Dewan Housing Finance Corporation Limited (DHFL) plans to raise funds up to Rs.3,000 crore with an option to raise an additional Rs.6,000 crore through a public issue of secured redeemable non-convertible debentures (NCDs). The company is offering an attractive yield ranging from 8.65% to 9.10% per annum. The NCDs also offer a tenure varying from three to 10 years, with an option of monthly or annual interest payouts.
The issue will open for subscription on May 22 and close on June 4, 2018.
IFAs can get brokerage of up to 1.60% depending on the category of investors and holding tenure.
Many companies have started a practice of incentivising distributors depending on the date of application. The commission structure varies marginally with the date of application.
In line with this, on May 22, you can earn a commission of 1.10%, 1.10%, 1.35%, and 1.60% for three, five, seven and 10 years, respectively if the application size is up to Rs.10 lakh i.e. retail investors. Similarly, for the application size exceeding Rs.10 lakh i.e. HNIs, you can get a commission of 0.85%, 0.90%, 1.10 % and 1.10% for three, five, seven and 10 years, respectively on the day the issue opens.
Here is the table that will help you understand the tentative brokerage structure.
For retail investors
|
Date of application |
10 years |
7 years |
5 years |
3 years |
|
May-22 |
1.60% |
1.35% |
1.10% |
1.10% |
|
May-23 |
1.50% |
1.25% |
1.00% |
1.00% |
|
May 24 onwards |
1.40% |
1.15% |
0.90% |
0.90% |
For HNIs
|
Date of application |
10 years |
7 years |
5 years |
3 years |
|
May-22 |
1.10% |
1.10% |
0.90% |
0.85% |
|
May-23 |
1.00% |
1.00% |
0.80% |
0.75% |
|
May 24 onwards |
0.90% |
0.90% |
0.70% |
0.65% |
In addition, you will get a special incentive of Rs.100 per application if you go online.
CARE and BRICKWORK have assigned DHFL a rating of AAA (Triple A).
