If you are holding shares that feature in the list of 'approved shares' of Emkay, you can make use of your existing portfolio to raise funds. The facility offers you an instant access to funds without liquidating any part of your portfolio.

Emkay offers fixed loans as well as a line of credit against shares. Based on your requirements, you can choose one that suits your needs best.

Any person who owns the approved shares can avail the facility irrespective of his age or profile.

You will initially need to sign a loan agreement with Emkay. A separate demat and bank account also need to be opened. Other documents which need to be submitted are the application form, certified copy of last two years income tax returns, address proof and photo identification along with a copy of pan card, latest demat and bank statement, details of shares to be pledged, details of outstanding loan taken by the applicant if any, etc. Also the signatures of the applicants should be attested by the banker. In case the loan amount is over Rs. 1 crore, a certified copy of balance sheet and profit and loss account or net worth certificate certified by a chartered accountant are required.

The minimum amount of loan available is Rs. 5 lakhs.

The minimum period for the loan is three months and maximum period is 1 year. After one year, the loan facility can be renewed.

The present rate of interest for fixed loans is 13.5 per cent p.a. and for line of credit is 14 per cent p.a. Also in case of the latter, an additional charge of 0.5 per cent is applicable on the unutilised amount for the unutilised period.

The loan amount sanctioned could range from 40 per cent to 60 per cent of the value of the approved shares pledged. In case the value of the pledged shares slips, you are required to pay the differential in order to maintain the margin. In case the amount is not paid and the value of the portfolio pledged slips below the threshold limit, the amount will be recovered by selling the shares and the amount will be adjusted against the outstanding loan amount.

Once the applicant submits the documents, the loan amount is approved. Clients need to submit a few post application documents along with the stamp duty as applicable in the respective state and the shares needs to be pledged. Once the formalities are done disbursement is released in 7 working days.

Loan repayment needs to be done within the specified tenure mentioned in the agreement

If you are holding mutual fund units that feature in the list of 'approved units' of Emkay, you can make use of your existing portfolio to raise funds. The facility offers you an instant access to funds without liquidating any part of your portfolio. (Note, this loan is applicable to all mutual fund categories, except those that come with a lock-in, i.e. Equity Linked Savings Schemes (ELSS) and Fixed Maturity Plans (FMPs).

Emkay offers fixed loans as well as a line of credit against shares. Based on your requirements, you can choose one that suits your needs best.

Any person who owns the approved units can avail the facility irrespective of his age or profile.

You will initially need to sign a loan agreement with Emkay. Other documents which need to be submitted are the application form, certified copy of last two years income tax returns, address proof and photo identification along with a copy of pan card, latest demat and bank statement, details of shares to be pledged, details of outstanding loan taken by the applicant if any, etc. Also the signatures of the applicants should be attested by the banker. In case the loan amount is over Rs. 1 crore, a certified copy of balance sheet and profit and loss account or net worth certificate certified by a chartered accountant are required.

The minimum amount of loan available is Rs. 5 lakh.

The minimum period for the loan is three months and maximum period is 1 year. After one year the loan facility can be renewed.

The present rate of interest for fixed loans is 13.5 per cent p.a. and for line of credit is 14 per cent p.a. Also in case of the latter, an additional charge of 0.5 per cent is applicable on the unutilised amount for the unutilised period.

The loan amount sanctioned is 40 per cent of the value in case of equity oriented funds and 30 per cent of the value in case of debt oriented funds. In case the value of the pledged units slips, you are required to pay the differential in order maintain the margin. If the amount is not paid and the value of the portfolio pledged slips below the threshold limit, the amount will be recovered by selling the units and the same will be adjusted against the outstanding loan amount.

Once the applicant submits the documents, the loan amount is approved. Clients need to submit a few post application documents along with the stamp duty as applicable in the respective state and the mutual fund units needs to be pledged. Once the formalities are done disbursement is released in 7 working days.

Loan repayment needs to be done within the specified tenure mentioned in the agreement

In case you wish to take full advantage of leverage and make most of the opportunities available in the IPO market, you can opt for the IPO Financing service offered by Emkay. IPO Financing is a scheme wherein you as an investor provide the margin amount, and the financier finances the remaining amount at an agreed rate of interest and other mutually agreed upon terms and conditions.

Any person who can arrange for the margin money can avail the facility.

A separate demat and bank account also need to be opened. Other documents which need to be submitted are the application form, certified copy of last two years’ income tax returns, address proof and photo identification along with a copy of pan card, latest demat and bank statement, details of shares to be pledged, details of outstanding loan taken by the applicant if any, etc. Also the signatures of the applicants should be attested by the banker. In case the loan amount is over Rs 1 crore, a certified copy of balance sheet and profit and loss account or net worth certificate certified by a chartered accountant are required.

The minimum amount of loan available is Rs. 1 crore.

The minimum period for the loan is 13 days and maximum till you receive the refund.

The interest rate depends on the IPO and shall be the most competitive in the market.

You need to put at least 5 per cent of the application amount as margin or contribution.

The demat and bank account opened are in joint with the financer. After allotment, you will receive a refund of the excess application money. The financer will deduct the interest cost and the sum lent from this refund and will give you the balance (if any). Once this sum is received, you can transfer the shares from this demat account to your demat account.