Motilal Oswal Financial Services offers up to 9.70% yield in maiden NCD issue; should you invest?

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MOFSL is offering eight series of NCDs carrying fixed coupons with a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and at-maturity interest payout options. Effective annual yield for NCDs ranges from 8.85 percent to 9.70 percent per annum.

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