Investment in Muthoot Finance NCD, issue details, rating, opening & closing date
This resource is for giving information about NCDs offred by Muthoot Finance. You can avail high interest as compared to Bank FDs in this option and Double your money in 5.5 years. This is a good choice of investment with high interest payout. Read more about this investment opportunity:
Opportunity to double your money in 5.5 years, invest in Muthoot Finance NCD
Muthoot finance ltd issues Non Convertible Debentures which double your money in 66 months, a guaranteed 100% growth in 5.5 years. Muthoot Finance is the largest gold financing company in India in terms of loan portfolio, according to IMaCS Industry Report (2010 Update). Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
Services provided by Muthoot Finance are :
Currently highest interest rate available in any bank is 9.50%. With the option of Muthoot Finance Non Convertible Debentures, one can earn up to 13.43% of interest. This is a good choice of investment.Muthoot Finance NCD Issue details:
Muthoot Finance Non Convertible Debentures Interest Rate:
On maturity basis the Muthoot Finance NCD has come up with four options :
1. The rate of interest is 13% p.a for 24 months NCD
2. The rate of interest is 13.25% p.a for 36 months NCD
3. The rate of interest is 13.25% p.a for 60 months NCD
4. 13.43% p.a for 66 months NCD which offer 100% accumulated interest
TDS (Tax Deduction at Source) exemption in Muthoot Finance NCD
No income tax is deductible at source as per the provisions of Section 193 of the IT Act on interest on debentures issued by a company in a dematerialised form listed on recognised stock exchange in India.Muthoot Finance NCD Crisil Ratings
"AA/Stable" rating by CRISIL and ICRA.
The above ratings indicate high degree of safety for timely servicing of financial obligations and these instruments carry very low credit risk.Exchange Listing:
The Muthoot Finance NCD will list in NSE and can trade like any other NCDs. NCDs will be credited in your existing Demat Account.Muthoot Finance NCD Issue Opens
2: March, 2012Muthoot Finance NCD Issue Closes
: 17 March, 2012Muthoot Finance NCD Application details :
Minimum application amount is Rs.5000/- and the multiples of Rs. 1000 (1 unit) afterwards.
Allotment is only on "First Come First Serve" basis.
Muthoot Finance Non Convertible Debentures Application Forms are available with all leading brokers of NSE.