SAHARA BOND

POSTED BY Krups ON September 29, 2012 3:19 pm COMMENTS (14)

HELLO,

I invested Rs 10,000 / in sahara bond on Jan 2010,,now the over-smart agent is asking me to convert it into sahara Q shop bond, which will benefit me 2. sumthg percent after completion of 6 years. is it advisable to convert it, or ask for maturity amount, as RBI has already warn sahara to pay the maturity amount of investors within 3 months,,as per supreme court orders..what should I do?

14 replies on this article “SAHARA BOND”

  1. Sunita Singh says:

    HELLO,

    I invested Rs 10,000 / in fully paid up bonds “SAHARA ‘D'” on Jun 2007, Redemption date is 28/02/2015 and Redemption value Rs. 20000/ now the over-smart agent have nothing help me, as RBI has already warn sahara to pay the maturity amount of investors ,as per supreme court orders..what should I do?

    1. Hi Sunita

      I cant suggest anything here. You should talk to company on this and then to Police on fraud case if required

  2. Muthu Krishnan V says:

    krups: what was your final decision?

  3. Dear Krups, Sahara to me is not a routine investment thing. Not much info is availble in public domain regarding the operation. Also I can not say, what ‘ll be the fate of these Q shop bonds after 2-3 years here onwards?

    If you are a loyal Sahara investor for many years, you may invest. If this was your first one with Sahara, I w’d like you to withdraw money at this juncture & invest elsewhere.

    Thanks

    Ashal

    1. Krups says:

      My mom invested once, 400 / month for 5 years,,,she received once a cheque amount of RS 30,000 /- hence i invested with that faith. she received cheque recently before 3 months

      1. Muthu Krishnan V says:

        The CAGR (annualized return) is close to 9.15%. I am not sure of the tax aspects, but I suspect the taxation is similar to FD. Recurring deposit in any nationalized bank would provide same or better returns and also safety of capital upto 1 Lakh Rs. (in case the bank went bankrupt).

        Same 400Rs if invested month from oct 1 2007 to sep 1 2012 would have been Rs. 32893.00 as of sep 1 (gains tax free except for the returns on the last Rs 4800.00). ROI is 12.95%. of course, it is a roller coaster ride.

        As the sahara returns are less than or very close to RD rates of banks, would advise you to move to nationalized or reputed private banks (not cooperative banks please).

        1. If you are willing to invest for 6 years and okay to withstand the stock market turns, redeem the bond, invest in quantum liquid fund and start of SIP of 1000 Rs per month into quantum long term equity fund
        2. or invest completely in quantum liquid fund or hdfc debt funds for a period of 6 years to avail of indexation benefits
        3.open a FD in a nationalized / reputed private bank.

        1. Muthu Krishnan V says:

          The 400Rs investment example is in quantum long term equity fund

        2. Ramesh says:

          Can you explain point 2? I do not think that will apply for short term.
          Rest of the advice is spot on.

          1. Muthu Krishnan V says:

            hi ramesh,
            indexation is available after one full financial year. since the tenure is for 6 years, indexation is definitely available and will help with the final take-home amount. since it is a debt fund, it is relatively safer and less volatile compared to equity. Does this answer your question?

      2. Dear Krups, please invest elsewhere.

        Thanks

        Ashal

  4. Arshad Mirza says:

    @Krups : It means get your money back as soon as possible from Sahara. Dont fall into the trap again…the agent is just after his comission…

  5. Muthu Krishnan V says:

    wow!! There are real investors

    1. Krups says:

      hii,, am failed to understand with this comment. kindly advise

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