Sensex Leverage Accelerator 108%
Anand Rathi Global Finance Ltd (unrated) · BSE Sensex · 77,807 live
A 108% coupon if the Sensex is up 39% over about 5 years, principal protected down to a 20% fall, with geared losses below that.
What is this product
An approximately 5.2-year non-principal-protected debenture on the BSE Sensex (Anand Rathi). It pays a large digital coupon on a strong rally, a smaller coupon in a mid band, protects capital through a wide band, then gears losses in a sharp fall.
- 01If the Sensex is up 39% or more at the observation dates, you earn a 108% coupon (about a 15% IRR).
- 02If the Sensex is up between 32% and 38%, you earn a flat 47% coupon.
- 03If the Sensex ends anywhere between minus 20% and plus 32%, principal is returned with no coupon.
- 04Below a 20% fall, losses are geared (about 1.6x just below the threshold, easing toward one-for-one in a deep crash). Per debenture ₹1.25 L, with a 365-day lock-in.
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 | -48.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% |
Historical simulation
The payoff run over the REAL BSE Sensex path in each regime.
A deep equity bear market.
A fast, sharp drawdown.
A strong recovery and rally.
A largely range-bound market.
Risk analytics
- Large 108% coupon (about 15% IRR) on a strong rally
- Principal protected across a wide minus 20% to plus 32% band
- Live Sensex underlying and long horizon to clear the hurdle
- No coupon unless the Sensex beats 32% over the term
- Geared losses if the Sensex falls more than 20%
- Unrated issuer, 365-day lock-in and low liquidity
Suitable market conditions
Short-tenor directional expressions with a defined stop and target for tactical positioning.
Documents and downloads
The official term sheet and offer document for this structure are available on request. Always read them before investing.