Properly your math is appropriate however sadly it really works effectively solely at very small amount. Actually it’s month-to-month curiosity paying bond, so if you happen to do XIRR calculation, your return could be greater than 15%
Solely downside, this bonds are illiquid with very skinny traded amount.
For bond underneath query max traded amount in latest previous appears to be like like 1.3K (that’s simply 13 lakh rupees) on most day traded qty is simply 100.
So in case you are simply shopping for for few thousand, all the things works. If you wish to purchase for 1 lakh, your order itself will distort the worth and the yield.
Coming to the dangers, whereas most of your level are legitimate, simply wished to level one
As I stated, this isn’t actually a liquid bond. Since in all probability you simply purchased single bond, it appears to be like liquid. However it’s not.
Properly all the things appears to be like rosy, points floor solely when anyone begins digging.
From latest previous, each DHFL and Srei met this standards. There have been no points and all of a sudden scams began developing.
Additionally, when points comp up, worth gained’t cut back linearly, it wall be a vertical fall.
Sure as a result of this NBFC isn’t in actual property sector. This was initially Indiabulls client loans, which obtained renamed as Dhani. Indiabulls had separate NBFC for housing and actual property loans. This NBFC predominantly lends unsecure loans to retail investor.
With repeated lockdowns this sector can be coming underneath stress.
However yeah only for studying perspective, looks like a superb commerce.