InCred to launch maiden MLD for retail investors

economictimes.indiatimes.com:

InCred Financial Services is set to launch its first issue of market-linked debentures for retail investors, with the returns of the product linked to the Nifty 50 index. The issue offers 100% protection of the principal amount at maturity and a minimum total return of 14% on the maturity date, which is August 31, 2025, the non-banking financial company said in a statement.

Market-linked debentures (MLD) are debt products that provide returns derived from the performance of a market index or any other instrument. «To address the challenge of illiquid secondary markets for debt instruments, we are also offering the feature of 'anytime liquidity' on the InCred Money platform,» said Vijay Kuppa, CEO, InCred Money.

The product, which is A+ rated, is exclusively available on the InCred Money platform. It also offers an upside participation option in the Nifty 50 index which can translate into a total return of 30% at maturity, the company said.

InCred Money is the retail wealth-tech arm of the InCred Group. «This MLD product enables investors to participate in the Indian equity growth story, with principal protection and a minimum guaranteed return,» said Bhupinder Singh, group CEO, InCred.