FinWin: High Return Corporate Fixed Deposit Scheme

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Friday, October 16, 2009

High Return Corporate Fixed Deposit Scheme - KCP Ltd.

KCP Limited a part of KCP group offers lucrative fixed deposit scheme:
Highlights:
Non-Cumulative Deposit
Tenure: 1 to 3 years
Rate of Returns: 10 to 10.5 % p.a.
Min. Investment: INR 21000/- and thereafter in multiple of 1000
Payout: Quarterly
Risk: Credit rating from Credit rating agency not known (check website for more details)

Cumulative Fixed Deposit
Tenure: 1 to 3 years
Rate of Returns: 10 to 11% CAGR
Payout: On Maturity
Risk: Credit rating from Credit rating agency not known (check website for more details)

At the look of it the fixed deposit scheme looks quite attractive from a good company, but before taking an investment decision ensure to read all terms and conditions, risk factors etc. I am not sure if the scheme has sought any credit ratings for the instrument from 3rd Party Credit Rating agencies like ICRA, CRISIL or any others.
Click here for more detail or alternate link