PCHF bonds offer a chance at double-digit returns

With returns from ultra short-term funds and low-duration funds down to 3.6% and 4.21% over the last year, and bank fixed deposits offering 5.5% returns, retail investors are on the lookout for products that can give higher returns with some amount of certainty.

Synopsis

Investors looking to earn double-digit returns from their fixed income portfolio can consider an investment in the nonconvertible debentures of Piramal Capital and Housing Finance. The NCD, listed on the Bombay Stock Exchange, has a tenure of 10 years and matures in September 2031; it could yield a return of 10.92%.

Mumbai: Investors looking to earn double-digit returns from their fixed income portfolio can consider an investment in the nonconvertible debentures of Piramal Capital and Housing Finance.

The NCD, listed on the Bombay Stock Exchange, has a tenure of 10 years and matures in September 2031; it could yield a return of 10.92%.

“The promoters have a good track record and the product has intermittent cash flows with part of the principal amount

BY

ET Bureau

3 mins read, Last Updated:

Mar 09, 2022, 06:39 AM IST

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