Dear Sherus,

Enablers for better client conversations around Corporate Fixed Deposit offerings is an initiative to help you sail through client conversations and improve your own understanding on aspects of corporate deposits.

For your easy reference we have collected all the enablers pertaining to corporate deposits published so far (empanelled with 3 product providers till now) in this one mail and these can be easily accessed at your convenience through the links provided.

We will continue to update this compendium on an ongoing basis for updates as and when we empanel ourselves with more product providers. So watch this space for more.

3 benefits of investing in corporate fixed deposits

1. These offer attractive interest rates as compared with bank deposits and government bonds.
2. These are less risky as compared with equities.
3. The investment is not subject to market fluctuations since the deposit has fixed interest pay-out and the capital is held until maturity.

Key points to remember

1. Investments in corporate deposits are subject to credit risk of the corporate issuing the deposit.
2. Investments in corporate fixed deposits have a lock-in period and are subject to penalties on pre-mature withdrawals.
3. Since the interest rate for corporate deposits is fixed at the time of investment, in case of an interest rate increase, a client’s investment is locked in a lower interest rate yielding product.

As mentioned earlier, at present we have completed our tie up with 3 product providers : Bajaj Finance, LIC Housing Finance and Mahindra Finance. We are also empanelled with HDFC but due to the merger the investments in HDFC are on hold. So below are the list of enablers for both these providers.

We are thrilled to announce that customers can now invest in corporate fixed deposits (FDs) online through our website, www.sharekhan.com.

About Bajaj Finance fixed deposits

Bajaj Finance is a subsidiary of Bajaj Finserv Ltd and is engaged in the business of lending and acceptance of deposits. BFL is present in 2988 locations across the country and it accepts public as well as corporate deposits while offering a variety of financial service products to its customers. It has been awarded an "AAA" rating for its deposits by both CRISIL and ICRA, representing the highest level of safety as regards timely payment of principal and interest.

About LIC Housing Finance fixed deposits

Incorporated in 1989, LICHFL is one of the largest housing finance companies in India and among the pioneers in the country in ensuring access to housing finance for home ownership. It is a trusted financial services company, serving over 25 lakh proud homeowners. The corporate fixed deposit of the company is a AAA rated, offering stable returns across different maturities.

About Mahindra Finance fixed deposits

Mahindra & Mahindra Financial Services Ltd (MMFSL), a subsidiary of Mahindra & Mahindra Limited, is one of the most diversified NBFCs in India. The company has diversified into a financial services provider with a whole suite of financial solutions. It undertakes vehicle financing, mutual fund distribution, fixed deposits and personal loans tailor made to suite its unique customers. It has been awarded a "AAA" rating for its deposits by both CRISIL and India Ratings, representing the highest level of safety as regards timely payment of principal and interest. With over 30,000+ employees and 1600 branch offices, Mahindra Finance has a presence in every state in India. The company has an AUM of over Rs 89,907 crores with 10 million customers.

Corporate deposits ke bare mein customers ko educate kar, Sharekhan kar.