Edelweiss NCD offers up to 9.90%; should you go for it?

 

Edelweiss Financial Services Ltd has announced a Public Issue of SECURED Redeemable NCDs (Non-Convertible Debentures). This NCD provides 9.90%* return on capital risk-free. These NCD are secured by Government Guarantee, so this is a Secured investment without any the lock-in period which is redeemable by selling in the open market.

Important Points

This Secured NCD gives is a magnificent opportunity to retail investors to keep grow their savings at an excellent rate and with complete safety

The minimum investment is only ₹10,000.

This NCD has a Coupon rate of 9.70% with an extra incentive of 0.20% if the investor is also a shareholder of Edelweiss Financial Services.

Edelweiss Financial Services is listed on both NSE and BSE having symbol as EDELWEISS. It closed at 80.8 per share on Wednesday 11 Aug 21.

To Invest/Purchase this NCDs, investor must have a DEMAT Account as this NCDs are available in dematerialized form only.

Click on the link below to open a free Demat account with one of the largest broker in India. (No hidden charges)

This NCD are redeemable, which means that if an investor wants to cash in, he can at any point of time before the maturity

This issue is First cum First Basis. And this issue is expected to be fully subscribed in just the couple of days after opening (as per a source inside the company). So don’t take too long to grab this amazing opportunity.

  

Issue Details

This issue opens on 17 August 2021 Tuesday and closes on 06 September 2021 Monday.

The issue size is of ₹ 200 cr with a green shoe option of another ₹ 200 cr aggregating to ₹ 400 cr. Each NCD has a Face value of ₹ 1,000 and they are being issued at Face value only.

This NCD will be listed on BSE Exchange after its closure in six working days.

This NCD is having multiple series (in other words, Options) to choose from.

 

 

Ascentfy recommends to choose the VII series, whose maturity is after 10 years and give monthly interest pay-out with an yield of 9.90%* and then to invest this interest into an SIP in a good fund. This strategy will give an investor the return of capital of more than 22% with the capital secured by Government Guarantee.

Contact us now to purchase this NCD and earn more than 22%

 

Upcoming Blog Title

Are Secured NCD (Non Convertible Debentures) a safer bet than Bank Fixed Deposits?

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