Even if you keep money for 5 years in a bank deposit ie Fixed Deposit (FD), at this time you will be offered interest rate up to 5.5% only in big banks.
Secondly, your returns will be taxed. Now if you are in the highest tax bracket, then your returns will be very less. Therefore, instead of FD, you should look for another investment option.
One of the debt investment options is non-convertible debentures ie NCDs. In these you can get much more interest than FD. We will give information about the three best NCDs here :
(1) Where to buy NCDs and how safe are they?
NCDs can be purchased from share exchanges and if you buy them at the right prices, you can definitely earn a higher return than FD. As far as safety is concerned, NCDs can be both safe and unsafe. Most of the previously released NCDs have been safe. Know further the details of NCDs with AAA or AA rating, in which you will get more interest than FD.
NCDs also have a maturity. Maturity You get money with interest.
(1) Currently Britannia's debentures are getting 8 per cent interest. The debentures of Britannia will mature on 1 August 2022.
(2) Similarly, 9.50% interest will be available on Shriram Transport N2 debentures. These debentures will mature on 1 February 2023.
(3) Finally, let us know that 9.57% interest is being given on Edelweiss Housing N5 debentures. These debentures will mature on 1 July 2026.
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