Shriram Transport Finance Corporation (STFC) has come up with a Secured NCD Offer with very attractive interest rates of 11.25% per annum for 5 years and 11.5% for 7 years with an additional 0.25% for Senior Citizens
PenguWIN Recommends ***** 5 Stars
The scheme opens on 2nd July and closed on 22nd July 2014, with early closure option if the subscription is reached; demand is expected to be very high as its a AA+ rated secured instrument (by CARE and India Ratings Research) with probability of getting oversubscribed on day 1 itself. Monthly option of interest credit to bank A/c is available.
The product is suitable for Investors looking for regular income stream and who are in the 0 to 20% tax bracket, especially retired and Senior Citizens.
STFC is the business of Commercial vehicle financing and established in 1979. Its a financially sound company with profit after tax of Rs. 873, 1229, 1257, 1360 and 1264 crores respectively from FY 2010 to FY 2014
P.S. I am making a personal investment of 5 lacs
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