Hi,
Ive just found out that Mahindra and Mahindra Finance Ltd. is offering fixed deposits at 8% per annum. Since Mahindra is a very big company, I thought the risk involved would be very low. Also, it is rated FAA by Crisil, which indicated High Safety.
Please comment on these FD's and whether it is wise to invest in them at this time.
Thanks,
Ive just found out that Mahindra and Mahindra Finance Ltd. is offering fixed deposits at 8% per annum. Since Mahindra is a very big company, I thought the risk involved would be very low. Also, it is rated FAA by Crisil, which indicated High Safety.
Please comment on these FD's and whether it is wise to invest in them at this time.
Thanks,