Guys Help me...
Kenrich Finance offers an opportunity to invest on promissory notes which gives higher rate than fixed deposit. what are the advantages and disadvantages on it. Any hidden risk there?
They are promoting it than FD's
Thanx.
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On their website they state they have been in business since 1971 http://www.kanrich.lk/aboutus.php , I don't think they are plotting to run with the cash now...Redbulls wrote:To get a rough idea please read the following link.
http://www.sec.gov/investor/pubs/promise.htm
their interest rates on deposits are quite high http://www.kanrich.lk/interestrates.php and you say their promissory notes rates are even higher ? Out of curiosity, how much ?summa wrote:
Kenrich Finance offers an opportunity to invest on promissory notes which gives higher rate than fixed deposit.
summa wrote:
Guys Help me...
Kenrich Finance offers an opportunity to invest on promissory notes which gives higher rate than fixed deposit. what are the advantages and disadvantages on it. Any hidden risk there?
They are promoting it than FD's
Thanx.
mate what do you mean by "Summa summa"Chinwi wrote:Kanrich canrich.
Summa summa.
I don't know where is came from, in sinhala (urban slang ) summa = zeroccsentha wrote:mate what do you mean by "Summa summa"Chinwi wrote:Kanrich canrich.
Summa summa.
Does CIFL have FITCH ratings......Anyhow be catious on this HIGH RETURN instruments...summa wrote:Thank you Redbull.....
Its attractive investment.but I have a doubt, because they don't have RAM/FITCH rating (seems to be) and still not listed with CSE
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