Is Future Group going down?
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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?
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Yes, any of the future group stores. I have personally seen them in bigbazaar store.
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.
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.
They are doing this to attract America’s Amazon and Japan’s 7/11 to invest in the company.
Plz elaborate
The news is already out they are working with 7-11 groups to provide 24×7 shopping experience…
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
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.
Nice analysis @jainashish85 you predicted a year earlier.
We need to go to Big Bazaar in order to buy this CFD?