KLM Axiva issued its 5th time NCD with attractive rates of interest.
KLM Axiva Finvest NCD
Non‐Convertible Debenture (NCD) is a supreme investment if you are looking for an investment that makes a fixed income systematically. It's an economic instrument for defined tenure to raise resources or funds through public issues. It is very similar to a fixed deposit in a way that at the time of reclamation, the return is fixed. It also provides a higher rate of interest.
KLM Axiva issued its 5th time NCD with attractive rates of interest. There are 10 investment plans and various schemes ranging from 12 months to 80 months that offer interest rates ranging from 10.00% to 11.25%. There is also a scheme where the investment amount will be doubled in 80 months. The face value of the bonds is Rs.1000 and the minimum deposit is Rs.5000.
The new NCD issue aims to raise ₹200 crores. You can invest in KLM Axiva NCD from September 30 to October 26 this year. Interest payouts are either monthly, quarterly, half-yearly, or annually. It also offers a cumulative benefit where the interest gained is reinvested and paid at maturity.
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