Press Release
FDs of multiple RBI regulated Banks and NBFCs can be accessible on a single app with interest rates up to 9.25% p.a. for senior citizens, without the need for opening a new savings bank account
National, 2nd April 2024: InCred Money (ICM) today announced the launch of Fixed Deposits (FDs) product on its InCred Money app, providing investors with a streamlined approach to investing in FDs of Banks and Non-Banking Financial Companies (NBFCs). This launch aims to simplify the investment process for investors and offer high interest rates and enhanced convenience.
Traditionally, investing in FDs often necessitates opening a savings account with a bank, which may be a deterrent for investors seeking higher FD rates offered by other institutions. InCred Money's platform aims to streamline the process for investors to be able to access a range of FDs on a single platform.
India’s love for FDs is well-known with more than ₹108 Lakh Crore invested in FDs of Scheduled Commercial Banks as of March 2023. Despite FD interest rates plunging to around 5.5% in 2021 and 2022, investors continued their faith in FDs with investment in FDs growing each year1. With FD rates at multi-year highs currently, this affinity towards FDs is expected to only strengthen.
InCred Money’s newest offering of FDs on its platform is in collaboration with RBI-regulated Scheduled Commercial Banks including Small Finance Banks (SFBs) and Non-Banking Financial Companies (NBFCs). Investors will be able to invest easily in multiple Fixed Deposits via the InCred Money app which is available for download on the Android and iOS app stores.
In terms of safety, it is to be noted that Bank & NBFC FDs are regulated by RBI. Further, there is an insurance of up to ₹5 Lakh by the Deposit Insurance and Credit Guarantee Corporation (a 100% RBI subsidiary) on Bank Deposits per PAN per bank.
FDs on the InCred Money platform will provide best in class interest rates of up to 9.25% p.a. for senior citizens and up to 9.01% p.a. for regular investors.
InCred Money offers high convenience by allowing investors to compare FDs from various banks and NBFCs on their platform, and invest in the FDs that align best with their return and maturity expectations. This entire process can be completed in under 5 minutes, requiring no new savings bank account to be opened and with a minimum investment of just ₹5,000.
Vijay Kuppa, CEO of InCred Money, shared his thoughts on the launch, stating, “With the launch of the FD offerings on our platform, we’re excited to democratize financial opportunities and simplify the path to financial wellness. Our new offering enables investors to bypass traditional limitations and invest in competitive FDs from a range of institutions, all within a single, user-friendly app. This launch indicates a financial landscape evolving towards simplicity, where the promise of attractive FD rates becomes a reality accompanied by a smooth onboarding process.”
InCred Money is the retail wealth-tech arm of InCred Group, a leading diversified financial services firm. InCred Money helps mass-affluent and retail investors diversify their portfolios by providing access to niche, low-ticket investment opportunities, which were historically available only to HNIs/ UHNIs and Corporates. This is in addition to traditional investment avenues including mutual funds and fixed deposits. The InCred Money platform will span both B2C and B2B2C verticals.
Fixed Deposits are offered by Banks/NBFCs and are regulated by the Reserve Bank of India. Alpha Fintech Private Limited, under the brand name of InCred Money, is acting in the capacity of Sub Agent/Referral Partner for distribution of Fixed Deposits of Banks and NBFCs. The funds transferred by the customer for the Fixed Deposits are directly credited to the regulated entity offering the Fixed Deposit product. Fixed Deposits are offered to Resident Indians above the age of 18 who have a PAN & an Aadhaar. Interest rates are subject to change. T&C apply.
Source: RBI (FD Interest Rates are the average of Top 5 Banks), Incred Money
According to RBI data, despite interest rates on FD dipping to as low as 5.5% in 2021 and 2022, we have seen a significant rise in the amounts invested in FDs.
Archana Parthasarathy | Concept PR | 9920940003 | archana@conceptpr.com
Huda Qureshi | Concept PR | 7710823343 | huda@conceptpr.com
Press Release
The product offers 1.5 times Nifty 50 Index Returns with 100% Principal Protection, at Maturity.
Mumbai, After the successful launch of the first Market Linked Debenture (MLD) offering on its platform in August 2023, InCred Money has now listed a new innovative MLD on its platform for investors looking to participate in India’s equity story with an added layer of safety.
The (hereafter referred to as 1.5x Nifty MLD) is issued by InCred Financial Services Limited (IFSL), a leading new age financial services company. InCred attained the ‘Unicorn’ status in December 2023. IFSL has recorded a PBT of INR 298 Cr for the period Apr-Dec 2023.
