Hot Deal

Is Future Group going down?

333°
Deal Subedar
jainashish85

1. Monthly coupons of 250/200/150 off on 1000 at big bazaar

2. 2000 cb (200 * 10 months) for buying 2000 worth apparel at big bazaar.

3. 2500 cb (250 * 10 months) for buying 3k worth apparel at brand factory.

4. 1500 cb (500 * 3) on adding 5000 into future pay wallet

5. 1500 cb on adding 5000 into central wallet.

6. Future group FD at arounf 11.6% P.A which is way too high than the current market rates
https://www.financialexpress.com/money/future-g...

I understand these offers will make sure they have more footfall at their stores in the coming quarters and hoping people will buy more than the cb amount of 200/250 per month, but these deals were never heard of by established offline players.

Is this the group doing a last attempt to compete with online stores (fashion and grocery) by gathering funds at expensive rates and buring in name of cashback or do you see this is a good strategy which would pay off in the long run?

Side question: how safe to invest in future group FD now? smile

18 Comments  |  
10 Dimers
  • Sort By
Deal Subedar Deal Subedar
Link Copied

We need to go to Big Bazaar in order to buy this CFD?

Deal Subedar Deal Subedar
Link Copied

Yes, any of the future group stores. I have personally seen them in bigbazaar store.

Benevolent Benevolent
Link Copied

11.60% is a juglary of figures. the actual annualised yield is 10.48%
the instrument rating is AA- which is not that high and it is unsecured.

Deal Subedar Deal Subedar
Link Copied

Many of us still fall for this trap eyeing few peanuts thrown at us.

People will invest, will get interest but they aren’t bothered about the principal they are invested.

View 4 more replies
Generous Generous
Link Copied

They are doing this to attract America’s Amazon and Japan’s 7/11 to invest in the company.

Deal Subedar Deal Subedar
Link Copied

Plz elaborate

View 2 more replies
Benevolent Benevolent
Link Copied

The news is already out they are working with 7-11 groups to provide 24×7 shopping experience…

Deal Subedar Deal Subedar
Link Copied

The investment is for FEL future enterprise limited and no future retail that we all are discussing.

Future group playing smart by using their brand value in one segment and feeding other businesses

Deal Subedar Deal Subedar
Link Copied

Glad, I didn’t opt for Future Group FD, does anyone know what would happen to the people who had invested in case Mota bhai buys future retail.

Super Stud Super Stud
Link Copied

Nice analysis @jainashish85 you predicted a year earlier.

View 1 more reply
Helpful Helpful
Link Copied
plus1good observation
replyuser
Click here to reply
Reply