ICL Fincorp NCDs up for subscription

ICL Fincorp Introduces Attractive NCD Offering High Returns with Flexible Tenure

Expert Analysis:

• Diverse Interest Rates: ICL Fincorp's NCD public issue offers interest rates ranging from 11.00% to 13.01%, ensuring diversity in investment options.

• Flexible Tenure Options: Flexible tenure options from 13 to 68 months accommodate various investor preferences.

• Accessible Investment Size: Face value of Rs 1,000 each and a minimum application size of Rs 10,000 enhance accessibility.

• Impressive 68-Month Tenure: The 68-month tenure stands out with an impressive effective yield of 13.73%, potentially doubling investments.

• Strategic Fund Deployment: Strategic deployment of funds strengthens ICL Fincorp's gold loan business, ensuring operational fortification.

• Tailored Interest Rates by Tenure: Interest rates vary based on the tenure chosen, with the highest being 12.50% for 60 months, 12.00% for 36 months, 11.50% for 24 months, and 11.00% for 13 months.