LAMF Loan Volumes Surge 45% YoY: Report

India’s Loan Against Mutual Funds (LAMF) market expanded 45% year-on-year to ₹85,000 crore in FY2024–25, according to a CRISIL report. Growth was driven by rising mutual fund participation—now exceeding 6.5 crore investor accounts—and improving financial awareness. Millennials aged 25–40 comprised nearly 62% of borrowers, using LAMF for housing, business, and liquidity needs. Debt schemes accounted for 38% of pledges, hybrids 32%, and equity funds 30%. NBFCs’ market share climbed to 35% from 28%. Analysts forecast a 30% CAGR through FY2027 as AUM tops ₹60 lakh crore.