I think one should keep it simple. If you like IDFC Bank & wish to buy & hold it for a year or more, then it makes sense to buy IDFC today & benefit from the price differential.
IDFC Bank is fast expanding its branch network in all the prime areas, here in Mumbai. I guess the same must be happening in other cities as well. The 7% rate of interest, compounded monthly, on savings account balance above 10 lacs is indeed attractive, along with a host of other services that come free with the account.
Along with the 15% arbitrage that is there for the taking, if one gets another 10-15% price appreciation over the next year, it would make for a decent investment. That said, with Mr. Vaidanathan at the helm, one would be well advised to stay put & not exit with the 25-30% gains. This one could potentially be a really long hold!
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