This deal enabled a leading mutual fund to subscribe to Rs 25 crore of debentures, through its alternative investment fund.
As per the latest developments, IFMR Capital is planning to arrange several MCLD deals for serving it’s more than 120 micro finance institutions and NBFC clients.
Reportedly, the debenture that has been issued by Jaipur-based Ess Kay Fincorp Pvt Ltd, is subscribed One of India’s leading mutual funds has subscribed to the debentures issued by.
While the principal investment of the debenture holder is protected under the MCLD scheme, the interest payment to be paid at maturity varies. The final payout is synced to the outcome of the Nifty index based on the time frame of the debenture.
Reportedly, these programmes are the latest ones in the series of unique structured products launched for boosting financial inclusion sector. It majorly enables the efficiency of the originator to rectify the credit rating and ensure investors an opportunity to invest in the performance of the originator and the growth of the economy.