{"id":10998,"date":"2019-04-16T15:54:57","date_gmt":"2019-04-16T10:24:57","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=10998"},"modified":"2019-05-21T12:04:06","modified_gmt":"2019-05-21T06:34:06","slug":"muthoot-homefin-ncd-apr19","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/muthoot-homefin-ncd-apr19\/","title":{"rendered":"10% Muthoot Homefin (India) Limited NCD \u2013 Apr&#8217;19 \u2013 Should you Invest?"},"content":{"rendered":"\n<p><strong>Muthoot Homefin (India) Limited<\/strong>\u00a0<strong>has come out with public issue of non-convertible debentures (NCD) offering up to 10% interest rate<\/strong>. The company was incorporated on August 26, 2011 and is currently the wholly owned subsidiary of Muthoot Finance Limited, which is one of India\u2019s largest gold financing companies by loan portfolio. Company focuses on providing affordable housing loans to Lower Middle Income groups and Economically Weaker Sections of society in tier 2, tier 3 and tier 4 cities.<\/p>\n<h2>Muthoot Homefin NCD \u2013 Significant Points:<\/h2>\n<ul>\n<li><strong>Offer Period:<\/strong>\u00a0April 8 to May 7, 2019<\/li>\n<li><strong>Annual Interest Rates<\/strong>\u00a0for Retail Investors: 9.25% to 10% depending on tenure<\/li>\n<li><strong>Price of each bond:<\/strong>\u00a0Rs 1,000<\/li>\n<li><strong>Minimum Investment<\/strong>: 10 Bonds (Rs 10,000)<\/li>\n<li><strong>Max Investment Limit<\/strong>\u00a0for Retail Investor: Rs 10 Lakhs<\/li>\n<li><strong>Credit Rating:<\/strong>\u201cCRISIL AA\/Stable\u201d by CRISIL<\/li>\n<li><strong>NCD Size:<\/strong>\u00a0Rs. 150 Crores with an option to Retain Over-subscription Up to Rs 300 crore<\/li>\n<li><strong>Allotment<\/strong>: First Come First Serve<\/li>\n<li><strong>Listing:<\/strong>\u00a0Bonds would be listed on BSE and will entail capital gains tax on exit through secondary market<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote\">\n<p><strong>Also Read<\/strong><em>\u00a0\u2013\u00a0<\/em><em><a href=\"https:\/\/www.apnaplan.com\/know-ncd-investment-tips-tds-and-taxation\/\">Know NCD \u2013 Investment Tips, TDS and Taxation<\/a><\/em><\/p>\n<\/blockquote>\n<h2>Muthoot Homefin NCD \u2013 Investment Options:<\/h2>\n<p>There are 10 options of investment in Muthoot Homefin NCD.<\/p>\n<div id=\"attachment_10999\" class=\"wp-caption aligncenter\">\n<figure id=\"attachment_10999\" aria-describedby=\"caption-attachment-10999\" style=\"width: 757px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-10999\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-India-Limited-NCD-\u2013-April-2019-\u2013-Investment-options-1024x375.png\" alt=\"Muthoot Homefin India Limited NCD \u2013 April 2019 \u2013 Investment options\" width=\"757\" height=\"277\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-India-Limited-NCD-\u2013-April-2019-\u2013-Investment-options-1024x375.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-India-Limited-NCD-\u2013-April-2019-\u2013-Investment-options-300x110.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-India-Limited-NCD-\u2013-April-2019-\u2013-Investment-options-768x281.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-India-Limited-NCD-\u2013-April-2019-\u2013-Investment-options.png 1269w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-10999\" class=\"wp-caption-text\"><strong>Muthoot Homefin India Limited NCD \u2013 April 2019 \u2013 Investment options<\/strong><\/figcaption><\/figure>\n<\/div>\n<blockquote>\n<p><a href=\"https:\/\/www.apnaplan.com\/category\/fixed-income\/bonds\/ncds\/\">Click to Know about latest NCD issues<\/a><\/p>\n<\/blockquote>\n<h2>Muthoot Homefin NCD \u2013 Who can Apply?<\/h2>\n<p>This issue is open to all Indian residents, HUFs and Institutions.<\/p>\n<ol>\n<li>Category I \u2013 Institutional Investors \u2013 10% of the issue is reserved<\/li>\n<li>Category II \u2013 Non-Institutional Investors, Corporates \u2013 10% of the issue is reserved<\/li>\n<li>Category III \u2013 HNIs \u2013 30% of the issue is reserved<\/li>\n<li>Category IV \u2013 Retail Individual Investors \u2013 50% of the issue is reserved<\/li>\n<\/ol>\n<p>However NRIs cannot apply for this NCD.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p><strong>Also Read:<\/strong>\u00a0<a href=\"https:\/\/www.apnaplan.com\/tax-free-incomes-investments\/\">25 Tax Free Incomes &amp; Investments in India<\/a><\/p>\n<\/blockquote>\n<h2>Why you should invest?