{"id":7053,"date":"2016-05-25T01:06:21","date_gmt":"2016-05-24T19:36:21","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=7053"},"modified":"2016-05-25T01:06:21","modified_gmt":"2016-05-24T19:36:21","slug":"mahindra-financial-services-ncd-may16","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/mahindra-financial-services-ncd-may16\/","title":{"rendered":"9% Mahindra Financial Services NCD &#8211; May&#8217;16 \u2013 Should you Invest?"},"content":{"rendered":"<figure id=\"attachment_7055\" aria-describedby=\"caption-attachment-7055\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-7055\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest-300x171.png\" alt=\"Mahindra Finance NCD \u2013 May 16 \u2013 Should you Invest?\" width=\"300\" height=\"171\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest-300x171.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest.png 584w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-7055\" class=\"wp-caption-text\"><strong>Mahindra Finance NCD \u2013 May 16 \u2013 Should you Invest?<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">Mahindra &amp; Mahindra Financial Services Ltd, a leading rural non-banking financial company has come out with public issue of non-convertible debentures (NCD) offering up to 9% interest rate. The issue would open on May 25 and would close on June 10, 2016.<\/p>\n<h2 style=\"text-align: justify;\">M&amp;M\u00a0Finance NCD \u2013 Significant Points:<\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: justify;\"><strong>Offer Period:<\/strong>\u00a0May 25 to June 10, 2016<\/li>\n<li style=\"text-align: justify;\"><strong>Annual Interest Rates<\/strong>\u00a0for Retail Investors: 8.44% to 9.00% depending on tenure<\/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>: \u2018IND AAA\u2019\u00a0India Ratings and Research and \u2018CARE AAA\u2019 by\u00a0CARE<\/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;\">M&amp;M\u00a0Finance\u00a0NCD &#8211; Investment Options:<\/h2>\n<p style=\"text-align: justify;\">There are 9 options of investment in Mahindra\u00a0Finance NCD. The interest rates below are only for Retail\/HNI investors (Category 3 &amp; 4) as referred below.<\/p>\n<figure id=\"attachment_7054\" aria-describedby=\"caption-attachment-7054\" style=\"width: 757px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-7054\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-Investment-Options-May-16-1024x470.png\" alt=\"Mahindra Finance NCD \u2013 Investment Options - May 16\" width=\"757\" height=\"347\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-Investment-Options-May-16-1024x470.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-Investment-Options-May-16-300x138.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-Investment-Options-May-16-768x353.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-Investment-Options-May-16.png 1332w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-7054\" class=\"wp-caption-text\"><strong>Mahindra Finance NCD \u2013 Investment Options &#8211; May 16<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">The Company would allot Series VI to all valid applications, wherein the Applicants have not indicated their choice\u00a0of the relevant series of NCDs.<\/p>\n<h2 style=\"text-align: justify;\">M&amp;M\u00a0Finance\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 QIB Portion \u2013 20% of the issue is reserved<\/li>\n<li>Category II \u2013 Corporate Portion \u2013 20% of the issue is reserved<\/li>\n<li>Category III \u2013 High Net Worth Individual Portion (More than Rs 5 Lakh investment) \u2013 30% of the issue is reserved<\/li>\n<li>Category IV \u2013 Retail Individual Investor Portion\u00a0\u2013 30%\u00a0of 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>AAA Credit rating means very less likely hood of credit default<\/li>\n<li>Part of well known conglomerate &#8211; Mahindra &amp; Mahindra<\/li>\n<li>The <a href=\"http:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\">interest rates are better than your regular FDs<\/a><\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\">Why you should not invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li>The NCD is unsecured.<\/li>\n<li>There are NCDs available in secondary market which have higher yields with similar rating. The problem is low liquidity and hence is difficult to buy in large numbers.<\/li>\n<li>The present <a href=\"http:\/\/www.apnaplan.com\/category\/fixed-income\/bonds\/tax-free-bond\/\">Tax Free Bonds<\/a> are offering yields up to 7.0% in secondary market, which is better investment for People in highest tax bracket.<\/li>\n<\/ol>\n<blockquote><p>Also Read:\u00a0<a href=\"http:\/\/www.apnaplan.com\/highest-interest-rate-on-recurring-deposits-rd\/\">Highest Interest Rate on Recurring Deposits<\/a><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\">How to Apply?<\/h2>\n<p style=\"text-align: justify;\">If you have Demat account apply through 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<blockquote>\n<p style=\"text-align: justify;\"><strong>Learn:\u00a0<\/strong><a href=\"http:\/\/www.apnaplan.com\/ipo-asba\/\">How to apply for IPO\/NCD issues using ASBA?<\/a><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">In case you don&#8217;t have Demat Account, you can download the <a href=\"http:\/\/www.fountainheadindia.in\/FormPrinting\/FrmPrinting.aspx?CompanyId=156&amp;IsVisible=0&amp;IsBond=1\" target=\"_blank\" rel=\"noopener\">application form from company site or Financial Institutions<\/a> 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 to<strong> invest 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<p style=\"text-align: justify;\"><em><strong>If you plan to invest in this issue, do it early as most NCD issues are over-subscribed before the end date.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mahindra &amp; Mahindra Financial Services Ltd, a leading rural non-banking financial company has come out with public issue of non-convertible debentures (NCD) offering up to 9% interest rate. The issue would open on May 25 and would close on June 10, 2016. M&amp;M\u00a0Finance NCD \u2013 Significant Points: Offer Period:\u00a0May 25 to June 10, 2016 Annual [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7055,"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":[203,3010,3011],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest.png",584,333,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest-300x171.png",300,171,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest.png",584,333,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest.png",584,333,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest.png",584,333,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest.png",584,333,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/05\/Mahindra-Finance-NCD-\u2013-May-16-\u2013-Should-you-Invest.png",120,68,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":3,"uagb_excerpt":"Mahindra &amp; Mahindra Financial Services Ltd, a leading rural non-banking financial company has come out with public issue of non-convertible debentures (NCD) offering up to 9% interest rate. The issue would open on May 25 and would close on June 10, 2016. M&amp;M\u00a0Finance NCD \u2013 Significant Points: Offer Period:\u00a0May 25 to June 10, 2016 Annual&hellip;","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/7053"}],"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=7053"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/7053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/7055"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=7053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=7053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=7053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}