ICL FinCorp Brings New NCD Issue, Investment Opportunity Available Until May 9

ICL FinCorp, a prominent name in the Indian financial market, has recently launched a new Non-Convertible Debenture (NCD) issue, offering investors a chance to earn fixed income until May 9. NCDs are fixed-income securities issued by companies, providing investors with a reliable source of income in the form of interest payments.

In this blog, we will discuss the details of ICL FinCorp’s NCD issue, the interest rates, benefits, and why this could be a great investment opportunity for you.

1. Details of ICL FinCorp's NCD Issue

The ICL FinCorp NCD issue offers fixed interest rates and a secure investment opportunity for retail and institutional investors. Below are the key details:

• Issue Size: The total NCD issue size is ₹200 crore, with an option to retain oversubscription up to ₹200 crore.
• Issue Type: This is a public issue of NCDs, and the interest is paid at regular intervals.
• Issue Dates: The subscription period for the NCDs is open and will close on May 9.
• Face Value: Each NCD will have a face value of ₹1,000.
• Interest Payment Frequency: Investors can choose to receive interest payouts annually or monthly, depending on their preferences.

2. Interest Rates

ICL FinCorp has set competitive interest rates for this NCD issue, which can attract income-seeking investors. The interest rates offered are:

• Annual Option: 9.00% per annum
• Monthly Option: 8.70% per annum (equivalent monthly payouts)

These rates are higher than many traditional fixed-income investments like fixed deposits, making the NCD a promising option for those seeking higher returns.

3. Who Should Consider Investing?

This NCD issue can be attractive to investors looking for fixed-income options with better returns than bank fixed deposits or bonds. It is ideal for:

• Conservative investors seeking a stable, predictable income.
• Long-term investors who are looking for tax-efficient investment opportunities.
• Retired individuals seeking regular income from their investments.

4. Benefits of Investing in ICL FinCorp's NCD

There are several reasons why this NCD issue could be a great investment choice:

• Higher Returns: The offered interest rates are more competitive than traditional savings accounts and FD returns, especially when compared to current market rates.
• Regular Income: Investors can receive interest payouts regularly (either monthly or annually), making it suitable for those who rely on steady cash flows.
• Secured Investment: NCDs are secured, meaning the company pledges assets in case of default. This reduces the risk for investors compared to unsecured loans or debentures.
• Diversification: Adding NCDs to your portfolio can help you diversify your investment, reducing risk while providing fixed returns.

5. Risk Factors

While NCDs are generally considered safe, it is important to note some potential risks:

• Credit Risk: If ICL FinCorp faces financial difficulties, there is a risk of delayed payments or defaults. It's important to review the credit rating assigned to the company before investing.
• Interest Rate Risk: In the event of rising interest rates, existing NCDs may lose value as newer issues may offer better rates.

6. How to Invest in ICL FinCorp's NCD

To invest in this NCD issue, you can follow the steps below:

1.    Eligibility: Investors can apply for NCDs through their demat account.

2.    Application Process: Visit the official website of ICL FinCorp or any associated brokers offering the NCD. You can fill in the required forms and make payment.

3.    Payment Method: Payment for the NCD can be made through Net Banking, RTGS, or Demand Draft.

The ICL FinCorp NCD issue provides an excellent opportunity for investors to earn fixed income with attractive interest rates. With the investment window open until May 9, it’s essential to act fast to lock in your investment. However, before making any decisions, be sure to assess your financial goals, risk tolerance, and consult with a financial advisor if needed.

If you’re seeking a stable, higher-return investment, ICL FinCorp’s NCD issue is definitely worth considering.

Disclaimer: This article is for informational purposes only. Please consult a financial advisor before making any investment decisions.