Abans Nifty Maximiser 145% PP (Series 166)
Abans Broking Services Pvt Ltd · Nifty 50
Your original money is fully protected, and you get 1.45 times the Nifty's rise, up to 50.75% (reached if the Nifty is up 35%), over 24 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 51% upside.
Prioritises up to 51% upside, accepting no market downside.
What is this product
A 24-month Nifty-linked market-linked debenture from Abans (Series 166, ISIN INE01PK07110). If the Nifty ends at or above its initial fixing level, you earn 145% of the index gain up to a 35% move, so the return is capped at 50.75%. If the Nifty ends below the initial level, principal is returned with no coupon.
- 01Principal is protected at maturity, subject to issuer credit: if the Nifty ends below its initial fixing level, you receive your capital back with no coupon.
- 02If the Nifty ends at or above the initial level, you earn 145% of the index gain, measured up to a capped 35% move.
- 03The Nifty gain is capped at 35%, so the maximum product return is 50.75% (35% x 145%), reached at a 35% index rise.
- 04Initial fixing level is the Nifty close on 2 July 2026 (24,175.70); final fixing is the Nifty close on 27 June 2028, with redemption on 8 July 2028. Each debenture has a face value of ₹1,00,000; Abans's stated minimum is 5 debentures (₹5 L), then in single-debenture (₹1 L) steps.
The official closing level of the Nifty 50 on the initial fixing date (2 July 2026, at 24,175.70). No averaging window and no add-on.
The official closing level of the Nifty 50 on the final fixing date (27 June 2028). No averaging window. Redemption follows on 8 July 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 | +0.0% | +0.0% | +0.0% | +0.0% | +14.5% | +29.0% | +43.5% | +50.7% | +50.7% | +50.7% |
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 89% of the 24-month holding windows since Jan 2008, Abans Nifty Maximiser 145% PP (Series 166) 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 24-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% | 13% | -4.92% | +0.00% |
| 0% to 10% | 14% | +5.19% | +7.53% |
| 10% to 50% | 61% | +27.97% | +38.00% |
| Above 50% | 13% | +69.82% | +50.75% |
Across 200 rolling 24-month windows with monthly starts, from Jan 2008 to Aug 2024, 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 200 rolling 24-month windows with monthly starts, from Jan 2008 to Aug 2024, 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 24-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
- Full principal protection at maturity
- 145% geared participation up to a 35% Nifty move
- Secured debenture with a short 24-month tenor
- Upside capped at a 50.75% product return
- No coupon if the Nifty ends below its initial level
- Unrated issuer (Abans) and low secondary liquidity
Suitable market conditions
Notes linked to the Nifty that give back your full original amount at maturity and add upside once the index has risen enough. Around a 12% yearly return at the ceiling, with no market downside.
Documents and downloads
The official term sheet and offer document for this structure are available on request. Always read them before investing.