Nifty Accelerator 94%
Anand Rathi IT Ltd · Nifty 50
Also known as Nifty Accelerator
You get a 94% return if the Nifty is up 36% over about 5.2 years. Your original money is protected against falls of up to 20%; below that, losses are geared up.
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: Aggressive.
50% protection cushions the up to 66% downside.
Balances 50% protection with up to 94% upside.
Prioritises up to 94% upside, accepting up to 66% downside.
What is this product
A 1910-day (about 5.2 year) non-principal-protected Nifty debenture from Anand Rathi IT Ltd. It pays a 94% contingent coupon on a 36% or better Nifty rise, participates one for one on gains above 20%, protects capital across a wide band from minus 20% to plus 20%, and gears losses in a sharp fall.
- 01If the Nifty is up 36% or more at the observation dates, you earn the full 94% coupon (about a 13.5% IRR).
- 02Between a 20% and 35% Nifty gain you earn the gain above 20% one for one, so a 30% rise pays 10%.
- 03If the Nifty ends anywhere between minus 20% and plus 20%, principal is returned with no coupon.
- 04Below a 20% fall, losses are geared at about 1.6x, easing toward one-for-one in a deep crash.
- 05Entry level is the Nifty close on the primary trade date plus 150 points, rounded up to the next 100. Exit level averages the closes on the F&O expiries of the 38th, 41st, 44th, 47th, 50th, 53rd and 56th months. Minimum investment ₹25 L, in ₹1.25 L steps thereafter, with a 365-day lock-in.
The closing Nifty 50 on the primary trade date plus 150 points, then rounded up to the next 100. If the sum already lands on a round 100 it is left unchanged, so a 24,152 close gives 24,400 and a 24,150 close gives 24,300.
Average of the closing Nifty 50 on the F&O expiry of the 38th, 41st, 44th, 47th, 50th, 53rd and 56th months.
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 | -48.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +10.0% | +94.0% | +94.0% | +94.0% |
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 44% of the 62-month holding windows since Jan 2008, Nifty Accelerator 94% 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 62-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% | 1% | -6.55% | +1.52% |
| 0% to 10% | 1% | +5.52% | +1.42% |
| 10% to 50% | 19% | +35.59% | +26.42% |
| Above 50% | 78% | +90.08% | +83.39% |
Across 162 rolling 62-month windows with monthly starts, from Jan 2008 to Jun 2021, 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 162 rolling 62-month windows with monthly starts, from Jan 2008 to Jun 2021, 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.
Downside and drawdown profile
How the structure behaves across the range of the underlying at maturity. Illustrative, not a forecast; returns are not guaranteed.
Product return across the underlying at maturity. Capital is returned across the shaded band; losses gear up only in a deeper fall.
Risk analytics
- 94% coupon (about a 13.5% IRR) if the Nifty clears 36%
- Principal protected across a wide minus 20% to plus 20% band
- One-for-one participation between a 20% and 35% Nifty gain
- Losses are geared at about 1.6x below a 20% Nifty fall
- Entry level is struck above the level on the day, so the index starts behind
- Long 1910-day tenor, 365-day lock-in and low liquidity
Suitable market conditions
Notes that give you a larger share of the market's rise (about a 14 to 15% yearly return at the ceiling) in exchange for taking the market's falls in full. Your original money is not protected.
Documents and downloads
The official term sheet and offer document for this structure are available on request. Always read them before investing.