Like banks,some of the companies and NBFCs with prior permission of RBI / SEBI can raise money through fixed deposit schemes.
Some of the famous fixed deposits are as follows.
1.HDFC Platinum deposits.
2.Shriram Transport Finance Fixed deposits.
3.DHFL Fixed deposits.
4.Unitech fixed deposits.
5.Mahindra Finance fixed deposits.
All of the above(except unitech) are RBI approved non-banking finance companies and carries good fundamentals while Unitech is a real estate company.
Its always recommended that one can invest a small portion of overall portfolio in these deposits as they offer good diversification in portfolio.
One can have details of profit / loss, companies assets,liabilities, secured/unsecured loans and other financial details in companies website and investors can take decision based on this information.
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