{"id":5796,"date":"2014-08-20T03:29:16","date_gmt":"2014-08-20T03:29:16","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=5796"},"modified":"2014-08-20T03:29:16","modified_gmt":"2014-08-20T03:29:16","slug":"11-5-muthoot-finance-ncd-augsep-2014-should-you-invest","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/11-5-muthoot-finance-ncd-augsep-2014-should-you-invest\/","title":{"rendered":"11.5% Muthoot Finance NCD \u2013 Aug\/Sep 2014 \u2013 Should you Invest?"},"content":{"rendered":"<figure id=\"attachment_5797\" aria-describedby=\"caption-attachment-5797\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5797\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest-300x174.png\" alt=\"Muthoot Finance NCD \u2013 Aug\/Sep 2014 \u2013 Should you Invest?\" width=\"300\" height=\"174\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest-300x174.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest.png 574w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-5797\" class=\"wp-caption-text\"><strong>Muthoot Finance NCD \u2013 Aug\/Sep 2014 \u2013 Should you Invest?<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">Muthoot Finance, the dominant player in Gold Loan Business has come out with Rs 400 crore public issue of non-convertible debentures (NCD) offering up to 11.50% interest rate.<\/p>\n<h2 style=\"text-align: justify;\">Muthoot Finance NCD \u2013 Significant Points:<\/h2>\n<ul>\n<li style=\"text-align: justify;\"><strong>Offer Period:<\/strong>\u00a0August 18 \u2013 September 18, 2014<\/li>\n<li style=\"text-align: justify;\"><strong>Annual Interest Rates<\/strong>\u00a0for Retail Investors: 10.25% to 11.50% depending on tenure<\/li>\n<li style=\"text-align: justify;\">There is also an option where the money doubles in 6 Years 6 Months (11.23% annual interest)<\/li>\n<li style=\"text-align: justify;\"><strong>Price of each bond:<\/strong>\u00a0Rs 1,000<\/li>\n<li style=\"text-align: justify;\"><strong>Minimum Investment<\/strong>: 10 Bonds (Rs 10,000)<\/li>\n<li style=\"text-align: justify;\"><strong>Max Investment Limit<\/strong>\u00a0for Retail Investor: Rs 10 Lakhs<\/li>\n<li style=\"text-align: justify;\"><strong>Credit Rating<\/strong>: \u2018ICRA AA-\/Stable\u2019 by ICRA<\/li>\n<li style=\"text-align: justify;\"><strong>Allotment<\/strong>: First Come First Serve<\/li>\n<li style=\"text-align: justify;\"><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><p><span style=\"background-color: #ffcc00;\"><strong style=\"font-style: italic;\">Also Read<\/strong><\/span><span style=\"font-style: italic;\"><span style=\"background-color: #ffcc00;\">\u00a0\u2013<\/span>\u00a0<\/span><span style=\"font-style: italic;\"><a style=\"font-weight: inherit; font-style: inherit; color: #005fa1;\" href=\"http:\/\/www.apnaplan.com\/know-ncd-investment-tips-tds-and-taxation\/\"><span style=\"font-weight: inherit; font-style: inherit;\">Know NCD \u2013 Investment Tips, TDS and Taxation<\/span><\/a><\/span><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\">Muthoot Finance\u00a0NCD &#8211; Investment Options:<\/h2>\n<p style=\"text-align: justify;\">There are 11 options of investment in Muthoot Finance NCD.<\/p>\n<figure id=\"attachment_5798\" aria-describedby=\"caption-attachment-5798\" style=\"width: 661px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-5798\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Investment-Options-August-September-2014-1024x363.png\" alt=\"Muthoot Finance NCD \u2013 Investment Options - August\/September 2014\" width=\"661\" height=\"234\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Investment-Options-August-September-2014-1024x363.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Investment-Options-August-September-2014-300x106.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Investment-Options-August-September-2014.png 1511w\" sizes=\"(max-width: 661px) 100vw, 661px\" \/><figcaption id=\"caption-attachment-5798\" class=\"wp-caption-text\"><strong>Muthoot Finance NCD \u2013 Investment Options &#8211; August\/September 2014<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">The first 10 options are secured while the last option which doubles the money in 6 Years 6 Months is unsecured.<\/p>\n<h2 style=\"text-align: justify;\">Muthoot Finance\u00a0NCD &#8211; Who can Apply?<\/h2>\n<p style=\"text-align: justify;\">This issue is open to all Indian residents, HUFs and Institutions.<\/p>\n<ol style=\"text-align: justify;\">\n<li>Category I \u2013 Institutional Investors \u2013 5% of the issue is reserved<\/li>\n<li>Category II \u2013 Non-Institutional Investors, Corporates \u2013 5% of the issue is reserved<\/li>\n<li>Category III \u2013 Retail Individual Investors including HUFs \u2013 90% of the issue is reserved<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">However NRIs cannot apply for this NCD.