The 1.5x Nifty MLD provides a return equivalent to 1.5 times (150%) of the Nifty 50 Index returns, capped at a maximum of 33% total returns at Maturity in Apr’26 (~26 months) *. In addition, the MLD offers 100% Principal Protection at Maturity that serves as a safeguard against unforeseen risks. The product has a credit rating of Crisil PP-MLD A+ with ‘Stable’ Outlook.
With a resilient domestic economy, India shines bright on the global stage, and is rightly seeing investor enthusiasm. This presents a favourable opportunity to participate in India’s equity markets and MLDs offer a remarkably risk-efficient way to do this.
Commenting on the launch of the MLD, said, “Indian Equity Markets are near All Time Highs and investor interest is still very strong. This is the time when one needs to evaluate their portfolio from a risk-return perspective. With 100% Principal Protection on the downside and 1.5 times of Nifty 50 returns on the upside at Maturity, the MLD will help you stay invested in the stock market with confidence. The ‘Anytime Liquidity’# feature on the InCred Money platform also offers the flexibility and convenience when managing your investments.”
A globally popular investment category, MLDs in India have thus far only been accessible to large institutions and ultra-high-net-worth individuals due to high-ticket sizes. MLDs bridge the gap between Equity and Debt by giving Equity like returns with Fixed Income like security. The MLD offering on the InCred Money platform is in line with their vision to empower retail and mass affluent investors seeking better risk-adjusted returns by giving them access to alternate investment options starting from just INR 1 lakh.
InCred Money is the retail wealth-tech arm of InCred Group, a leading diversified financial services firm. InCred Money helps mass-affluent and retail investors diversify their portfolios by providing access to niche, low-ticket investment opportunities, which were historically available only to HNIs/ UHNIs and Corporates. This is in addition to traditional investment avenues including mutual funds and fixed deposits. The InCred Money platform will span both B2C and B2B2C verticals.
*Returns will be subject to actual Nifty 50 levels on Initial Observation dates and Final Observation dates.
#Anytime Liquidity – Please click here to refer to the T&C. Cost of liquidity provided is 2% of latest market to market price per unit.
Disclaimer: Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/or default in payment. Read all the offer related documents carefully. These offer documents are available on bonds.incredmoney.com.
ORO FINANCIAL CONSULTANTS PRIVATE LIMITED is registered as a Stock Broker in Cash and New Debt Segment of BSE Limited (Member Code: 6821) having SEBI registration number: INZ000312534, Registered as an Online Bond Platform Provider in BSE. This document neither an Offer Document nor a Prospectus and does not constitute an Offer under the applicable laws.
Press Release
The product offers 1.5 times Nifty 50 Index Returns with 100% Principal Protection, at Maturity.
Mumbai, After the successful launch of the first Market Linked Debenture (MLD) offering on its platform in August 2023, InCred Money has now listed a new innovative MLD on its platform for investors looking to participate in India’s equity story with an added layer of safety.
The (hereafter referred to as 1.5x Nifty MLD) is issued by InCred Financial Services Limited (IFSL), a leading new age financial services company. InCred attained the ‘Unicorn’ status in December 2023. IFSL has recorded a PBT of INR 298 Cr for the period Apr-Dec 2023.
The 1.5x Nifty MLD provides a return equivalent to 1.5 times (150%) of the Nifty 50 Index returns, capped at a maximum of 33% total returns at Maturity in Apr’26 (~26 months) *. In addition, the MLD offers 100% Principal Protection at Maturity that serves as a safeguard against unforeseen risks. The product has a credit rating of Crisil PP-MLD A+ with ‘Stable’ Outlook.
With a resilient domestic economy, India shines bright on the global stage, and is rightly seeing investor enthusiasm. This presents a favourable opportunity to participate in India’s equity markets and MLDs offer a remarkably risk-efficient way to do this.
Commenting on the launch of the MLD, said, “Indian Equity Markets are near All Time Highs and investor interest is still very strong. This is the time when one needs to evaluate their portfolio from a risk-return perspective. With 100% Principal Protection on the downside and 1.5 times of Nifty 50 returns on the upside at Maturity, the MLD will help you stay invested in the stock market with confidence. The ‘Anytime Liquidity’# feature on the InCred Money platform also offers the flexibility and convenience when managing your investments.”
A globally popular investment category, MLDs in India have thus far only been accessible to large institutions and ultra-high-net-worth individuals due to high-ticket sizes. MLDs bridge the gap between Equity and Debt by giving Equity like returns with Fixed Income like security. The MLD offering on the InCred Money platform is in line with their vision to empower retail and mass affluent investors seeking better risk-adjusted returns by giving them access to alternate investment options starting from just INR 1 lakh.
