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Thread: Monthly Income Scheme in Sriram group!

  1. #1
    NewBie
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    Exclamation Monthly Income Scheme in Sriram group!

    I want to invest above five lakhs on monthly income scheme. Kindly guide me, whether Sriram group is good and safe to invest?


  2. #2
    PW Guru
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    From your question it is not clear - do you want to invest in the Sriram Group Company Deposit?
    You will pick up maximum wrong numbers when on roaming.

  3. #3
    NewBie
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    I am talking about the Sriram Transport's Fixed Deposit with Minimum investment Rs.25000/-. Who's rating is - RATING FAA+ by CRISIL and MAA+ by ICRA.

  4. #4
    PW Guru
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    Quote Originally Posted by lokeshz View Post
    I am talking about the Sriram Transport's Fixed Deposit with Minimum investment Rs.25000/-. Who's rating is - RATING FAA+ by CRISIL and MAA+ by ICRA.
    I personally avoid them because -
    Are public deposits guaranteed by RBI?
    No. Though the fixed deposits of SHRIRAM TRANSPORT FINANCE COMPANY LIMITED are within its regulatory framework, RBI does not undertake any responsibility for the repayment of deposits/discharge of liabilities by SHRIRAM TRANSPORT FINANCE COMPANY LIMITED. The depositor is advised to satisfy himself about the financial position and all relevant aspects before placing his deposit.
    You will pick up maximum wrong numbers when on roaming.

  5. #5
    NewBie
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    Thanks Madhura! Pointing this to me.

  6. #6
    Super Moderator PolicyWala's Avatar
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    Quote Originally Posted by lokeshz View Post
    Thanks Madhura! Pointing this to me.
    Lokeshz - You can try IFCI Bonds, read here - http://www.policywala.com/forum/show...fci-bond-issue


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