{"id":11996,"date":"2021-04-01T02:42:00","date_gmt":"2021-03-31T21:12:00","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=11996"},"modified":"2021-04-06T18:38:13","modified_gmt":"2021-04-06T13:08:13","slug":"muthoottu-mini-ncd-april-2021","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/muthoottu-mini-ncd-april-2021\/","title":{"rendered":"10.25% Muthoottu Mini NCD \u2605 April&#8217;21 \u2605 Should you Invest?"},"content":{"rendered":"\n<p>Muthoottu Mini Financiers Ltd has come out with public issue of non-convertible debentures (NCD) &#8211; <strong>Muthoottu Mini NCD offering up to 10.25% interest rate<\/strong> and <strong>opens for subscription from March 30, 2021<\/strong>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.muthoottumini.com\/\" target=\"_blank\" aria-label=\"Muthoottu Mini Financiers (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">Muthoottu Mini Financiers<\/a> Limited, is NBFC based out of Kerala dealing in Gold Loans. It has main presence in southern states with some branches in Delhi, Haryana etc. <strong>This is different from <a class=\"rank-math-link\" href=\"http:\/\/www.apnaplan.com\/tag\/muthoot-finance\/\">Muthoot Finance<\/a>, <em>(different spelling and logo)<\/em> which is the biggest player in Gold Loan.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Muthoottu Mini NCD \u2013 Significant Points:<\/h2>\n\n\n\n<ul><li><strong>Offer Period:<\/strong> March 30 to April 23, 2021<\/li><li><strong>Annual Interest Rates<\/strong> for Retail Investors: 9.00% to 10.25% depending on tenure<\/li><li><strong>Price of each bond:<\/strong>&nbsp;Rs 1,000<\/li><li><strong>Minimum Investment<\/strong>: 10 Bonds (Rs 10,000)<\/li><li><strong>Max Investment Limit<\/strong>&nbsp;for Retail Investor: Rs 10 Lakhs<\/li><li><strong>Credit Rating:<\/strong> IND BBB by India Ratings<\/li><li><strong>Allotment<\/strong>: First Come First Serve<\/li><li><strong>Listing:<\/strong> Bonds would be listed on BSE and will entail capital gains tax on exit through secondary market<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Muthoottu Mini NCD \u2013 Investment Options:<\/h2>\n\n\n\n<p>There are 7 options of investment in Muthoottu Mini NCD.<\/p>\n\n\n\n<div class=\"wp-block-image size-large wp-image-11775 is-style-default\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"475\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-Investment-Options-1024x475.jpg\" alt=\"Muthoottu Mini NCD - April 2021 - Investment Options\" class=\"wp-image-11998\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-Investment-Options-1024x475.jpg 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-Investment-Options-300x139.jpg 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-Investment-Options-768x357.jpg 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-Investment-Options-1536x713.jpg 1536w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-Investment-Options.jpg 1848w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption><strong>Muthoottu Mini NCD &#8211; April 2021 &#8211; Investment Options<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-2c991cc2\"><h4 class=\"uagb-notice-title\"><strong>Learn All about NCDs<\/strong><\/h4><div class=\"uagb-notice-text\"><p>NCDs or non-convertible debentures or more popularly known as Bonds are a bit complex investment products. You must understand the product, risk involved, the taxation on interest received and when you sale it. We have done a separate post regarding this titled &#8211; <a class=\"rank-math-link\" href=\"https:\/\/www.apnaplan.com\/know-ncd-investment-tips-tds-and-taxation\/\">Know all about NCDs<\/a>.<\/p><p>Also you can <a class=\"rank-math-link\" href=\"https:\/\/www.apnaplan.com\/category\/fixed-income\/bonds\/ncds\/\">keep track of <strong>upcoming NCD issues<\/strong> here<\/a>.<\/p><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Muthoottu Mini NCD \u2013 Who can Apply?<\/h2>\n\n\n\n<p>This issue is open to all Indian residents, HUFs and Institutions.<\/p>\n\n\n\n<ol><li>Category I \u2013 Institutional Investors \u2013 10% of the issue is reserved<\/li><li>Category II \u2013 Non-Institutional Investors, Corporates \u2013 10% of the issue is reserved<\/li><li>Category III \u2013 HNIs \u2013 40% of the issue is reserved<\/li><li>Category IV \u2013 Retail Individual Investors \u2013 40% of the issue is reserved<\/li><\/ol>\n\n\n\n<p>However NRIs cannot apply for this NCD.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-69757756\"><h4 class=\"uagb-notice-title\"><strong>Best way to Double your Money<\/strong><\/h4><div class=\"uagb-notice-text\"><p>Who does not want more and wouldn&#8217;t you love to <strong>Double your money<\/strong>? For sure we all would &#8211; we have <a class=\"rank-math-link\" href=\"https:\/\/www.apnaplan.com\/best-ways-to-double-money\/\">listed 7 authentic investments which you can use to double your money<\/a>. The post talks not only about the returns but also the risks associated with each investment.<\/p><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Muthoottu Mini NCD Review<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Why you should invest in Muthoottu Mini NCD?<\/h3>\n\n\n\n<ol><li><span style=\"font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif; font-size: 1rem; font-weight: inherit;\">The NCD is secured, which means the above debt is backed by assets of the company<\/span><\/li><li>The&nbsp;<a href=\"https:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\" class=\"rank-math-link\">interest rates are 2% &#8211; 3% higher than your regular Bank FDs<\/a><\/li><li>No TDS if invested in Demat Form<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Why you should not invest in Muthoottu Mini NCD?<\/h3>\n\n\n\n<ol><li>The issue has BBB rating &#8211; which means retail investors should stay away as it has high risk of default.<\/li><li>You can invest in <a href=\"https:\/\/www.apnaplan.com\/edelweiss-financial-services-ncd-review-april2021\/\" class=\"rank-math-link\">Edelweiss Financial Services Ltd NCD<\/a> offering up to 9.25% and has AA rating.