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Questions (FAQs) on
What is a Corporate Fixed Deposit (FD)?
A company fixed deposit or corporate fixed deposit receipts (FDRs) is similar to fixed deposits with banks. Just like banks you invest for a fixed tenure for a pre-fixed rate of interest. Companies want to raise capital via fixed deposits route and you as an investor get to make investment in corporate FDs. The interest rates of company fixed deposits is generally 1-3% higher than the prevailing bank FD rates and hence they turn out to be attractive investment option.
Why should you invest in Company Fixed Deposit Schemes?
Corporate FDRs generally bring you higher returns than bank FDs, though they are not as safe as them. But they are rated by independent rating agencies and based on that you can pick & choose some relatively safe & secure corporate FD schemes to invest in. These corporate FDs also offer you flexibility in terms of the amount that you wish to invest and the time period for which you want to invest your money. They also offer you a mode of diversifying your portfolio into debt instruments.
What are the best Corporate Fixed Deposits (FDs)?
Some of the most popular & top rated corporate FDRs are :
Bajaj Finance Ltd Corporate FD
DHFL-Aashray Corporate Fixed Deposit Plus
GRUH Finance Ltd Corporate FD
HDFC Ltd. Corporate FD
HDFC -Premium Corporate Fixed Deposits
HUDCO Corporate FDs
ICICI Home Finance Corporate FD
KTDFC Ltd. Corporate FD
LIC Housing Finance Ltd. Corporate FD
Mahindra and Mahindra Financial Services Ltd FD
PNB Housing Finance Corp FD
Shriram City Union Finance Ltd Corp FD
Shriram Transport Finance UNNATI Corp FD
Sundaram BNP Paribas Corporate FD
How does a Corporate FD advisor help?
Investing in Corporate FDs are not that easy. Each of the FDs come with their own terms & conditions, varied coupon rate & maturity periods. Various credit rating agencies like ICRA, CARE, CRISIL rate the FDs as per their own rating parameters. Their interest rates also vary widely. Looking at all these complications you need an expert advisor for corporate FDs. A corporate FD investment advisor helps you understand these intricacies and pick out the best corporate deposits for you. A corporate FD advisor doesn’t charge you advisor fees for investing into FDs and hence taking the services of a corporate FD advisor must be your first thing to do when you think of investing in corporate fixed deposits.