Hi, below are the new deals currently live today on the platform.
| Issuer Name | ISIN | Credit Rating | Yield | Coupon Rate | Payout Frequency | Maturity Date | Face Value |
|---|---|---|---|---|---|---|---|
| Navi Finserv Limited | INE342T07601 | A | 11.20% | 10.75% | Monthly | 19/08/2028 | ₹10,000 |
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anyone else seeing the Navi Finserv deal on the platform today?
11.20% yield with monthly payouts, haven’t looked at Navi in a while tbh but this caught my eye. A1 rated, 2028 maturity, and the minimum is only 10k so its not like you need to commit a huge amount to try it out
been mentally comparing this to FDs and honestly the difference is pretty significant. i know NBFCs make some people nervous, fair enough given what’s happened in that space, but Navi’s situation feels a bit different to me. though i could be wrong
few things i cant quite make up my mind on:
the A1 rating looks solid but does anyone actually trust ratings at face value anymore lol. has anyone here looked at their financials recently or are we just going off the rating?
also monthly payout vs letting it compound somewhere, which way are people leaning for a 3 year horizon? i keep going back and forth on this
and 11.20%… is that good enough for an NBFC right now or should we be demanding more given the macro environment
not planning to go all in or anything. more like a small position to see how it goes. but wanted to check if anyone here has already looked at this or is considering it
what do you guys think?
honestly was looking at this same deal this morning. the yield is decent but ive been burned by NBFC paper before so i always get a little cautious
that said Navi is a different animal compared to some of the smaller names that blew up. Sachin Bansal’s involvement gives it a certain credibility i think. but yeah the rating alone isn’t enough for me either. would want to see how their AUM and NPA numbers are looking before committing anything meaningful
on the monthly payout question. personally i prefer it. just nice to see something hitting the account every month even if the compounding argument makes sense mathematically
3 year paper at 11.20 is not bad but i feel like you can find similar or better in the AA space if you look hard enough. whats the rush to settle here
also slightly surprised the coupon is 10.75 but yield is 11.20. does that mean its trading at a slight discount or am i reading this wrong. genuine question not trying to be smart about it