InCred Money is the retail wealth-tech arm of InCred Group, a leading diversified financial services firm. InCred Money helps mass-affluent and retail investors diversify their portfolios by providing access to niche, low-ticket investment opportunities, which were historically available only to HNIs/ UHNIs and Corporates. This is in addition to traditional investment avenues including mutual funds and fixed deposits. The InCred Money platform will span both B2C and B2B2C verticals.
*Returns will be subject to actual Nifty 50 levels on Initial Observation dates and Final Observation dates.
#Anytime Liquidity – Please click here to refer to the T&C. Cost of liquidity provided is 2% of latest market to market price per unit.
Disclaimer: Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/or default in payment. Read all the offer related documents carefully. These offer documents are available on bonds.incredmoney.com.
ORO FINANCIAL CONSULTANTS PRIVATE LIMITED is registered as a Stock Broker in Cash and New Debt Segment of BSE Limited (Member Code: 6821) having SEBI registration number: INZ000312534, Registered as an Online Bond Platform Provider in BSE. This document neither an Offer Document nor a Prospectus and does not constitute an Offer under the applicable laws.
Press Release
The product offers Equity market participation with 100% Principal Protection and a Minimum 14% Returns at Maturity
Mumbai : "InCred Money (www.incredmoney.com) is launching its maiden issue of Market-Linked Debentures (MLDs) for retail investors.
A globally popular investment category, MLDs in India have thus far only been accessible to large institutions and ultra-high-net-worth individuals due to high-ticket sizes.
This maiden MLD offering, the InCred Nifty Balanced MLD Aug’25, is issued by InCred Financial Services Limited, which is A+ rated and one of the leading NBFCs in its market segments. The product is exclusively available on the InCred Money platform.
The issue offers 100% Principal Protection at Maturity, and the returns are linked to the Equity Market Benchmark Nifty 50 Index. It provides a minimum total return of 14% at Maturity (31st Aug 2025) and offers an upside participation in the Nifty 50 Index that can lead to an overall total return of 30% at Maturity.
Bhupinder Singh, Founder and Group CEO of InCred, is very excited about this launch. According to him "This MLD product enables investors to participate in the Indian equity growth story, with principal protection and a minimum guaranteed return. InCred is known for cutting edge product innovation and this issue is yet another example of that”.
Commenting on the launch of the MLD, Vijay Kuppa, CEO at InCred Money said, “Today's investors are looking for more than just conventional investment products. They need solutions that combine the twin requirements of stability and growth. The MLDs on our platform address this demand by bridging the gap between fixed-income and market-linked returns. To address the challenge of illiquid secondary markets for debt instruments, we are also offering the feature of ‘Anytime Liquidity’ on the InCred Money platform. We understand the value liquidity has for debt market participants, and this step strives to offer our investors with the flexibility and convenience when managing their investments.”
This is the second product from InCred Money after the successful launch of their Corporate Bond offering in June 2023 and is in line with their vision to empower retail and mass affluent investors seeking better risk-adjusted returns by giving them access to alternate investment options starting from just ₹1 lakh.
InCred Money is the retail wealth-tech arm of InCred Group, a leading diversified financial services firm. InCred Money helps mass-affluent and retail investors diversify their portfolios by providing access to niche, low-ticket investment opportunities, which were historically available only to HNIs/ UHNIs and Corporates. This is in addition to traditional investment avenues including mutual funds and fixed deposits. The InCred Money platform will span both B2C and B2B2C verticals.
Disclaimer: Investments in debt securities are subject to risks. Read all the offer-related documents carefully.
Press Release
Mumbai :: "InCred Money (www.incredmoney.com) launches its first product, corporate bonds, with an issuance that offers investors fixed returns of 12.5% p.a. (XIRR)*. The investor-first, curated alternate asset platform enables diversification and wealth creation through a user-friendly process, democratizing access to products previously available only to Ultra HNIs and Institutions."
InCred Money is part of the InCred Group and was launched with the acquisition of Orowealth, one of the leading retail-focused digital investment platforms that managed an AuM of INR 1,150+ Cr. The InCred Money platform will span both B2C and B2B2C verticals, providing a comprehensive suite of investment products and services for both Investors and Financial Advisors.
Under the InCred fold, InCred Money will have significant competitive advantages with access to a deep network of issuers and industry leading credit & risk assessment capabilities. In addition to its fintech capabilities, InCred Money will also have the added advantage of the support of a large financial services organization. This will greatly help in the journey of making alternate assets easy, trustworthy, and lucrative for the end investor.
