Loan against mutual funds

Hi, I would like to know which platform is good for loan against mutual funds

I have couple of lumpsum MF units in DEMAT (Coin) and SIP’s in Non-DEMAT (Kuvera). I know even the broking apps itself providing this facility and some 3rd party, AMC (Mirae) are providing this facility.
Any one has prior experience in this? Which platform is better for this? Any one provides overdraft facility?

During emergency, is it OK to redeem equity mutual fund or will take loan on MF’s because redeeming MF creates deviation from long term investment goals

Emergency is emergency, there is no comparing this with other normal situations, including long term goals. So this is the priority, once this is over we can look at long term plans and change those plans if there is an impact. Better to have a separate, big emergency fund which can handle all financial emergencies that you can think of.

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I agree with you.
But i just wanna know about this facility. Just in case if emergency fund is not covering the need/Insurance is not covering. Then in worst case… Just want to know the process

Of course, knowing always helps.

I answered because you asked if it is OK to redeem or take a loan, and if doing so will change long term plans.

I’ve tried Dhanlap and ICICI. I liked ICICI a lot. I’ve also taken up an DSE with them to distribute Loan Against MF.

For details feel free to contact. My details are 93 79 23 05 06

Thanks for the info