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Thread: Fixed Deposits by JAYPEE and Mahindra

  1. #1
    PolicyWala NewBie
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    Default Fixed Deposits by JAYPEE and Mahindra

    I am looking to invest around 50000/- in FD offered by companies. Can you please tell me how safe Fixed deposits of Mahindra Finance and Jaypee Associates are? I could not find any CRISIL or CARE ratings for them?




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    Moderator CONFUSED's Avatar
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    I personally don't invest in company FDs, so I have not much idea. I have checked on Google and Mahindra FD is assigned AA+ rating from CRISIL indicating High Safety.
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    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.

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    Quote Originally Posted by Insured View Post
    I am looking to invest around 50000/- in FD offered by companies. Can you please tell me how safe Fixed deposits of Mahindra Finance and Jaypee Associates are? I could not find any CRISIL or CARE ratings for them?
    I am not sure whether above FD are still available. Please check with your advisor.
    * SAFE
    Self Appointed Financial Expert

  4. #4
    NewBie
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    Quote Originally Posted by CONFUSED View Post
    I personally don't invest in company FDs, so I have not much idea. I have checked on Google and Mahindra FD is assigned AA+ rating from CRISIL indicating High Safety.
    5 Nov'2009 - CRISIL has revised its rating outlook on Mahindra & Mahindra Financial Services Ltd’s (Mahindra Finance’s) debt programmes and bank facilities to ‘Stable’ from ‘Negative’.

    Source - crisil.com

  5. #5
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    Quote Originally Posted by Insured View Post
    I am looking to invest around 50000/- in FD offered by companies. Can you please tell me how safe Fixed deposits of Mahindra Finance and Jaypee Associates are? I could not find any CRISIL or CARE ratings for them?
    Avoid JP Associates.
    Anything dropped on the floor will roll over to the most inaccessible corner.


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