Abans Dual Advantage Accelerator (Series 164)
Abans Broking Services Pvt Ltd · Nifty 50
You get the higher of a guaranteed 10% return or 1.5 times the Nifty's gain above 10%, up to 32.5%, with your original money fully protected, over 18 months.
How well this structure fits each investor profile, derived from its protection, return potential and downside. It is a fit score, not a quality grade. Best fit here: Conservative.
Capital fully protected, with a defined return and no market downside.
Balances 100% protection with up to 33% upside.
Prioritises up to 33% upside, accepting no market downside.
What is this product
An 18-month principal-protected Nifty MLD from Abans (Series 164, ISIN INE01PK07094). It pays a fixed 10% coupon even if the Nifty falls, and if the Nifty rises more than 10% it pays 10% plus 150% of the gain above 10%, capped at a 32.5% product return.
- 01You receive at least a 10% absolute coupon, even if the Nifty is flat or falls, with principal protected at maturity.
- 02If the Nifty ends above 110% of its initial level, you earn the 10% coupon plus 150% of the Nifty gain above 10%.
- 03The product return is capped at 32.5%, reached at a 25% Nifty move.
- 04Initial fixing level is the Nifty close on 9 June 2026 (23,242.10); final fixing is the Nifty close on 28 December 2027, with redemption on 7 January 2028. Minimum investment is 5 debentures of face value ₹1,00,000 (₹5 L), then in single-debenture (₹1 L) steps.
The official closing level of the Nifty 50 on the initial fixing date (9 June 2026, at 23,242.10). No averaging window and no add-on.
The official closing level of the Nifty 50 on the final fixing date (28 December 2027). No averaging window. Redemption follows on 7 January 2028.
Your return is measured between these two levels, not from the index level on the day you invest. Read both definitions in the term sheet before investing.
Payoff visualisation
Indicative profile of the structure's mechanics at maturity, shown out to a +100% move in the underlying. Not a forecast.
How to read this. The horizontal axis is how far the underlying (the index this note tracks) moves by maturity. The gold line is what this structure pays you at each of those moves. The teal dashed line is break-even. Where the gold line is above it you make money; where it flattens, the return is capped or the capital is protected. For example, read across to a plus 10 percent move on the axis, then up to the gold line to see your return if the index finished 10 percent higher.
Scenario analysis
Illustrative investor return across a grid of underlying-return shocks at maturity, out to +100%. Pre-tax and post-cost; returns are not guaranteed and past performance is not indicative of future results.
| Underlying at maturity | -30% | -20% | -10% | +0% | +10% | +20% | +30% | +50% | +75% | +100% |
|---|---|---|---|---|---|---|---|---|---|---|
| Investor return | +10.0% | +10.0% | +10.0% | +10.0% | +10.0% | +25.0% | +32.5% | +32.5% | +32.5% | +32.5% |
Underlying level history
Closing level of Nifty 50 over time. This is the history of the underlying itself, not the performance of this note.
Level of Nifty 50. As of the 21 Aug 2026 close. History available from 1 Jan 2008.
In 80% of the 18-month holding windows since Jan 2008, Abans Dual Advantage Accelerator (Series 164) would have returned more than simply holding Nifty 50.
Data as of Aug 2026 · updated on the 1st of each month
Each point is one 18-month holding window, plotted at its maturity date; gold is this structure's return, navy is Nifty 50 over the same period, both on the note's own entry and exit convention. Indicative backtest, not a forecast.
| Nifty 50 return | % of windows | Avg Nifty 50 return | Avg structure return |
|---|---|---|---|
| Below 0% | 20% | -6.47% | +10.00% |
| 0% to 10% | 15% | +5.35% | +10.00% |
| 10% to 50% | 57% | +24.08% | +25.41% |
| Above 50% | 8% | +76.99% | +32.50% |
Across 206 rolling 18-month windows with monthly starts, from Jan 2008 to Feb 2025, grouped by what Nifty 50 did over each window. Backtested and indicative; past performance is not indicative of future results.
How often it beat the alternatives
Across every tenor-length window in the underlying's real history, how often this structure would have beaten the simple alternatives, measured on its own entry and exit levels. A historical frequency, indicative, not a forecast or a probability.
Across 206 rolling 18-month windows with monthly starts, from Jan 2008 to Feb 2025, each computed on this note's own entry and exit convention. Inflation uses CPI (World Bank / MoSPI); the fixed-deposit benchmark uses a representative 1 to 3 year bank rate. Indicative and pre-tax; past performance is not indicative of future results.
If it had matured into a crisis or a peak
Each card assumes the note matured at that moment in history. The figures are the full 18-month return ending then, on this note's own averaged entry and exit levels, so a note maturing into a crash can still show a gain when its exit was fixed before the fall. Real Nifty 50 path; not a forecast.
Maturing into the depths of the 2008 crash.
Price history does not reach back to the entry date this tenor needs.
Maturing just as the COVID crash hit, on an exit level averaged over the months before it.
Maturing near the top of the 2021 rally.
Maturing in the 2022 to 2023 range, after the full post-COVID recovery.
Risk analytics
- Guaranteed 10% coupon with full principal protection
- 150% participation on Nifty gains above 10%
- Short 18-month tenor
- Upside capped at 32.5%
- No return above the 10% coupon unless the Nifty beats 10%
- Unrated issuer (Abans) and low secondary liquidity
Suitable market conditions
Notes that pay the higher of a fixed return or a geared share of the index, so you can earn in flat and rising markets while your original money is protected.
Documents and downloads
The official term sheet and offer document for this structure are available on request. Always read them before investing.