Loan Against Shares Approved List – LAS Eligible Securities (2026)

Discover a smarter way to unlock liquidity while safeguarding your long-term investments. Loan Against Shares (LAS) is a financial solution that allows individuals to pledge their listed equity shares as collateral to access funds without selling their holdings. Whether you are an HNI, entrepreneur, or investor, LAS empowers you to meet short-term financial needs while retaining ownership of your portfolio. 

Need instant liquidity? Use your listed shares to get a loan without selling them. Apply now  

Loan against shares approved list – LAS eligible securities (2026) 

The Loan Against Shares approved list is a curated selection of securities eligible for pledging under LAS. This list is regularly updated to reflect market dynamics and regulatory changes, ensuring borrowers can access liquidity using reliable and stable assets. The approved list typically includes: 

• Listed equity shares. 
• Select mutual funds and exchange-traded funds (ETFs). 
• Securities with consistent performance and market credibility. 

Understanding this list is crucial for borrowers, as it determines the scope of LAS options available to them. 

The Loan Against Shares approved list is a compilation of stocks, mutual funds, and ETFs that lenders accept as collateral for LAS. These securities are chosen based on specific criteria, such as liquidity, market capitalisation, and historical performance. 

Why does this list matter? 

• It ensures lenders can secure loans against stable assets. 
• Borrowers can unlock liquidity without selling their investments. 
• It simplifies the LAS approval process by pre-defining acceptable securities. 

The approved shares list typically features well-established companies listed on recognised stock exchanges. These shares are selected based on their market performance, liquidity, and stability, ensuring they meet the lender’s risk assessment criteria. 

Key inclusions: 

• Large-cap stocks with high market capitalisation. 
• Shares from sectors like banking, IT, FMCG, and pharmaceuticals. 
• Stocks with consistent dividend payouts and robust fundamentals. 

Borrowers can pledge these shares to secure loans of up to Rs. 1,000 crore, depending on the lender’s policies and the value of the pledged securities. 

Many lenders also include mutual funds and ETFs in their approved list for LAS. These instruments provide borrowers with additional flexibility, especially if they hold diversified portfolios. Criteria for approval: 

• Mutual funds with high Assets Under Management (AUM). 
• ETFs tracking major indices like Nifty 50 or Sensex. 
• Funds with consistent returns and low volatility. 

By pledging mutual funds and ETFs, borrowers can unlock liquidity without disrupting their long-term investment strategies. 

Determining whether your shares are eligible for LAS is straightforward: 

1. Visit the lender’s website: Most lenders provide a detailed approved securities list online. 
2. Contact your lender: Speak to the lender’s representative for confirmation on specific shares, mutual funds, or ETFs. 
3. Review eligibility criteria: Ensure your shares meet the lender’s requirements, such as being free from encumbrances. 

Lenders create the approved shares list based on stringent criteria to minimise risk and ensure borrower eligibility. Common factors include: 

• Liquidity: Shares must be actively traded on recognised stock exchanges. 
• Market capitalisation: Large-cap and mid-cap stocks are preferred due to their stability. 
• Performance history: Shares with consistent returns and low volatility are prioritised. 
• Sector stability: Stocks from sectors with strong growth potential and minimal regulatory risks are favoured. 

By adhering to these criteria, lenders ensure the LAS process remains secure and efficient. 

The approved list directly influences the Loan-to-Value (LTV) ratio and the loan amount borrowers can secure. Here is how: 

• Higher LTV ratios: Stocks with high liquidity and stability often attract higher LTV ratios, allowing borrowers to maximise their loan amount. 
• Haircut norms: Shares with higher volatility may face stricter haircut norms, reducing their eligible loan value. 
• Loan amount flexibility: Borrowers can pledge multiple securities from the approved list to increase their loan eligibility. 

Understanding the approved list helps borrowers optimise their LAS application and secure the desired funds. 

Borrowers should be aware of the differences between approved and non-approved securities: 

Borrowers holding non-approved securities may need to explore alternative funding options or adjust their portfolio to include eligible assets. 

The Loan Against Shares approved list is a vital component of the LAS process, enabling borrowers to unlock liquidity while retaining ownership of their investments. By pledging eligible shares, mutual funds, or ETFs, individuals can meet short-term financial needs without compromising their long-term wealth-building strategies. 

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