclosed upfront. offers one of the best rates for the loan – far below credit card or personal loan rates. The lending partners process the loan by putting a lien on the mutual fund and disbursing the loan. The funds are transferred into the user’s bank account in less that 2 days, while their fund units remain secure with the respective fund houses.

The ‘Loan Against Securities’ offering is truly universal as it does not matter which platform or broker one has bought the funds from. All that a person needs to do is, to import their funds online to to access the loan at the best possible rates, just as any other existing user of Kuvera.

Gaurav Rastogi, CEO of Kuvera said: “Loan Against Securities is yet another offering that lets mutual fund investors ringfence their investments during an emergency. It is a safe, quick and seamless option to tide over a short-term emergency, working capital exigency or to meet an unexpected expense, with the least impact on your financial goals. Recent uncertainties fuelled by Covid-19 have highlighted the importance of cheaper pools of liquidity while staying consistent on investments. We are elated at the quick launch of the latest offering and the huge acceptance and positive feedback from several of our 7+ lakh ‘Kuverians’ who were granted limited access to the offering a week in advance.”

Loan against mutual fund units is in the form of an overdraft facility and interest is charged only on the  amount availed as credit. The latest product comes on the backdrop of yet another product aimed at offering a safety net – ‘SaveSmart’ a deposit account linked to a basket of liquid funds from the top mutual fund companies in India that provides instant liquidity of up to INR 2 lakh a day within 30 minutes. was founded in 2016 as India’s first ‘free-to-use’ web-based direct mutual fund investment platform. It provides more than 7 lakh investors with access to a range of innovative investment tools designed to help them save and reach their financial goals and has almost INR 9,500 crores mutual fund assets under advice. is also the first platform that enabled users to easily switch from regular mutual funds to direct mutual funds, lowering the cost of investing. Innovative features such as family login, mutual fund portfolio consolidation, digital gold, Smart Saver Account etc make relevant for both advanced users and first timers.

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