DSP Finance acquires Volt Money to add loans against funds

DSP Finance has acquired Volt Money. The deal value was not stated.

Volt Money is a digital lending platform that lets customers borrow against their mutual fund holdings. Loans are disbursed within five minutes. The company specialises in Loans Against Mutual Funds, or LAMF. It was founded in 2022 by Ankit Agarwal, Bharat Lamba and Lalit Bihani.

DSP Finance received its NBFC registration in July 2024. Since then it has onboarded more than 1.8 lakh retail customers and built a loan book of about Rs 4,000 Cr.

Why this matters on the ground

Set the fintech framing aside for a minute and look at where the money comes from.

Unsecured consumer credit is the fuel behind most no cost EMI banners on Indian marketplaces. It is also the first thing pulled when funding tightens or risk weights go up. Every operator who has sold high ticket items over the last two years has watched an EMI option quietly vanish from a product page, then watched conversion drop with it. Nobody sends you a notice. The banner just stops showing.

Lending secured against assets the borrower already owns is cheaper capital. It holds up better through a squeeze. More NBFCs building that kind of book means the EMI plumbing under your checkout gets a little less fragile.

Practical step. Find out which lenders actually sit behind the EMI options on your listings, and check your conversion rate with and without them showing. If one unsecured partner carries most of your high ticket volume, that is a concentration risk on your revenue, not only on theirs.