InvestorQ : I have invested money in FEL FD for 3 years... completed 6 months now...future group share price is falling daily..is it my FD money safe ?..is there chance of default..?
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I have invested money in FEL FD for 3 years... completed 6 months now...future group share price is falling daily..is it my FD money safe ?..is there chance of default..?

Answer
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Anu Biswas answered.
6 months ago


I am not sure if your FD money is safe because the company appears to be a serious cash crunch due to overstretching it is finances in the recent past. All the Future group companies are hitting lower circuit on a daily basis and that is not a very good signal. You must immediately talk to the finance department of the company and get clarity on the status of redemption of FDs. In case the company has any facility for premature withdrawal, you should opt for it even if it entails a cost at this point of time. the chance of default is quite high at this point of time.