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i''m very surprise, how can anyone on the earth recommend this IFCI NCD .. it just gives coupon rates between 9.4 to 9.9% .. go for any other NCD from secondary market (or wait for one to come) - all are giving at least 12%. Also these NCDs are secured and quite trustable companies (e.g. Sriram transport) which has very low possiblity of failing (if you''re paranoid then go for GOI bonds at 8%).

So my recommndation with above logic - don''t subscribe to IIFL