Any one invested in corporate fixed deposits in India

[AndhraPickles]

Like TATA and Bajaj corporate FD's..?

[Googlie]

You mean Bonds ? 

[AndhraPickles]

3 minutes ago, Googlie said:

You mean Bonds ? 

No bro..FD's but with tata wealth, bajaj finance, and shriram, KCP ltd..etc..they pay high interest on FD's than banks...

[Googlie]

43 minutes ago, AndhraPickles said:

No bro..FD's but with tata wealth, bajaj finance, and shriram, KCP ltd..etc..they pay high interest on FD's than banks...

Risky bro 

 

[AndhraPickles]

9 hours ago, Googlie said:

Risky bro 

 

How bro....kindly let me know..

[Googlie]

2 hours ago, AndhraPickles said:

How bro....kindly let me know..

It depends on finance company you go with - some are not secure - so if shriram finance defaults they are not backed by any company assets to sell and pay investors etc 

these finances are responsible to pay only 1 lakh as per govt. law 

 

Most finance business is to get money for low interest rate and lend them for high interest rates… so u need to research to whom they lend …. India stock market is highly inflated especially small cap stocks are over valued and of these finance companies lends to risky businesses and businesses default then ur money is at risk 

 

Some finances also lend to general public like personal loans or car or home loans etc - so consider this too 

 

In near future, rbi increases interest rates so, let’s say shriram finance is paying now you 8% and lending for 11%, in future when rbi increases interest rate it will change to 9% and lend for 12% - so you will loose this additional 1%  if you invest now so better wait if u r planning for a long term investment 

[AndhraPickles]

31 minutes ago, Googlie said:

It depends on finance company you go with - some are not secure - so if shriram finance defaults they are not backed by any company assets to sell and pay investors etc 

these finances are responsible to pay only 1 lakh as per govt. law 

 

Most finance business is to get money for low interest rate and lend them for high interest rates… so u need to research to whom they lend …. India stock market is highly inflated especially small cap stocks are over valued and of these finance companies lends to risky businesses and businesses default then ur money is at risk 

 

Some finances also lend to general public like personal loans or car or home loans etc - so consider this too 

 

In near future, rbi increases interest rates so, let’s say shriram finance is paying now you 8% and lending for 11%, in future when rbi increases interest rate it will change to 9% and lend for 12% - so you will loose this additional 1%  if you invest now so better wait if u r planning for a long term investment 

What about "Tata capital wealth FD" bro...isn't it more secured and backed up by TATA sons..than shriram co..?

[Googlie]

55 minutes ago, AndhraPickles said:

What about "Tata capital wealth FD" bro...isn't it more secured and backed up by TATA sons..than shriram co..?

They might b under TATA umbrella but it won’t be backed by other TATA company assets - research though 

[AndhraPickles]

55 minutes ago, Googlie said:

They might b under TATA umbrella but it won’t be backed by other TATA company assets - research though 

Ok bro..thanks for the information..

[Aamphat]

22 hours ago, AndhraPickles said:

Like TATA and Bajaj corporate FD's..?

I have invested 12 lacs in Bajaj and 10 lacs in Shriram. and bought Shriram NCD's for 7 lacs. Bajaj and Shriram have AAA rating.

[AndhraPickles]

22 minutes ago, Aamphat said:

I have invested 12 lacs in Bajaj and 10 lacs in Shriram. and bought Shriram NCD's for 7 lacs. Bajaj and Shriram have AAA rating.

Great bro..for what terms bro..like 5 yrs..?

[Aamphat]

some 5 some 3 . If you are not worried about lock in perios go for RBI floating rate bonds. They give 7.15 percent and lock in period is 7 years and there is high chance that rates go up since RBI increased repo rate

[AndhraPickles]

3 minutes ago, Aamphat said:

some 5 some 3 . If you are not worried about lock in perios go for RBI floating rate bonds. They give 7.15 percent and lock in period is 7 years and there is high chance that rates go up since RBI increased repo rate

Thank you bro...for the info..

[Googlie]

9 minutes ago, AndhraPickles said:

Thank you bro...for the info..

You can also invest in postal saving scheme - it’s secured by govt and has good returns 

[AndhraPickles]

19 minutes ago, Googlie said:

You can also invest in postal saving scheme - it’s secured by govt and has good returns 

10 year with 8.25 PA FD is interesting rite...