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">How to Apply for Muthoottu Mini NCD?<\/h2>\n\n\n\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\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-493b46b4\"><h4 class=\"uagb-notice-title\"><strong>How to apply for NCD through ASBA?<\/strong><\/h4><div class=\"uagb-notice-text\"><p>If you want to apply to NCDs, ASBA is the best way to do so. It&#8217;s easy, secure and the money leaves the account only when the bonds are allocated. We have covered <a href=\"https:\/\/www.apnaplan.com\/ipo-asba\/\" class=\"rank-math-link\">step by step process for ASBA in SBI <\/a>in the post. You have ASBA facility in most big banks. <\/p><\/div><\/div>\n\n\n\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\n\n\n<div class=\"wp-block-image size-full wp-image-11776 is-style-default\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"999\" height=\"539\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021.png\" alt=\"Muthoottu Mini NCD - April 2021\" class=\"wp-image-11997\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021.png 999w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-300x162.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-768x414.png 768w\" sizes=\"(max-width: 999px) 100vw, 999px\" \/><figcaption><strong>Muthoottu Mini NCD &#8211; April 2021<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Recommendation:<\/h2>\n\n\n\n<ol><li>My recommendation is <span style=\"color:#cf2e2e\" class=\"tadv-color\"><strong>DO NOT Invest&nbsp;<\/strong><\/span> in Muthoottu Mini NCD due to BBB credit rating.<\/li><\/ol>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-6ad219bc\"><h4 class=\"uagb-notice-title\"><strong>How much Taxes you Need to Pay this Year? <\/strong>Download Our Income Tax Calculator to Know your Numbers<\/h4><div class=\"uagb-notice-text\"><p>Do you know how much tax you need to pay for the year? Have you taken benefit of all tax saving rules and investments? Should you use the &#8220;NEW&#8221; tax regime or continue with the old one? In case you have all these questions just <a href=\"https:\/\/www.apnaplan.com\/income-tax-calculator-india\/\" class=\"rank-math-link\">Download the Free Excel Income Tax Calculator for FY 2021-22 (AY 2022-23)<\/a> and get your answers.<\/p><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Muthoottu Mini NCD FAQs<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1617551604607\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 How to apply for Muthoottu Mini NCD?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can apply online by <a href=\"https:\/\/www.apnaplan.com\/ipo-asba\/\" class=\"rank-math-link\">ASBA facility provided by most banks<\/a>. It\u2019s the easiest way to apply and also avoids a lot of hassle in terms of KYC and paper work. 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\n<\/div>\n<\/div>\n<div id=\"faq-question-1617551688957\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 Is Muthoottu Mini NCD Secure?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Option 1 to 5 of Muthoottu Mini NCD is secured by its assets and future income. However option 6 &amp; 7 are unsecured.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1617551690554\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 What is tax on Muthoottu Mini NCD?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>For Tax Purpose NCDs are treated similar to Fixed Deposits. <strong>The interest earned is added to your income as \u201cincome from other sources\u201d and taxed accordingly.<\/strong><\/p>\n<p>In case the NCD is sold before maturity on stock exchanges, it would lead to <strong>Capital Gains<\/strong> and taxed according to the holding period.<br \/>   -If the NCD was sold within 12 months of allotment, it leads to <strong>Short Term Capital Gains<\/strong> and<br \/>   -if the selling period is more than 12 months its <strong>Long Term Capital Gains<\/strong><br \/>   -Short Term Capital Gains would be added to income and taxed accordingly<br \/>   -Long term capital Gains would be taxed at the flat rate of 10% (u\/s 112 of IT Act)<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1617551691396\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 Is Muthoottu Mini NCD safe to invest?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The credit rating for Muthoottu Mini NCD is BBB. This is a low rating and hence our recommendation is to stay away from this.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Muthoottu Mini NCD issue is open with up to 10.25% coupon offering. However remember this is different company than Muthoot Finance. Not a recommended investment due to poor rating.<\/p>\n","protected":false},"author":1,"featured_media":11997,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","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":"default","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":[3981,2799,2800,2801,3979],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021.png",999,539,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-300x162.png",300,162,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021-768x414.png",768,414,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021.png",999,539,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021.png",999,539,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021.png",999,539,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoottu-Mini-NCD-April-2021.png",120,65,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Muthoottu Mini NCD issue is open with up to 10.25% coupon offering. However remember this is different company than Muthoot Finance. Not a recommended investment due to poor rating.","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11996"}],"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=11996"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/11997"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=11996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=11996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=11996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}