{"id":12080,"date":"2021-04-08T01:46:23","date_gmt":"2021-04-07T20:16:23","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=12080"},"modified":"2021-04-08T01:46:25","modified_gmt":"2021-04-07T20:16:25","slug":"muthoot-fincorp-ncd-april-2021-review","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/muthoot-fincorp-ncd-april-2021-review\/","title":{"rendered":"10.20% Muthoot Fincorp NCD \u2605 April 2021 \u2605 Review"},"content":{"rendered":"\n<p>Muthoot Fincorp Ltd,<strong> <\/strong>has come out with public issue of non-convertible debentures (NCD) &#8211; <strong>Muthoot Fincorp<\/strong> <strong>NCD offering up to 10.20% interest rate<\/strong> and <strong>opens for subscription from April 7, 2021<\/strong>. This post is about Muthoot Fincorp NCD Review.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.muthootfincorp.com\/\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">Muthoot Fincorp Ltd<\/a> is a non-deposit taking NBFC (non-banking finance company). The NBFC is focused on loan against gold ornaments &amp; jewellery for personal &amp; business needs. They also have some interest in generation and sale of wind energy and real-estate.  <em>Note: Muthoot Fincorp Ltd is a different company than Muthoot Finance which is market leader in gold loans.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Muthoot Fincorp NCD \u2013 Significant Points:<\/h2>\n\n\n\n<ul><li><strong>Offer Period:<\/strong> April 7 to 29, 2021<\/li><li><strong>Annual Interest Rates<\/strong> for Retail Investors: 8.25% to 10.20% depending on tenure<\/li><li><strong>Price of each bond:<\/strong>\u00a0Rs 1,000<\/li><li><strong>Minimum Investment<\/strong>: 10 Bonds (Rs 10,000)<\/li><li><strong>Max Investment Limit<\/strong>\u00a0for Retail Investor: Rs 10 Lakhs<\/li><li><strong>Credit Rating:<\/strong> CRISIL A+ (Stable) by Crisil Rating<\/li><li><strong>NCD Size:<\/strong> Rs. 200 Crores with an option to Retain Over-subscription Up to Rs 200 crore<\/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><li>This NCD issue security symbol is <strong>MFINCORP10<\/strong><\/li><\/ul>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-f1077c98\"><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\">Muthoot Fincorp NCD \u2013 Investment Options:<\/h2>\n\n\n\n<p>There are 9 options of investment in Muthoot Fincorp 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=\"530\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-Investment-Options-1024x530.png\" alt=\"Muthoot Fincorp NCD- April 2021 - Investment Options\" class=\"wp-image-12078\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-Investment-Options-1024x530.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-Investment-Options-300x155.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-Investment-Options-768x397.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-Investment-Options-1536x795.png 1536w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-Investment-Options-2048x1060.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption><strong>Muthoot Fincorp NCD- 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-3eb765ba\"><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\">Muthoot Fincorp 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 30% of the issue is reserved<\/li><li>Category IV \u2013 Retail Individual Investors \u2013 50% of the issue is reserved<\/li><\/ol>\n\n\n\n<p>However NRIs cannot apply for this NCD.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Muthoot Fincorp NCD Review<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Why you should invest in Muthoot Fincorp NCD?<\/h3>\n\n\n\n<ol><li>Some <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;\">series (except IV, V IX) NCD is secured, which means the above debt is backed by assets of the company<\/span><\/li><li>The\u00a0<a href=\"https:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\" class=\"rank-math-link\">interest rates are 3% &#8211; 4% 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 Muthoot Fincorp 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;\">There have been issues with some well rated companies like DHFL, IL&amp;FS where rating agencies suddenly downgrade the rating. This risk always existed but it has come to forefront in last few months<\/span><\/li><li>The fortune of Gold Loan companies are dependent on Gold Prices. Any negative correction to Gold prices can be bad for company<\/li><li>There are other <a href=\"https:\/\/www.apnaplan.com\/category\/fixed-income\/bonds\/ncds\/\" class=\"rank-math-link\">NCDs open for subscription<\/a><\/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-b5e9aec9\"><h4 class=\"uagb-notice-title\"><strong>Should you Invest in Gold?<\/strong><\/h4><div class=\"uagb-notice-text\"><p>We looked at more than 55 years history of gold to see if its a good idea to invest in Gold. We concluded that its more volatile than perceived but investing in long term may provide you with more stable returns. You can look at the complete analysis and our conclusion <a href=\"https:\/\/www.apnaplan.com\/gold-price-in-india-40-years-history\/\" class=\"rank-math-link\">here &#8211; Looking at Gold Price History in India \u2013 Should you Invest in Gold?<\/a><\/p><\/div><\/div>\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=\"1006\" height=\"547\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-.png\" alt=\"Muthoot Fincorp NCD - April 2021\" class=\"wp-image-12079\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-.png 1006w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021--300x163.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021--768x418.png 768w\" sizes=\"(max-width: 1006px) 100vw, 1006px\" \/><figcaption><strong>Muthoot Fincorp NCD Review &#8211; April 2021<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">How to Apply for Muthoot Fincorp 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-df0376c6\"><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<h2 class=\"wp-block-heading\">Recommendation:<\/h2>\n\n\n\n<ol><li>My recommendation is<strong>\u00a0invest very little part of your Fixed Income investment in Muthoot Fincorp NCD Issue<\/strong> &#8211; <strong>Only secured &amp; short term options (Series I, II, VI, VIII) <\/strong>(this is relatively high risk for retail investors &#8211; you must understand the associated risk)<\/li><li>You should always\u00a0<strong>have diversified portfolio<\/strong>\u00a0be it fixed deposit, NCD or equity investment<\/li><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><\/ol>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-32cc0688\"><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\">Muthoot Fincorp 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 Muthoot Fincorp 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 Muthoot Fincorp NCD Secure?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Muthoot Fincorp NCD Series IV, V IX  is unsecured while all other investment options is secured by its assets and future income.<\/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 Muthoot Fincorp 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 Muthoot Fincorp NCD safe to invest?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The credit rating for Muthoot Fincorp NCD is A+. This is high risk for retail investors. If you must invest choose only secured &amp; short term options (Series I, II, VI, VIII). Do remember that these ratings are as of today and these may change depending on company&#8217;s performance and external situations. So investors need to track the company closely.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1617826344430\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 When would Muthoot Fincorp NCD April 2021 be listed on Stock exchange?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Muthoot Fincorp NCD would be listed on BSE within 6 days of close of the issue. <\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>We have Reviewed Muthoot Fincorp NCD &#8211; April 2021 issue which has A+ rating. This is only for investors with high risk appetite &#8211; only subscribe for secure option.<\/p>\n","protected":false},"author":1,"featured_media":12079,"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":[194,31,30],"tags":[2381,2382,3984,3979],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-.png",1006,547,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021--150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021--300x163.png",300,163,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021--768x418.png",768,418,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-.png",1006,547,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-.png",1006,547,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-.png",1006,547,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Muthoot-Fincorp-NCD-April-2021-.png",120,65,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":2,"uagb_excerpt":"We have Reviewed Muthoot Fincorp NCD - April 2021 issue which has A+ rating. This is only for investors with high risk appetite - only subscribe for secure option.","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/12080"}],"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=12080"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/12080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/12079"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=12080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=12080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=12080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}