Company Fixed deposits – Which is better and how to find their CRISIL rating?

POSTED BY VG ON December 25, 2010 4:00 am COMMENTS (4)

In the past I have always invested in Bank FDs, but now for the 1st time I am planning to invest around 50K – 1 lac in corporate FDs, due to the higher interest rates offered by them.

I am planning to invest in FDs by Unitech or Jai Prakash Associates. I tried to find the ratings for them on CRISIL, but couldn’t locate the same (chkd the link ‘Ratings List > Credit Ratings list’ but couldnt find these companies), can someone plz guide me or provide a link of corporate FD ratings on the CRISIL site?

Also, according to you which amongst Unitech & Jai Prakash Associates is safer? Any other company FD that you would recommend (out of personal experience) ?

Regards,
Vaibhav

P.S. – I Have already gone through the blog article –

https://www.jagoinvestor.com/2010/04/are-company-fixed-deposit-safe.html


 

4 replies on this article “Company Fixed deposits – Which is better and how to find their CRISIL rating?”

  1. Vaibhav Goyal says:

    @Balaji,
    Many thnx for the info. But as Manish said, plz do provide the source for this and the link to find ratings on the CRISIL/ICRA site, if you are aware of the same.

    @Atul,
    Good idea, will go thru people’s reviews on mouthshut.com.

    @All forum readers,
    Still waiting for the answer on how to find ratings for corporate FDs on CRISIL/ICRA sites. Do share if u r aware of it. Yes, they can probably be found through google, but it would be good to know how to locate them on the official website.

  2. Atul says:

    Hi Vaibhav,

    Since Company FDs give more returns compared to normal Bank FDs the risk is higher.

    I checked people feedback regarding JP Associates and Unitech on http://www.Mouthsgut.com and found that there have been lapses in getting the receipts, withdrawals etc.

    Please take your own call.

    Regards

    Atul

  3. balaji bs says:

    dear friend,

    thanks for ur question plz find below corporate deposits which offers better returns with high ratings as follows

    1. Mahindra Finance Samruddhi Fixed Deposit:

    · Rated FAAA by CRISIL indicating high safety

    · 9.50% p.a interest for 3 years (Cumulative Option)

    · 0.25% p.a additional interest for Senior Citizens

    · One of India’s leading NBFCs with a vast network of over 450 branches

    · Assets Under Management in excess of Rs. 10,000 Cr

    · Profit Before Tax (PBT) crossed Rs. 500 Cr for 2009-10

    2. J.P. Associates Fixed Deposit:

    · High attractive interest rates ranging between 10.50-11.50% p.a.

    · Minimum investment amount of just Rs. 20,000

    · A listed company engaged in the business of Construction, Cements, Engineering, Power and Hospitality

    · Profit After Tax (PAT) of over Rs. 1,700 Cr for 2009-10

    3. HDFC Platinum Fixed Deposit:

    · Rated FAAA and MAAA by CRISIL and ICRA respectively indicating highest safety

    · Offers attractive rates of 8.50-8.80% p.a for 22/33 Months tenure

    · 0.25% p.a. additional interest for Senior Citizens

    · Loan against deposit available after 3 months from the date of deposit

    · One of India’s premier housing finance companies with loan disbursements in excess of Rs. 50,000 Cr (2009-10)

    · Profit After Tax (PAT) of over Rs. 2,800 Cr for 2009-10

    4. Shriram Unnati Fixed Deposit:

    · Rated FAA+ by CRISIL and MAA+ by ICRA indicating high safety

    · Attractive interest rate of 10% p.a for 3 years

    · Minimum investment amount of just Rs. 25,000

    · Largest asset financing NBFC in India

    · Profit After Tax (PAT) of over Rs. 870 Cr (2009-10)

    · Consistently making profits and paying dividends

    1. What is the source of Information ? Link ?

      Manish

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