30.9% Tax Bracket<\/strong><\/td>\n8.98%<\/td>\n | 9.16%<\/td>\n | 9.16%<\/td>\n | 9.28%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Ratings:<\/strong><\/p>\nMuthoot NCDs have been rated AA-(stable) by ICRA Ltd and AA-\/stable by Crisil Ltd.<\/strong> The ratings indicate very low credit risk as well as a high probability of timely interest payment.<\/p>\nCompany Details:\u00a0Muthoot Finance<\/strong><\/p>\nMuthoot Finance is on a strong growth path and its profit after tax in the first six months of the current fiscal year stood at `406 crore compared with a profit of `494 crore during the whole of FY11. The capital adequacy ratio of the company stands at 18.24%, much above the regulatory requirement of 15%.<\/p>\n However, the increasing level of non-performing asset (NPAs) is a problem area. The gross NPAs of the company were 0.59% in the first six months of FY12, up from 0.29% in entire FY11. While all its loans are securitized, a substantial correction in gold pric- es may adversely affect the loan recovery process, which in turn will hit the company’s financials.<\/p>\n Should you invest in\u00a0Muthoot Finance NCD?<\/p>\n We recommend investing in the present\u00a0Muthoot Finance NCD as this offers high interest rates for the risk it carries. \u00a0<\/strong>One thing to keep in mind is you might need to hold the bonds till maturity due to low liquidity of the same on stock exchanges. The other risk as stated by many analysts are in recent past Gold prices have become very volatile and if the prices of Gold crash in near term, Muthoot Finance may face difficulty in paying such high rates of interest.<\/p>\nMint Recommendation:\u00a0<\/strong>At 13%, the two-year option is attractively priced; a short lock-in reduces the perceived risk of holding for a long time.<\/p>\n","protected":false},"excerpt":{"rendered":"Muthoot Finance\u00a0– India largest gold loan company has once again come out with NCD (non-convertible debentures) offering 13 – 13.25% interest in 2, 3 and 5 years tenors.\u00a0It also has a product which doubles your money in 66 months offering a pre-tax yield of 13.46 per cent. Salient Features:\u00a0Muthoot Finance NCD These NCDs are available […]<\/p>\n","protected":false},"author":1,"featured_media":1482,"comment_status":"open","ping_status":"open","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":[31,195,30,194],"tags":[348,260,2828,50],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/03\/Muthoot-finance-NCD-offer-March-2012.png",709,1191,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/03\/Muthoot-finance-NCD-offer-March-2012-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/03\/Muthoot-finance-NCD-offer-March-2012-178x300.png",178,300,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/03\/Muthoot-finance-NCD-offer-March-2012.png",709,1191,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/03\/Muthoot-finance-NCD-offer-March-2012-609x1024.png",609,1024,true],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/03\/Muthoot-finance-NCD-offer-March-2012.png",709,1191,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/03\/Muthoot-finance-NCD-offer-March-2012.png",709,1191,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/03\/Muthoot-finance-NCD-offer-March-2012.png",71,120,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":6,"uagb_excerpt":"Muthoot Finance\u00a0– India largest gold loan company has once again come out with NCD (non-convertible debentures) offering 13 – 13.25% interest in 2, 3 and 5 years tenors.\u00a0It also has a product which doubles your money in 66 months offering a pre-tax yield of 13.46 per cent. Salient Features:\u00a0Muthoot Finance NCD These NCDs are available…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/1481"}],"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=1481"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/1481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/1482"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=1481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=1481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=1481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |