PhonePe enables Loan against Mutual Fund investments on its platform

PhonePe, with DSP Finance, has launched Loans Against Mutual Funds (LAMF), offering instant loans up to INR 2 Cr within its app. Users can unlock liquidity without selling investments, keeping SIPs and portfolio growth intact. Interest is charged only on the withdrawn amount, ensuring flexibility. Leaders Hemant Gala and Jayesh Mehta highlight LAMF’s role in empowering financial progress and giving users greater control over their finances.