Nifty Magnifier 2 Year
Abans Broking Services Pvt Ltd · Nifty 50
Also known as Nifty Magnifier
You get 1.7 times the Nifty's rise, up to 59.5% (reached if the Nifty is up 35%), but fall with the market on the way down.
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.
No principal protection, so it carries up to 60% downside.
Balances 0% protection with up to 60% upside.
Prioritises up to 60% upside, accepting up to 60% downside.
What is this product
A 24-month non-principal-protected Nifty MLD from Abans (Series 159) that pays 170% of the Nifty gain, capped at a 35% index move (a 59.5% product return), with one-for-one downside.
- 01On the upside you earn 1.7 times the Nifty gain.
- 02The Nifty gain is capped at 35%, so the maximum product return is 59.5% (35% x 1.7).
- 03If the Nifty ends below the initial fixing level, the loss is one-for-one; principal is not protected.
- 04Minimum investment ₹5 L, in ₹1 L steps thereafter. Tenor 747 days, redemption around 1 April 2028.
The official closing level of the underlying on the initial fixing date named in the term sheet. No averaging window and no add-on.
The official closing level of the underlying on the final fixing date named in the term sheet. No averaging window.
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 | -30.0% | -20.0% | -10.0% | +0.0% | +17.0% | +34.0% | +51.0% | +59.5% | +59.5% | +59.5% |
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 83% of the 24-month holding windows since Jan 2008, Nifty Magnifier 2 Year 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% | -4.92% |
| 0% to 10% | 14% | +5.19% | +8.82% |
| 10% to 50% | 61% | +27.97% | +44.55% |
| Above 50% | 13% | +69.82% | +59.50% |
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
- 170% geared upside up to a 35% Nifty move
- Short 24-month tenor
- Secured debenture structure
- No principal protection; full 1x downside
- Upside capped at a 59.5% product return
- Unrated issuer (Abans) and low secondary 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.