Abans Fixed Income Oriented MLD
Abans Broking Services Pvt Ltd · 6.48% G-Sec 2035
A fixed 12.55% target return over 15 months, backed by a government-bond underlying and full principal protection.
What is this product
A 15-month principal-protected MLD from Abans (Series 158) linked to the 6.48% G-Sec 2035. It targets a fixed 12.55% return (about 9.88% CAGR) as long as the reference bond does not collapse, giving a debt-like, fixed-income profile.
- 01A 12.55% coupon is paid at maturity as long as the reference G-Sec ends at or above 25% of its initial price.
- 02The 25% barrier is very deep, so the coupon behaves like a near-fixed return in normal markets.
- 03Principal is protected at maturity, subject to issuer credit, even if the barrier is breached.
- 04Minimum 5 debentures of ₹1 L face value each. Tenor 458 days, redemption around 31 May 2027.
Payoff visualisation
Indicative profile of the structure's mechanics at maturity, not a forecast.
Investor return (gold) vs 1:1 underlying (blue)
Scenario analysis
Illustrative investor return across a grid of underlying-return shocks at maturity. 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% |
|---|---|---|---|---|---|---|---|
| Investor return | +12.6% | +12.6% | +12.6% | +12.6% | +12.6% | +12.6% | +12.6% |
Historical simulation
The payoff run over the REAL 6.48% G-Sec 2035 path in each regime (indicative history).
A deep equity bear market.
Underlying history does not cover this window.
A fast, sharp drawdown.
Underlying history does not cover this window.
A strong recovery and rally.
Underlying history does not cover this window.
A largely range-bound market.
Underlying history does not cover this window.
Risk analytics
- Fixed 12.55% target (about 9.88% CAGR)
- Full principal protection at maturity
- Government-bond underlying with a very deep barrier
- Return is capped at the 12.55% coupon
- Unrated issuer (Abans) is the key credit risk
- Low secondary liquidity, held to maturity
Suitable market conditions
Coupon-bearing notes and MLDs that pay an enhanced yield while the underlying holds above a barrier.
Documents and downloads
The official term sheet and offer document for this structure are available on request. Always read them before investing.