This entry is part 11 of 11 in the series Fixed Deposit

omaxe_1Year 2015 -Fixed Deposit is most secured way to savings.  Investor always prefer Bank Fixed Deposit scheme as a safest investment option. Now other safest option available with extra interest Income. One such option is Non Banking Finance Companies which offer superior Interest rate than bank. Here is shortlisted  India’s top performing NBFC’s & Corporate Fixed Deposit Scheme-Jan-2015, they offer best Interest rate  

Overview

Jan-2015 -Fixed Deposit

The Reserve Bank of India authorized the companies to accept money from public & these NBFC’s perform the task under specified regulations of Reserve Bank of India.

Two type of schemes offer by Companies

1. Cumulative Option – This scheme  pay interest at the time of of maturity  with principle.

2 . Non Cumulative option Non cumulative option pay off the interest earned on investment on regular basis.  Monthly, Quarterly, Half yealy & Yearly option available.

NBFC

CompanyRating1 Yr2 Yr3 Yr4 YrSr.CitizenMin InvInt. Mode
Bajaj Finance LtdFAAA9.25%9.40%9.65%9.25%0.25%***M/Q/H/Y
Deewan HousingAAA10.00%10.00%10.00%10.00%0.50%10000M/Q/H/Y
Deewan Housing -Ashray DepositAAA10.50%for9.85%(40m)0.40%10000M/Q/H/Y
Gruh Housing FinanceCRISIL:FAAA ICRA:MAAA9.00%8.75%8.50%8.50%0.25%1000M/Q/Y
HDFCFAAA9.25%9.25%9.30%9.30%0.25%20000M/Q/H/Y
HDFC Platinum DepositFAAA9.25%9.25%9.30%9.30%0.25%>5crM/Q/H/Y
KTDFC (<25lakh)10.00%10.00%10.00%10.00%0.2510000Q/Y
LIC Housing FinanceFAAA8.90%9.00%9.20%10000H
Mahindra FinanceFAAA9.25%10.00%10.25%9.75%0.25%10000Q/H
PNB Housing FinanceFAA+9.65%9.40%9.40%0.25%20000H
Shriram UnnatiFAA+9.25%9.75%10.50%10.50%0.25%25000Q/H/Y
Bajaj Finance Ltd

  • Bajaj Finance is the holding company for the financial services business of the Bajaj Group.
  • “FAAA” rating by CRISIL
  • Engaged in Consumer Finance, SME Finance, Commercial lending
  • Interest Option available:  Monthly, Quarterly, Half Yearly & Yearly

Dewan Housing Finance Corporation Ltd. 

  • Engaged in Housing Finance.
  • Consistent profit making and Dividend paying Company.dhfl
  • PAT for 2012/13 of Rs.451 Crs. & Dividend of 50%.
  • “FAAA” by BWR & “(AA+FD)” rating by CARE.
  • If Deposit Amount 25 lac & Above than 0.25% additional interest
  • Compounded Half Yearly
  • Interest Option available: Monthly,Quarterly,Half Yearly & Yearly

Gruh Finance Limited 

  • A Subsidiary of HDFC Ltd, its a Housing Finance Company recognized by National Housing Bank.           gfl
  • Consistent profit making and Dividend paying Company.
  •  PAT for 2010/11 of Rs.146 Crs. & Dividend of 125%.
  • “FAA+” rating by CRISIL & “MAA+” by ICRA.
  •  0.25% additional interest for Senior Citizens & Trusts.
  •  Compounded Annually
  • Interest Option available: Monthly,Quarterly & Yearly                                                                                                                                       

HDFC Platinum Deposite

  • Engaged in Housing Finance                                                                                                                                              hdfc platinum2    
  • Consistent Profit making & Dividend paying Company
  • “FAAA” rating by CRISIL & “MAAA” rating by ICRA.
  • 0.25% additional interest for senior Citizens
  • Interest option available : Monthly, Quarterly, Half Yearly & Yearly

Mahindra Finance

  • Consistent Profit making & Dividend paying Company                                                                            mf
  • “FAAA” rating by CRISIL 
  • 0.25% additional interest for senior Citizens
  • Interest option available :  Quarterly, Half Yearly

 PNB Housing Finance

  • Engaged in Housing Finance                                                                                                                          pnb hg fi
  • Consistent Profit making & Dividend paying Company
  • “FAAA” rating by CRISIL & “MAAA” rating by ICRA.
  • 0.25% additional interest for senior Citizens
  • Interest option available : Monthly, Quarterly, Half Yearly & Yearly

Company

Companies /Corporate Fixed Deposit Scheme Jan-2015

Non Cumulative Option

 Cumulative Option

GATI

  • An ISO 9001:2008 Certify Company                                                                                                            gati
  • BBB+ rated by CARE
  • Company track record of profit making & dividend paying company.
  • Minimum Deposit 21000
  • Non Cumulative option Interest paid Quarterly

Network 18

  • Non Cumulative option Interest paid Quarterly                                                                                                              network18 logo 
  • Sr. Citizen 0.50% extra

Kirloskar Electric Company Ltd  

  • Established in 1946, KEC was the catalyst for industrialization in India.                                                      kirloskar logo        
  • One of the leading Indian Electric Engineering company.
  • KEC produced more than 70 products under eight product group.

 

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Fixed Deposit

 

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Before Investing

::Point to be Note before Investing in Company Fixed Deposit::
  • Always Invest in good track record company : Any company which has strong track record of performance & profit generation. Check companies Balance Sheet for last 5 years.
  • Check out Company reputation : If the company has already issued such FD scheme in the past, then you can check if they made timely interest payout & proper principal repayment.
  • Check company rating  Ignore the unrated Company Deposit Schemes. Ignore deposit schemes of little known manufacturing companies. For NBFCs, RBI has made it mandatory to have an ‘A’ rating to be eligible to accept public deposits. One should go further and look at only AA or AAA schemes
  •  It is better to make shorter deposit of around 1 year to 3 years. This way, you can not only keep a watch on the company’s rating and servicing, but also have your money back in case of an emergency.
  • Don’t Renew your FDR. First redeemed then if you want to reinvest again.  This process help you to check companies service issues. If your Maturity amount credit in your account late then you decide can process again or not.
  • Sector Selection :  It is important to make sure that the sector to which the company belongs is a well performing one. So, make sure that you study the sector of the company and figure out if the sector is expected to perform steadily over the next 2-3 years.
  • Interest Rate factor : If company offer Interest Rate very high, it show that company is desperate to raise money and is willing to offer an unusually high rate of interest to attract investor. Depends upon you invest in this type of company or not.
  • Diversify   Don’t invest all money in single company, select min. 4-5 company for investment.  Don’t put more than 10% of your investment in any particular single companies FD.
  • Involve your Financial Planner / Investment Adviser for advice in all your transactions. Do not bypass and invest directly. Adviser know about current market condition about specific company. Also trace yourself also. Some company pay higher brokerage for their product avoid this company.