Alerts: Tread with care

Real estate developer DS Kulkarni is coming out with a secured non-convertible debenture (NCD) issue to raise funds for projects under development. Interest rates for the NCD certainly look attractive, at 12.5-12.75 per cent for various tenures and payout options. Women investors and senior citizens are offered an additional 25 basis points. The offer involves moderate risk, with a BBB+ grade from ratings agency CARE. If you want to ensure the lowest risk for your investment, AAA-rated instruments are preferable.

Do you invest in or borrow money from NBFCs? If so, it’s a good idea to check whether any red flags have been raised by the regulatory authorities on dealings with an institution before you transact with them. The Reserve Bank recently cancelled the registration of six NBFCs based in Delhi, namely GE Strategic Investments India, Profound Exports, Two Brothers Holdings, Swank Services, Praxis Consulting and Information Services and Credible Microfinance (formerly Credible Securities & Finance). Similarly, SEBI has suspended the time share scheme run by Pancard Clubs, through which about ₹3,000 crore was collected from the public. The market regulator found the company guilty of running a collective investment scheme.

Max Bupa has launched its refreshed Heartbeat Health Plan, with new features such as international cashless treatment for nine major critical illnesses and a medical evacuation facility across 190 countries. The sum assured ranges from ₹2 lakh to ₹1 crore. The policy carries a waiting period of two years for pre-existing diseases and coverage for up to 14 relationships under a single policy. The plan also offers an option to enhance the sum insured on renewal, irrespective of claim history.

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