Mirae Asset Financial Group’s NBFC arm launches digital pledging for CDSL demat accounts

Mirae Asset Financial Services (India) Pvt. Ltd., the NBFC arm of the Mirae Asset Financial Group, has introduced a digital pledge facility for CDSL demat accounts.

Holders of CDSL demat accounts can now apply for a Loan Against Shares (LAS) entirely online via the Mirae Asset Financial Services website or mobile app, according to the company.

“Borrowers can obtain loans between ₹25,000 and ₹1 crore by pledging approved shares. The loan amount varies according to the share category, which is determined by factors such as market capitalization and price volatility. Approved shares fall into four groups, each carrying an LTV ratio of 45 %, 40 %, 35 % or 30 %,” the company stated.

Interest accrues at 10.25 % per annum and is applied only to the drawn amount, not to the total sanctioned limit.

The NBFC noted that borrowers may pre‑pay or close the loan at any moment without incurring fees. They can also raise the eligible loan size by pledging more shares or lower it by releasing part of the pledged holdings. The entire process—from application to servicing—is handled online.

“Customers can now submit the application online, choose the shares they want to pledge and authorize the request digitally, eliminating the need for branch visits or paper forms. After the Depository Participant (DP) approves the pledge, they can open the loan account the same day.”

“This launch matters as CDSL is India’s biggest depository by demat‑account count. CDSL presently holds more than 18.5 crore demat accounts, which accounts for over 80 % of the country’s demat market,” the company noted.

The company had rolled out a digital LAS facility in 2022 for investors holding NSDL demat accounts to obtain loans online.

Krishna Kanhaiya, CEO, Mirae Asset Financial Services, said: “This launch enables us to reach a broader base of retail investors by offering a smarter route to obtain funds without liquidating their holdings. Many investors seek short‑term liquidity while wishing to keep their long‑term wealth‑creation plans intact.”

“Our aim is to make borrowing simple, transparent, swift, hassle‑free and fully digital. For investors, this translates into quicker access to funds against their shares, with no paperwork, no branch visits and a streamlined same‑day digital experience.”

Published on August 11, 2026