<\/h2>\n<ol>\n<li>AA Credit rating means less likely hood of credit default<\/li>\n<li>The NCD is secured, which means the above debt is backed by assets of the company<\/li>\n<li>wholly owned subsidiary of Muthoot Finance Limited, which is one of India\u2019s largest gold financing companies<\/li>\n<li>The\u00a0<a href=\"https:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\">interest rates are 2% higher than your regular Bank FDs<\/a><\/li>\n<li>No TDS if invested in Demat Form<\/li>\n<\/ol>\n<h2>Why you should not invest?<\/h2>\n<ol>\n<li>There are NCDs available in secondary market which have higher yields with similar rating. The problem is low liquidity and hence is difficult to buy in large numbers.<\/li>\n<li>The present\u00a0<a href=\"https:\/\/www.apnaplan.com\/category\/fixed-income\/bonds\/tax-free-bond\/\">Tax Free Bonds<\/a>\u00a0are offering yields up to 6.5% in secondary market, which is better investment for People in highest tax bracket.<\/li>\n<\/ol>\n<h2>How to Apply?<\/h2>\n<p>You can apply online by ASBA facility provided by banks. It\u2019s the easiest way to apply and also avoids a lot of hassle in terms of KYC and paper work.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p><strong>Learn:\u00a0<\/strong><a href=\"https:\/\/www.apnaplan.com\/ipo-asba\/\">How to apply for NCD issues using ASBA?<\/a><\/p>\n<\/blockquote>\n<p>In case you don\u2019t want to do it online, you can download the application form from company site or Financial Institutions and submit to collection centers.<\/p>\n<div id=\"attachment_11000\" class=\"wp-caption aligncenter\">\n<figure id=\"attachment_11000\" aria-describedby=\"caption-attachment-11000\" style=\"width: 996px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11000\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019.png\" alt=\"Muthoot Homefin Limited NCD \u2013 April 2019Muthoot Homefin Limited NCD \u2013 April 2019\" width=\"996\" height=\"539\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019.png 996w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019-300x162.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019-768x416.png 768w\" sizes=\"(max-width: 996px) 100vw, 996px\" \/><figcaption id=\"caption-attachment-11000\" class=\"wp-caption-text\"><strong>Muthoot Homefin Limited NCD \u2013 April 2019<\/strong><\/figcaption><\/figure>\n<\/div>\n<h2>Recommendation:<\/h2>\n<ol>\n<li>My recommendation is to<strong>\u00a0invest some part of your Fixed Income investment in this NCD Issue<\/strong><\/li>\n<li>You should always\u00a0<strong>have diversified portfolio<\/strong>\u00a0be it fixed deposit, NCD or equity investment<\/li>\n<li>Its good idea to\u00a0<strong>remain invested till maturity<\/strong>\u00a0because liquidity on exchanges are low and hence you would get lower than market value<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Muthoot Homefin (India) Limited\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 10% interest rate. It was incorporated on August 26, 2011 and is currently the wholly owned subsidiary of Muthoot Finance Limited<\/p>\n","protected":false},"author":1,"featured_media":11000,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[31,30,194],"tags":[3839,3840,3841,3809],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019.png",996,539,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019-300x162.png",300,162,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019-768x416.png",768,416,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019.png",996,539,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019.png",996,539,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019.png",996,539,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/04\/Muthoot-Homefin-Limited-NCD-\u2013-April-2019.png",120,65,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Muthoot Homefin (India) Limited\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 10% interest rate. It was incorporated on August 26, 2011 and is currently the wholly owned subsidiary of Muthoot Finance Limited","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/10998"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=10998"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/10998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/11000"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=10998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=10998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=10998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}