Dear Sreekanth,
As a part of diversifying my portfolio, I was thinking of investing in a NCD for monthly payments. Today in the newspaper I read about JM Financial NCD issue. I want your opinion regarding this issue. Are you going to review it? If not, how can I do my due diligence in evaluating this issue and assessing if it would be suitable for me?
Thank you in advance.
1 Answers
Hi,
JM Financial - Company, Subsidiary, Promoter and Group Companies are involved in certain legal and other proceedings (including criminal proceedings) that if determined against us, could have a material adverse effect on its business, financial condition and results of operations.
You may get an opportunity to subscribe to NCD issues from more stable companies. Higher the stability, lower can be the interest rates.
For example : L&T Finance NCD
If you decide to invest in a secured NCD issue, you may opt for NCD series which are up to 2 to 3 year period.
Kindly read :
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