10.4% Manappuram Finance Limited NCD – October 2018 – Should you Invest?
Manappuram Finance Limited has come out with latest NCD (non-convertible debentures) offering up to 10.40% interest rate. The issue opens on October 24 and closes on November 22, 2018.
Manappuram Finance Ltd is one of the major non-banking financial company in the gold finance business situated in Thrissur, Kerala. It has over 3200+ branches across 25 states, a staff strength of over 15,000+ people. It provides loans against the pledge of household and/or used gold jewelry and provide short-term personal and business gold loan primarily to retail customers.
For people in highest tax bracket Tax free bonds are trading at yields of 6.1% to 6.3% – which would turn out to be better and more secure investment
How to Apply?
If you have Demat account apply through that or ASBA facility provided by banks. It’s the easiest way to apply and also avoids a lot of hassle in terms of KYC and paper work
In case you don’t want to do it online, you can download the application form from Financial Institutions and submit to collection centers.
Recommendation:
My recommendation is to invest some part of your Fixed Income investment in this NCD Issue
You should always have diversified portfolio be it fixed deposit, NCD or equity investment
Its good idea to remain invested till maturity because liquidity on exchanges is low and hence you would get lower than market value
If you plan to invest in this issue, do it on first day as most NCD issues are over-subscribed within few days of opening.
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Amit
Hi Readers! I am Amit, the mind behind Apnaplan.com
I am MBA from NITIE, Mumbai and BIT from Delhi University.
This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.
Very informative. Good article. I am searching this for a long time.
Articles are very informative, educative and very much useful. Also timely updated. Keep it up. My sincere thanks to Mr Amit
.
The Previous generation got the pension but present generation will not get a pension so fianncial planning is important for our youth. you can use Systematic Investment Plan (SIP).Investment Service in Patna suggest you that before investing your fund you look at your financial status, fix your investment target, understand plans which is best for you.
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Very informative. Good article. I am searching this for a long time.
Articles are very informative, educative and very much useful. Also timely updated. Keep it up. My sincere thanks to Mr Amit
.
The Previous generation got the pension but present generation will not get a pension so fianncial planning is important for our youth. you can use Systematic Investment Plan (SIP).Investment Service in Patna suggest you that before investing your fund you look at your financial status, fix your investment target, understand plans which is best for you.
Very well explained article.