Current Affairs · Economy and Finance
In September 2025, PhonePe introduced a new financial product in collaboration with DSP Mutual Fund, allowing customers to avail loans using a specific asset as collateral. What form of collateral is used in this loan offering?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fixed deposits
- 2Mutual fund units✓
- 3Gold jewelry
- 4Real estate property
Correct answer
Mutual fund units
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