Invest in Corporate Fixed Deposits

Corporate_fixed_deposits_NCDWith rising interest rates and volatile market investors are looking for save heavens. And the most popular instrument is Bank Fixed Deposits. But with rising interest rate coupled with tougher loan criteria from banks, companies have come out with attractive fixed deposit schemes with attractive interest rates. These are also known as Corporate fixed deposits and non-convertible debentures (NCDs).

A word of caution – the returns seems attractive but these investments are usually more riskier than bank fixed deposits and there have been several instances of default by companies in the past in India. So a due diligence on rating and past records is advised.

Below is a list of companies with their rating and interest rate offered for different tenures.

Company Name Rating Interest rate for 6 Months Interest rate for 1 Year Interest rate for 2 Years Interest rate for 3 Years Interest rate for 5 Years Additional Interest for Senior Citizens
Alembic Pharmaceuticals Ltd 9.50% 9.00% 9.00%
Ansal Housing & Constructions Ltd 10.00% 11.00% 11.00% 11.50%
Ansal Properties & Infrastructure Ltd 11.50% 12.00% 12.25% 12.50%
Apollo Hospitals Enterprises Ltd 9.00% 9.25% 9.50%
Canfin Homes Ltd ICRA-MAA+ 9.75% 9.75% 9.50% 8.50% 0.50% (upto 1 cr)
DHFL Aashray Deposit Scheme 365 Days CARE-AA+; BWR-FAAA 11.00%
DHFL Aashray Deposit Scheme Care AA+; BWR FAAA 10.75% (400 Days) 0.50%
DHFL-Aashray Deposit Plus CARE-AA+; BWR-FAAA 10.50% 10.50% 10.50% 10.50% 0.50%
DHFL-Swayam Sidha Deposit  10.50% (500 Days) 0.50%
Elder Pharmaceuticals Limited 10.00% 11.00% 12.00% 0.50%
Exim Bank of India CRISIL-FAAA; ICRA-MAAA; FITCH- TAAA 9.25% 9.25% 9.25% 9.00% 0.50%
Fenner (India) Ltd 9.00% 9.25% 9.50%
Gabriel India Limited 9.00% 9.50% 10.00%
GATI Ltd 10.00% 10.50% 11.00%
HDFC Ltd CRISIL-FAAA; ICRA-MAAA 9.50% 9.65% 9.75% 9.50% 0.25%
HDFC Ltd-PLATINUM DEPOSIT CRISIL-FAAA; ICRA-MAAA 10.00% (15 Months) 10.00% (33 Months) 0.25%
HUDCO FITCH-TAAA; CARE-AA+ 9.40% 9.40% 9.10% 9.10% 0.25%
ICICI Home Finance ICRA-MAAACARE-AAA 8.25% 8.75% 8.75% 8.50% 0.25%
J.K Laxmi Cement Ltd 9.00% 9.25% 9.50%
J.K.Tyre & Industries Ltd 9.00% 9.25% 9.50% 0.50%
Jaiprakash Associates Ltd 11.50% 11.75% 12.25% 12.50%
Jaypee Infratech Limited 11.50% 11.75% 12.25% 12.50%
JK Paper Ltd 8.50% 9.00% 9.50%
Kerala Transport Development Finance Corporation Limited 10.25% 10.25% 10.25% 10.00% 0.25%
LIC Housing Finance Ltd CRISIL- FAAA 9.00% 9.25% 9.50% 9.50% 0.10% upto Rs. 50,000 and 0.25% for above Rs. 50,000
Mahindra and Mahindra Financial Services Ltd 9.50% 10.25% 10.50% 10.00%
NTPC Limited CRISIL-FAAA 7.50% 7.75% 8.00%
OCL Limited 7.50% 8.00% 8.00%
Plethico Pharmaceuticals Limited 11.00% 11.50% 12.00% 0.50%
PNB Housing Finance Ltd CRISIL – FAAA 9.50% 9.50% 9.75% 9.75% 0.50%
Premier Ltd 11.00% 11.50% 0.50%
Shriram Transport Finance UNNATI Scheme CRISIL-FAA+; ICRA-MAA+ 9.25% 9.75% 10.75% 10.75%
SIDBI CRISIL-FAAA; CARE-AAA 9.50% 9.25% 9.25% 9.00% 0.50%
TN Power Finance & Infrastructure Dev Corp. Ltd 9.25% 9.50% 10.00% 10.00% 0.25% upto 2 years and 0.50% for 3 years & above
United Spirits Limited 11.00% 11.50%

Note: All care has been taken that the above information is accurate. However you are advised to consult your financial advisor or respective companies before you make an investment.

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