Corporate Fixed Deposit: Safe to invest

POSTED BY Sandeep ON October 12, 2012 11:02 pm COMMENTS (2)

Hello Ashal, Hello Manish,

Following email received from ICICI direct. Calculation is for 1 lac.  Your view please.

Generally, I dont go with Corporate or co-op bank FD’s.

Yield Comparison Table
Tenure (Years) DHFL Mahindra Finance Shriram Transport Finance
Yield Maturity Value of 1 Lakh Yield Maturity Value of 1 Lakh Yield Maturity Value of 1 Lakh
1 10.78% 110,780 9.25% 109,250 9.25% 109,250
2 11.36% 122,720 10.50% 121,000 10.23% 120,460
3 12.25% 136,750 11.34% 134,020 11.94% 135,820
4 12.65% 150,600 11.27% 145,080 12.60% 150,400
5 13.36% 166,800 11.85% 159,250 13.32% 166,600

 

Regards

Sandeep

2 replies on this article “Corporate Fixed Deposit: Safe to invest”

  1. Dear Sandeep, in which tax slabs you falls? depending upon your tax slab, your actual return from these FDs ‘ll be different.

    Thanks

    Ashal

  2. Is this before tax or after tax ? If before tax, then the final tax rate would be close to 10% , then may be tax saving FD’s might turn out to be more secure option ?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today