Nov 2016 Economic Times
“There is a rush amongst investors to lock into longer-tenure products and where there is no announcement of rate cuts so far.”
Savvy investors are set to make a killing from DHFL’s recently-concluded non-convertible debenture (NCDs) issue. They could make an annualised return of almost 50% if the NCDs are sold on listing around mid-August.
Falling rates appear to be prompting a shift from traditional bank term deposits to alternative investment avenues including taxfree bonds and select mutual fund debt schemes.