Expressnews
Chennai, February 2024
InCred Money the retail Wealth-Tech arm ofInCred Group announces launch of InCred1.5x Nifty Accelerator MLD a new innovative MLD on its platform for investorslooking to participate in India’s equity storywith an added layer of safety
This marks the company’s second MLD offering after the successful launch of its first in August 2023.
The InCred 1.5x Nifty Accelerator MLD(hereafter referred to as 1.5x Nifty MLD) isissued by InCred Financial Services Limited(IFSL), a leading new age financial servicescompany. InCred attained the ‘Unicorn’status in December 2023. IFSL has recordeda PBT of INR 298 Cr for theperiod Apr-Dec2023.
The Issue will Open Date: 7th Feb’24 and will Close on 29th Feb’24
The 1.5x Nifty MLD provides a returnequivalent to 1.5 times (150%) of the Nifty50 Index returns, capped at a maximum of33% total returns at Maturity in Apr’26 (~26months) *. In addition, the MLD offers 100%Principal Protection at Maturity that serves asa safeguard against unforeseen risks and ensuring investors’ initial investment remains secure. The product has a credit rating ofCrisil PP-MLD A+ with ‘Stable’ Outlook.
With a resilient domestic economy, Indiashines bright on the global stage, and isrightly seeing investor enthusiasm. Thispresents a favourable opportunity toparticipate in India’s equity markets and MLDs offer a remarkably risk-efficient way todo this.
Commenting on the launch of the MLD,Vijay Kuppa, CEO at InCred Money said,“Indian Equity Markets are near All TimeHighs and investor interest is still verystrong. This is the time when one needs toevaluate their portfolio from a risk-returnperspective. With 100% Principal Protectionon the downside and 1.5 times of Nifty 50returns on the upside at Maturity, the MLDwill help you stay invested in the stockmarket with confidence. The ‘AnytimeLiquidity’# feature on the InCred Money platform also offers the flexibility and convenience when managing your investments.”
