Guides
Reference notes on the five situations that bring most people to this desk — what lenders underwrite, what the structures look like, and where they usually go wrong.
Loan against mutual funds
₹1 Cr – ₹100 Cr+
A lien on units, not a redemption. Used well, borrowing against a mutual fund portfolio is the cheapest liquidity a large investor can raise without disturbing an allocation or triggering capital gains.
Read the guideESOP financing
₹50 L – ₹50 Cr
Funding the strike price and the tax on exercise, when the sale that would pay for both is still months or years away.
Read the guideUnlisted and pre-IPO
₹2 Cr – ₹75 Cr
Liquidity against a holding with no screen price. A narrow lender set, a slower process, and an outcome that depends almost entirely on how the position is presented.
Read the guidePromoter funding
₹5 Cr – ₹250 Cr+
Raising against a control block is a governance exercise as much as a credit one. Disclosure, cover and end-use restrictions shape the structure before pricing is discussed.
Read the guideCross-border
USD 250K – USD 15M equivalent
Offshore portfolios and trust-held assets can support borrowing on either side of the border — once enforceability, currency and tax treatment are settled.
Read the guideThese guides are general commentary and not financial, tax or legal advice. Terms vary by lender and by mandate.