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SSY vs Adani NCD: On the one hand there is a guaranteed returns government scheme Sukanya Samriddhi Yojana, on the other hand NCD offer giving high returns of Adani Group. Know which is more beneficial in both and which option for you …Read more
The NCD scheme of Adani Enterprises will open from 9 July.
Highlights
- Opportunity to earn more than 9 percent interest!
- Adani Enterprises Limited is bringing NCD.
- AEL announced to raise ₹ 1,000 crore.
Sukanya Samriddhi Yojana: Guaranteed Investment for Daughters
Sukanya Samriddhi Yojana is a small savings scheme that is only for girls. The scheme is currently getting an annual interest of 7.6 per cent in this scheme and it is completely tax free. In this scheme maximum can be invested for 15 years and maturity is at the age of 21 years of daughter. The most important thing is that this is a government scheme, so the risk is zero.
Adani Group’s flagship company Adani Enterprises Limited (AEL) on Sunday (July 6) has announced the release of the second public issue of Securord, Rated and Listed Redemable, Non Convertible Debenture (NCD) up to 1,000 crores. This issue will open on July 9 and will close on July 22 and it will be given interest of up to 9.30 per cent annually to NCD holders. This return is much higher than Sukanya Samriddhi Yojana. However, NCD is more risky, because if the company defaults, then your money can be stuck.
What are non-convertible debentures (NCD)
When a company borrows money, it can raise money from people through NCD. NCD means non-convertible debenture is a kind of loan, in which the company gives you a chance to invest money for the scheduled time and gives fixed interest on it. In this, there is better returns from the bank FD or Sukanya Samriddhi Yojana but there is also a risk.
If your goal is a long -term savings for special motives like daughter’s education or marriage, then Sukanya Samriddhi Yojana is a better and reliable option. On the other hand, if you can take a little risk and want more returns, then NCD of Adani Enterprises can make it to your portfolio.
After starting a career with print media, he has been working as Senior Copy Editor in News18Hindi for the last 5 years. Business news team has been part of the team for almost 2 years. He has a decade experience in journalism. ,Read more
After starting a career with print media, he has been working as Senior Copy Editor in News18Hindi for the last 5 years. Business news team has been part of the team for almost 2 years. He has a decade experience in journalism. , Read more
