Muthoot finance ltd issues Non Convertible Debentures which double your money in 66 months, a guaranteed 100% growth in 5.5 years. The issue of NCD opened in the market on 22nd December, 2011 and the issue closes on 07thJanuary, 2012. This time, Muthoot finance, the largest gold loan providers in India issues their second issue of NCD.
Face value and Minimum investment: The face value of one unit of Muthoot Finance NCD is Rs. 1000 and theminimum required investment is Rs. 5000 and the multiples of Rs. 1000 (1 unit) afterwards.
Maturity and rate of interest: on maturity basis the Muthoot Finance NCD can divide into four options. Those are 24 months, 36 months, 60 months and 66 months NCDs. The rate of interest is 13% p.a for 24 months NCD, 13.25% p.a for 36 months and 60 months NCD and 13.43% p.a for 66 months NCD which offer 100% accumulated interest in 66 months. The interest rate is same for all investors such as institutional investors, Non institutional investors and retail investors.
Interest payment: Annual interest payment for 24 months, 36 months and 60 months NCDs and for 66 monthsMuthoot Finance NCD, the interest payment is only at the maturity, which gives compound interest and this will give double amount as maturity.
Maturity value or redemption amount: The Muthoot finance NCD offer face value as maturity value for all annual interest payment option and double amount (Rs. 2000 for NCD of Rs. 1000) for compound interest option which is 66 months NCD.
Issue details: Issue size is Rs. 3000 million and credit rating by CRISIL & CARE.
Lead Managers are ICICI Securities Ltd, A.K Capital Services Ltd, HDFC Bank Ltd, Karvy Investor Services Ltd and Co-Lead Managers are RR Investors Capital Services Limited, SMC Capitals Ltd for Muthoot Finance NCD.
Bankers to Issue the Muthoot Finance NCD are HDFC Bank, IDBI Bank, ICICI Bank, IndusInd Bank, Axis Bank,Dhanlakshmi Bank
Listing in Stock Exchange: The Muthoot Finance NCD will list in NSE and can trade like any other NCDs.
Muthoot finance NCD is attractive with its high interest and the high-profile of the institution.
Muthoot finance NCD offer to double money in 5.5 years
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Muthoot Finance Non Convertible Debentures
I would like to know more about the deposit scheme and interest rate please reply
i have no demat a/c . may i invest in muthoot finance
Not this time. This time they issue NCD only through Demat account. Last time it was possible.
YES, for more details CALL MR. PRAFULSING SOLANKI;-9979228275
Would the interest be Tax Free or it would be Taxable ?
Pingback: Forex In Real Accounts and strategies, with real robots and guides to avoid all types of scam – India Infoline Finace Ltd. NCD (IIFL NCD) Pays 12.75%