ICICI bank has launched a facility that will enable individuals to avail loan instantly by pledging their mutual fund holdings of either equity or debt. This facility is called “Insta Loans against Mutual Funds”. ICICI has launched this fully digital and paperless facility in partnership with Computer Age Management Systems (CAMS). This facility enables customers to avail loans as an overdraft in a matter of a few minutes without visiting the branch.  Insta Loans against Mutual funds is an extension of the Insta LAS. The customers of ICICI bank get the convenience to select the mutual fund scheme and number of units they wish to pledge and confirm the loan amount. The CAMS team marks a lien on the selected mutual funds. Therefore, an individual can avail loan up to 50% of NAV in case of equity mutual funds and up to 80% in the case of debt mutual funds. Moreover, this helps in long term retention of mutual fund portfolio without liquidation.