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With small savings rates, as well as, bank fixed deposit (FD) rates coming under pressure, the risk-averse investor would be seeking debt products that offer slightly higher rates. The good news is that non-banking finance companies (NBFCs) are once again lining up non-convertible debenture (NCD) issues. They are expected to offer retail investors 1.5-2.75 per cent higher interest rates than the State Bank of India’s long-term fixed deposit rate, currently at 6.25 per cent.
In July, Mahindra & Mahindra Financial Services and Srei Equipment Finance are expected to hit the market with their NCD issues. Being backed by a
In July, Mahindra & Mahindra Financial Services and Srei Equipment Finance are expected to hit the market with their NCD issues. Being backed by a