, “We are excited to launch the first of our many products that will help retail investors boost their returns, protect against inflation, and diversify their overall wealth portfolio. Our platform will make it easier than ever for investors to access the bond market and will be a valuable tool for both novice and expert level investors. We are committed to providing our clients with the best possible investment experience, and we believe that InCred Money will help investors build well diversified and resilient portfolios for achieving their financial goals.”
“I strongly believe that the democratization of investment opportunities covering the Mass Affluent and Retail segments will be driven by digital platforms that unlock access to non-traditional assets for investors as well as their advisors. This maiden product offering under our InCred Money brand is the first step towards enabling retail clients to diversify into the alternates space and will be followed by many more interesting opportunities for them to generate potential alpha.”
InCred Money is the retail wealth-tech arm of the InCred Group, a leading diversified financial services firm. InCred Money helps mass affluent and retail investors diversify their portfolio by providing access to niche, low-ticket investment opportunities, which were historically available only to HNIs/ UHNIs and Corporates. This is in addition to traditional investment avenues including mutual funds and fixed deposits. The InCred Money platform will span both B2C and B2B2C verticals.
Disclaimer: Investments in debt securities are subject to risks. Read all the offer related documents carefully.
Press Release
Date: 02/01/2023
- InCred Money has been launched with the acquisition of Orowealth, one of the leading retail-focused digital investment platform
- The InCred Money platform will span both B2C and B2B2C verticals, providing a comprehensive suite of investment products and services
- Vijay Kuppa, co-founder of Orowealth, will spearhead InCred Money as its CEO
InCred Capital is set to enter the retail wealth-tech industry with the launch of ‘InCred Money’. This will be InCred Capital’s second pillar in the fast-growing Indian wealth market, following its previous success in the Ultra / High Net Worth segment under the InCred Wealth brand.
InCred Wealth has seen tremendous growth since launch, becoming one of the fastest growing wealth management firms in the country and achieving a milestone of INR 15,000 Cr in Assets under Management (AuM) within 2 years, driven by a team 100+ Private Bankers.
With the launch of InCred Money, InCred Capital will now plant its flag in the mass-affluent and retail space.
InCred Money has been launched with the acquisition of Orowealth in an all-cash deal, pending necessary clearances. Orowealth is a leading retail-focused digital investment platform that helps retail investors diversify their portfolio by providing access to niche, low-ticket investment opportunities, which were historically available only to HNIs/ UHNIs and Corporates. This is in addition to traditional investment avenues including mutual funds and fixed deposits, which are a part of Orowealth’s offerings.
The acquisition brings AuM of INR 1,100+ Cr along with a robust technology platform and an experienced team to InCred Money. Vijay Kuppa, the co-founder of Orowealth, will lead InCred Money as the CEO going forward.
The InCred Group will aim to provide InCred Money with access to its full suite of product capabilities. InCred Money will also develop a B2B2C offering by leveraging technology to effectively integrate a wide network of Independent Financial Advisors (IFA) across the country, giving them the ability to tap into the class-leading products and solutions for the benefit of their end customers.
Bhupinder Singh, Founder and Group CEO of InCred Group, said “In the next decade, the democratization of investment opportunities covering the Mass Affluent and Retail segments will be driven by digital platforms that unlock access to non-traditional assets for investors as well as their advisors. This will help to create a new market worth tens of billions in AUM. With the launch of the InCred Money platform, we are committed to offering best in class products to these rapidly evolving customer segments in keeping with our vision to meet the financial needs of every Indian family”
Commenting on the transaction, Vijay Kuppa said “There is a growing demand for non-traditional investment assets from Mass Affluent and Retail investors due to rising income levels and greater awareness. We are addressing this massive demand by putting together a suite of carefully curated products and solutions. I am excited to be joining the InCred Group and leading a key pillar of their overall strategy. I am confident that InCred Money will play a crucial role in making investments easy, trustworthy, and lucrative for the end investor”
The InCred Group is a class-leading diversified financial services firm which comprises two distinct businesses - ‘InCred Finance’ which is a new-age lending-focused NBFC; and ‘InCred Capital’ which is the institutional, wealth management and asset management platform of the group.
Orowealth is a pioneering Indian digital-first wealth & investment platform, founded by three IIT Bombay batchmates in 2016 – Nitin Agrawal, Vijay Kuppa and Yogesh Powar, is one of the pioneers of the digital wealth ecosystem. Orowealth offers a comprehensive platform for users to invest in multiple products - Bonds, Mutual Funds, Fractional Real Estate, Green Investing, P2Ploans, Invoice Discounting, etc. Investors can get personalized guidance and access detailed reports, research, and portfolio insights.
Please e-mail to connect@incredmoney.com for any queries.
