Mrigaashree Capital Private Limited facilitates access to a range of fixed-income products from established banks, housing finance companies and other financial institutions. Our role is limited to sourcing, sharing product information and providing servicing support.
1.Fixed Deposits
We facilitate Fixed Deposits from select banks and financial institutions, subject to prevailing availability, rates and eligibility.
Preferred issuers/options include:
- ICICI Home Finance Co. Ltd
- HDFC Bank
- Bajaj Finance Ltd
- Mahindra & Mahindra Financial Services Ltd
- PNB Housing Finance Ltd
- Shriram Finance Ltd.
Key features:
- Predetermined tenure and interest rate
- Option of regular interest payout or cumulative interest, wherever available
- Suitable for investors seeking relatively predictable returns
- Different tenure options to help create a staggered maturity/FD ladder
- Taxation of interest as applicable under prevailing tax laws
- Premature withdrawal, nomination and other terms are subject to the respective issuer’s conditions
Important: Bank FDs and deposits with financial institutions may have different regulatory frameworks and risk characteristics. Investors should review the applicable terms, credit profile and deposit-insurance provisions before investing.
2.54EC Capital Gains Bonds
Preferred issuers:
NHAI | REC | IRFC
54EC Bonds can be considered by eligible investors seeking to reinvest eligible long-term capital gains arising from the transfer of land or building or both, subject to the conditions prescribed under Section 54EC.
Key features:
- Designed primarily for eligible capital-gains reinvestment
- Investment must generally be made within 6 months from the date of transfer
- Deduction is subject to the statutory limits; the current tax-filing framework recognises a maximum investment of ₹50 lakh for Section 54EC.
- Generally carries a 5-year lock-in period under the applicable provisions
- Interest is taxable as per the applicable tax provisions
- Suitable primarily where the investor has an eligible capital gain and the objective is to seek exemption under Section 54EC
The applicability of the exemption depends on the nature of the capital asset, timing of investment and other statutory conditions.
3. RBI Floating Rate Savings Bonds, 2020 (Taxable)
Facilitation/servicing: HDFC Bank and other authorised receiving offices.
These are Government of India securities, rather than HDFC Bank bonds. HDFC Bank is one of the authorised receiving offices through which subscriptions and servicing can be facilitated.
Key features:
- Sovereign-backed investment issued by the Government of India
- 7-year maturity from the date of subscription
- Interest is paid half-yearly
- Interest rate is floating, linked to the prevailing National Savings Certificate (NSC) rate with an additional spread of 0.35%
- The interest rate is reset every six months
- The bonds are non-tradeable
- Interest is taxable as per the applicable income-tax provisions and TDS may apply
- Premature redemption is permitted only for specified eligible investors/categories and subject to the applicable conditions.
Our Role: –
Mrigaashree Capital Private Limited does not guarantee returns, repayment or performance of any fixed-income product. Our role is limited to facilitating sourcing, sharing relevant product information and providing servicing assistance. Investment decisions remain the responsibility of the investor.
Disclaimer: For fixed deposits and bonds, Mrigaashree Capital Private Limited is not associated with Kotak Securities Limited. In case of any dispute with respect to these products, clients will not have access to Kotak Securities Limited. These products are facilitated through Partner Banks, NBFCs and respective issuers and are subject to their own terms, conditions, interest rates and eligibility criteria. Returns and interest rates are as declared by the respective issuer and are subject to change. Corporate/company deposits and bonds carry issuer credit risk; investors should read the offer document and relevant terms carefully before investing. This page is for general information and education only and does not constitute investment, tax or legal advice, or an offer or solicitation to invest.