Dear Members,
I have recieved an email from IIFL about investing in IIFL Bond.
I have never invested in Bonds. Need your guidance. Is this a safe & risk free instrument.
Checklist that one needs to evaluate these type of products.
Below is a screen capture of the mail.
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12.75*
%p.a.
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| 6 Year IIFL Bonds Un-Secured, Redeemable, Non-Convertible Debentures |
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Key Features
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Monthly option yield @ 13.52% p.a
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Monthly, Annual, Cumulative interest options
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Tradable NCDs to be listed on NSE & BSE
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No Tax deduction at Source on interest
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CRISIL “CRISIL AA-/Stable”
ICRA “[ICRA] AA-Stable
Indicates a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.