I am looking to invest my money for one year to earn good returns. Muthoot Mercantile Ltd. is offering NCD IPO Series II as follows:
The bond is available for 362 days with monthly interest payment and is rated BBB. Should I proceed with the investment? Are there any better or safer options available with similar returns? The quantum of money to be invested is under Rs. 5 lacs.
Also looking for advise for someone who has previously invested in the BBB rated bonds.
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