Credit against mutual funds
Get a RuPay Credit Card Against Your Mutual Funds
PiFi is a RuPay credit card issued in India whose spending limit is drawn from the mutual fund units you already own, rather than from your income.
Your limit comes from the mutual funds you already own, not from your salary slip. ₹5,00,000 of mutual funds gets you a card limit of up to ₹4,00,000 — while your portfolio keeps growing. Spend on UPI, or swipe your RuPay card.
Get your cardSearch your scheme to see the card limit it supports, or browse the full list.
How to get a credit card against your mutual funds
- 1
Fetch your portfolio
Connect digitally and we pull your mutual fund holdings from CAMS and KFintech in seconds — no paperwork, no branch visits.
- 2
Mark the lien
Approve a digital lien on the units you choose. You keep 100% ownership and your money stays invested in the market.
- 3
Digital card issuance
Your RuPay credit card is issued digitally with a limit based on your pledged value, ready to link to UPI and scan-and-pay anywhere.
Can I get a credit card against my mutual funds?
If you hold mutual funds in your own name, yes. Your portfolio is what qualifies you — not your salary slip and not your credit history — so it works the same whether you are salaried, self-employed or freelance. A ₹5,00,000 holding maps to a card limit of up to ₹4,00,000, and the calculator on the home page works out the number for your own portfolio.
Card issuance, the final limit and eligibility are decided by our NBFC partner, subject to KYC and applicable criteria.
Credit card against mutual funds vs against a fixed deposit
Both are secured cards, but they ask different things of you. An FD-backed card needs your money sitting in a deposit, earning a deposit rate, for as long as you hold the card. A card against mutual funds works on a portfolio you already have, so nothing new gets parked and your units stay invested exactly as they were.
Your limit is set comfortably below your holding value, so there is plenty of headroom, and you are charged nothing until you spend.
Is it safe?
Your units never leave your own name. A lien is marked on them through CAMS or KFintech — the registrars that already keep the record of what you own — and that lien is the only change. You can confirm it yourself: download your CAS statement on any day and you will see the lien listed against the exact units you pledged, with your name still on them.
PiFi is a technology platform, not a bank or an NBFC. The card is issued by our regulated NBFC partner, and your units are lien-marked through CAMS and KFintech — the same registrars that already keep the record of what you own.
PiFi vs. a normal card, an FD-backed card, and a loan against funds
| Feature | PiFi Credit Card | Normal Credit Card | FD-Backed Card | Loan Against Funds |
|---|---|---|---|---|
| Interest-free period | Up to 45 days | Up to 45 days | Up to 45 days | |
| Revolving credit | ||||
| UPI rewards | Limited | Limited | ||
| Backed by your investments | ||||
| New money has to be parked | ||||
| Interest charged from day one | ||||
| Limit linked to portfolio value | Up to 80%, max ₹5,00,000 | Income-based | Up to 90% of the deposit | Up to 50% |
| Interest rate | 0% for up to 45 days, then 12% p.a. | 36–48% p.a. on revolving balance | 0% for up to 45 days, then card rate | 10–12% p.a. from day one |
Frequently asked questions
What is a credit card against mutual funds?
It is a RuPay credit card whose limit is backed by a digital lien on your mutual fund units. You spend on the card via UPI while your units stay invested and continue to compound.
Do I have to sell my mutual funds?
No. Your units are marked, not redeemed. They stay invested in your name and you keep full ownership of your portfolio.
How exactly is my credit limit calculated?
Your card limit is a share of your eligible mutual fund value, and the share depends on what you hold — up to 45% on equity and index schemes, 50% on hybrid, and 80% on debt and liquid — subject to a cap of ₹5,00,000. ₹2,00,000 of an equity scheme at 45% gives a limit of ₹90,000; the same amount in a debt scheme at 80% gives ₹1,60,000. Hold ₹50,00,000 worth and the limit is capped at ₹5,00,000. The cap keeps card utilisation responsible while still giving you spending power on day one.
Can I get a credit card against my mutual funds?
If you hold mutual funds in your own name, yes. Your portfolio is what qualifies you, not your salary slip or your credit history, so it works the same whether you are salaried, self-employed or freelance. Card issuance, the final limit and eligibility are decided by our NBFC partner, subject to KYC and applicable criteria.
How is this different from a card against a fixed deposit?
Both are secured cards, but they ask different things of you. An FD-backed card needs your money sitting in a deposit, earning a deposit rate, for as long as you hold the card. A card against mutual funds works on a portfolio you already have, so nothing new gets parked and your units stay invested. Your limit is set comfortably below your holding value, so there is plenty of headroom.
What happens if I want my units back?
The lien is lifted once you have paid off the balance, and the pledged amount can be reduced as the balance falls. You can check the lien status yourself on your CAS statement at any time, without asking us.
How is this different from borrowing against my funds?
Borrowing against your units hands you a lump sum and starts charging interest from day one, whether you spend it or not. PiFi is a credit card: you get a limit, you spend what you need on UPI, and you pay nothing on anything you clear within the billing cycle. Plus card rewards.
Your mutual funds just got a credit card
No income proof. Works on UPI. Your units stay invested.
