Read Lamf Statement

A Loan Against Mutual Fund statement reflects the dynamic nature of an overdraft facility. Unlike a term loan statement with a reducing balance and fixed EMI debits, a LAMF statement shows variable drawings, variable repayments, daily interest accrual, and a collateral position that changes with every movement in the NAV of your pledged units. This guide explains every section in plain language.

Account Summary

The account summary provides a snapshot of your loan as of the statement date. The sanctioned limit is the total approved credit line based on your pledged collateral. The drawn balance is the amount actually borrowed — total drawdowns minus total repayments. The available limit is the sanctioned limit minus the drawn balance — what you can still withdraw.

Transaction Ledger

The transaction ledger is a chronological record of every event during the statement period. Each entry includes a date, transaction type, and amount. Transaction types include drawdowns which increase your outstanding balance, repayments which decrease it, and interest debits which increase it. Interest is typically debited monthly to the outstanding balance.

Interest Calculation

Interest on LAMF is calculated daily on the actual outstanding balance. The annual interest rate is divided by 365 and applied to the daily balance. These daily charges accumulate over the billing period and are debited monthly. If you drew a large amount on day one and repaid half on day fifteen, your interest reflects the higher balance for the first half of the month and the lower balance for the second half. Prompt partial repayments materially reduce your monthly interest cost.

Collateral Summary

The collateral summary shows the pledged fund names, number of units under lien, current NAV per unit, total current market value of pledged units, and the applicable LTV percentage for each fund category. From these figures your current effective LTV is derived — the outstanding drawn balance as a percentage of current collateral value. If this is well below the sanctioned LTV your margin buffer is healthy. If it is approaching the sanctioned LTV a partial repayment or additional pledge may be needed.

Margin Position

Some LAMF statements include an explicit margin position summary showing the minimum required collateral value to support the current outstanding balance, the actual current collateral value, and the surplus or deficit between the two. A positive surplus means the account is in a safe position. A narrowing surplus is an early warning signal to act before a margin call is formally issued.

Renewal and Maturity Information

Statements include the current facility end date — the date the annual credit line tenure expires. Renewal must be completed before this date to maintain the facility. Stashfin notifies borrowers in advance but tracking this in your statement ensures you are never caught off-guard.

Practical Tips

Review your statement monthly. Compare the current effective LTV with the sanctioned LTV to assess your margin buffer. Check the monthly interest debit and evaluate whether a targeted repayment would reduce it meaningfully. If any transaction appears incorrect contact Stashfin support immediately with the reference number and date.

Loan Against Mutual Fund is subject to applicable interest rates and credit assessment. Mutual fund units pledged as collateral are subject to market risks. Please read all loan-related documents carefully.