Current Affairs · Banking and Finance
In September 2025, PhonePe, in partnership with DSP Mutual Fund, introduced Loans Against Mutual Funds (LAMF) for retail investors. Which of the following statements related to this offering is/are correct? 1. Customers can access a secured credit limit up to Rs. 2 crore by pledging mutual fund units as collateral. 2. Unlike traditional loans, LAMF does not require monthly principal repayments or EMIs—interest is only charged on the withdrawn amount. 3. The loan product is only available to institutional investors and not individual retail mutual fund holders.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Only 3
- 2Both 1 and 3
- 3Both 2 and 3
- 4Both 1 and 2✓
Correct answer
Both 1 and 2
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking and Finance MCQs →Want more practice questions on Banking and Finance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Banking and Finance