<\/p>\n<h2 style=\"text-align: justify;\">Why you should invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li>The NCD is secured, which means the above debt is backed by assets of the company<\/li>\n<li>The interest rates are better than your regular FDs<\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\">Why you should not invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li>The fortune of Gold Loan companies are dependent on Gold Prices. Any negative correction to Gold prices can be bad for company<\/li>\n<li>There has been consistent drop in profits of the company and increase in NPAs. If this continues, there might be issues in serving regular interests.<\/li>\n<li>There are other competing NCDs with similar interest rates<\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\">How to Apply?<\/h2>\n<p style=\"text-align: justify;\">If you have Demat account apply through that. It\u2019s the easiest way to apply and also avoids a lot of hassle in terms of KYC and paper work<br \/>\nIn case you don&#8217;t have Demat Account, you can download the application form from company site or Financial Institutions and submit to collection centers.<\/p>\n<p style=\"text-align: justify;\">Also note that only option I to VI is also available in Physical Form while option VII to XI would only be available in Demat Form.<\/p>\n<h2 style=\"text-align: justify;\">Conclusion:<\/h2>\n<ol style=\"text-align: justify;\">\n<li>My recommendation is to invest some part of your Fixed Income investment in this NCD Issue<\/li>\n<li>The Option XI (Doubling Money) is riskier than other options as that is unsecure. You should keep away from that option.<\/li>\n<li>You should always have diversified portfolio be it fixed deposit, NCD or equity investment<\/li>\n<li>Its good idea to remain invested till maturity because liquidity on exchanges are low and hence you would get lower than market value<\/li>\n<\/ol>\n<h2>Advertisement:<\/h2>\n<figure id=\"attachment_5799\" aria-describedby=\"caption-attachment-5799\" style=\"width: 527px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5799\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-AugSep-2014.jpg\" alt=\"Muthoot Finance NCD \u2013 Aug\/Sep 2014\" width=\"527\" height=\"871\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-AugSep-2014.jpg 527w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-AugSep-2014-181x300.jpg 181w\" sizes=\"(max-width: 527px) 100vw, 527px\" \/><figcaption id=\"caption-attachment-5799\" class=\"wp-caption-text\"><strong>Muthoot Finance NCD \u2013 Aug\/Sep 2014 &#8211; Advertisement<\/strong><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Muthoot Finance, the dominant player in Gold Loan Business has come out with Rs 400 crore public issue of non-convertible debentures (NCD) offering up to 11.50% interest rate. Muthoot Finance NCD \u2013 Significant Points: Offer Period:\u00a0August 18 \u2013 September 18, 2014 Annual Interest Rates\u00a0for Retail Investors: 10.25% to 11.50% depending on tenure There is also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5797,"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":[31,30,194],"tags":[260,2328,2326,2327],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest.png",574,334,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest-300x174.png",300,174,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest.png",574,334,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest.png",574,334,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest.png",574,334,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest.png",574,334,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/Muthoot-Finance-NCD-\u2013-Aug-2014-\u2013-Should-you-Invest.png",120,70,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Muthoot Finance, the dominant player in Gold Loan Business has come out with Rs 400 crore public issue of non-convertible debentures (NCD) offering up to 11.50% interest rate. Muthoot Finance NCD \u2013 Significant Points: Offer Period:\u00a0August 18 \u2013 September 18, 2014 Annual Interest Rates\u00a0for Retail Investors: 10.25% to 11.50% depending on tenure There is also&hellip;","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/5796"}],"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=5796"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/5796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/5797"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=5796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=5796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=5796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}