{"id":6286,"date":"2015-07-22T19:16:58","date_gmt":"2015-07-22T13:46:58","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=6286"},"modified":"2015-08-07T19:17:21","modified_gmt":"2015-08-07T13:47:21","slug":"muthoottu-mini-ncd-july-2015","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/muthoottu-mini-ncd-july-2015\/","title":{"rendered":"12.25% Muthoottu Mini Financiers NCD \u2013 July\/Aug 2015 \u2013 Should you Invest?"},"content":{"rendered":"<figure id=\"attachment_6287\" aria-describedby=\"caption-attachment-6287\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6287\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015-300x167.png\" alt=\"Muthoottu Mini Financiers Limited NCD \u2013 August 2015\" width=\"300\" height=\"167\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015-300x167.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015.png 572w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-6287\" class=\"wp-caption-text\"><strong>Muthoottu Mini Financiers Limited NCD \u2013 August 2015<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">Muthoottu Mini Financiers 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 href=\"http:\/\/www.apnaplan.com\/tag\/muthoot-finance\/\">Muthoot Finance<\/a>, <\/strong><em>(different spelling and logo)<\/em><strong> which is the biggest player in Gold Loan.<\/strong><\/p>\n<p style=\"text-align: justify;\">Muthoottu Mini has come out with public issue of non-convertible debentures (NCD) offering up to 12.25% interest rate.<\/p>\n<p style=\"text-align: justify;\">The issue opens today and closes on August 14, 2015.<\/p>\n<h2 style=\"text-align: justify;\">Muthoottu Mini Financiers NCD \u2013 Significant Points:<\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: justify;\"><strong>Offer Period:<\/strong>\u00a0July 16 \u2013 August 14, 2015<\/li>\n<li style=\"text-align: justify;\"><strong>Annual Interest Rates<\/strong>\u00a0for Retail Investors: 11% to 12.25% depending on tenure<\/li>\n<li style=\"text-align: justify;\">There is also an option where the money doubles in 72\u00a0Months (12.25% annual interest)<\/li>\n<li style=\"text-align: justify;\"><strong>Additional 0.25% interest<\/strong> for Senior Citizens, ex-servicemen and existing NCD holders<\/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>: \u2018BBB-\u2019 [Triple B Minus] by CARE<\/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;\">Muthoottu Mini Financiers NCD &#8211; Investment Options:<\/h2>\n<p style=\"text-align: justify;\">There are 7\u00a0options of investment in Muthoottu Mini NCD.<\/p>\n<figure id=\"attachment_6288\" aria-describedby=\"caption-attachment-6288\" style=\"width: 757px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-6288\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-Investment-Options-1024x701.png\" alt=\"Muthoottu Mini Financiers Limited NCD \u2013 Investment Options\" width=\"757\" height=\"518\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-Investment-Options-1024x701.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-Investment-Options-300x205.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-Investment-Options.png 1332w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-6288\" class=\"wp-caption-text\"><strong>Muthoottu Mini Financiers Limited NCD \u2013 Investment Options<\/strong><\/figcaption><\/figure>\n<h2 style=\"text-align: justify;\">Muthoottu Mini Financiers NCD &#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 10% of the issue is reserved<\/li>\n<li>Category II \u2013 Non-Institutional Investors, Corporates \u2013 30% of the issue is reserved<\/li>\n<li>Category III \u2013 Retail Individual Investors including HUFs \u2013 60% 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<li>Low NPA and consistently high profit over the years<\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\">Why you should not invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li>The credit rating is BBB- which might come down in case there is further fall in Gold Prices and increase in NPA<\/li>\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>RBI had issued show cause notice to the company for alleged violation of RBI directives. In case RBI takes action the business might suffer<\/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<h2 style=\"text-align: justify;\">Recommendation:<\/h2>\n<ol style=\"text-align: justify;\">\n<li>My recommendation is only <span style=\"color: #ff0000;\"><strong>HIGH risk takers<\/strong><\/span> should<strong>\u00a0invest some part of your Fixed Income investment in this NCD Issue<\/strong><\/li>\n<li>You should always <strong>have diversified portfolio<\/strong> be it fixed deposit, NCD or equity investment<\/li>\n<li>Its good idea to <strong>remain invested till maturity<\/strong> because liquidity on exchanges are low and hence you would get lower than market value<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Muthoottu Mini Financiers 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. This is different from Muthoot Finance, (different spelling and logo) which is the biggest player in Gold Loan. Muthoottu Mini has come out with public issue of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6287,"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":[2799,2802,2800,2801],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015.png",572,318,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015-300x167.png",300,167,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015.png",572,318,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015.png",572,318,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015.png",572,318,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015.png",572,318,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2015\/08\/Muthoottu-Mini-Financiers-Limited-NCD-\u2013-August-2015.png",120,67,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Muthoottu Mini Financiers 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. This is different from Muthoot Finance, (different spelling and logo) which is the biggest player in Gold Loan. Muthoottu Mini has come out with public issue of&hellip;","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/6286"}],"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=6286"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/6286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/6287"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=6286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=6286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=6286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}