{"id":9816,"date":"2018-11-17T10:04:31","date_gmt":"2018-11-17T04:34:31","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=9816"},"modified":"2019-01-15T21:26:42","modified_gmt":"2019-01-15T15:56:42","slug":"jm-financial-credit-solutions-ncd-nov18","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/jm-financial-credit-solutions-ncd-nov18\/","title":{"rendered":"10.25% JM Financial Credit Solutions Limited NCD &#8211; Nov\/Dec&#8217;18 \u2013 Should you Invest?"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>JM Financial Credit Solutions Limited<\/strong>\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 10.25% interest rate. The issue opens on November 20 and closes on December 20, 2018.<\/p>\n<p style=\"text-align: justify;\">JM Financial Credit Solutions Limited, a venture between JM Financial Limited holding 50.01% and INH Mauritius holding 48.62% is a non-banking finance company with a focus\u00a0on residential project financing such as funding real estate developers at various stages in the life cycle of a real estate project.\u00a0The product portfolio consists of Project Finance, Loans against property, Loans against shares, Project at early stage loans and Loans against\u00a0land.<\/p>\n<h2 style=\"text-align: justify;\">JM Financial NCD \u2013 Significant Points:<\/h2>\n<ul style=\"text-align: justify;\">\n<li><strong>Offer Period:<\/strong>\u00a0November 20 to December 20, 2018<\/li>\n<li><strong>Annual Interest Rates for Retail Investors:<\/strong>\u00a09.67% to 10.25% depending on tenure<\/li>\n<li><strong>Price of each bond:<\/strong> Rs 1,000<\/li>\n<li><strong>Minimum Investment:<\/strong> 10 Bonds (Rs 10,000)<\/li>\n<li><strong>Max Investment Limit<\/strong> for Retail Investor: Rs 10 Lakhs<\/li>\n<li><strong>Credit Rating:<\/strong> \u201cAA\/Stable\u201d by ICRA and India Ratings<\/li>\n<li><strong>NCD Size:<\/strong> Rs 250 crore with an option to retain over-subscription up to Rs 1,000 crore<\/li>\n<li><strong>Allotment:<\/strong> First Come First Serve<\/li>\n<li><strong>Listing:<\/strong> Bonds would be listed on BSE and will entail capital gains tax on exit through secondary market<\/li>\n<\/ul>\n<blockquote><p><strong>Also Read<\/strong> \u2013 <a href=\"http:\/\/www.apnaplan.com\/know-ncd-investment-tips-tds-and-taxation\/\">Know NCD \u2013 Investment Tips, TDS and Taxation<\/a><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\">JM Financial NCD &#8211; Investment Options:<\/h2>\n<p style=\"text-align: justify;\">There are 6 options of investment in JM Financial NCD.<\/p>\n<figure id=\"attachment_9817\" aria-describedby=\"caption-attachment-9817\" style=\"width: 900px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-9817\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-NCD-Tranche-II-November-2018-Interest-Rates.png\" alt=\"JM Financial Credit Solutions - NCD Tranche II - November 2018 - Interest Rates\" width=\"900\" height=\"386\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-NCD-Tranche-II-November-2018-Interest-Rates.png 900w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-NCD-Tranche-II-November-2018-Interest-Rates-300x129.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-NCD-Tranche-II-November-2018-Interest-Rates-768x329.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><figcaption id=\"caption-attachment-9817\" class=\"wp-caption-text\"><strong>JM Financial Credit Solutions &#8211; NCD Tranche II &#8211; November 2018 &#8211; Interest Rates<\/strong><\/figcaption><\/figure>\n<blockquote><p><strong>Also Read:<\/strong>\u00a0<a href=\"http:\/\/www.apnaplan.com\/tax-free-incomes-investments\/\">25 Tax Free Incomes &amp; Investments in India<\/a><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\">JM Financial 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<ul>\n<li>Category I\u00a0\u2013 Qualified Institutional Bidders (QIBs) \u2013 10% of the issue<\/li>\n<li>Category II\u00a0\u2013 Non-Institutional Investors (NIIs) \u2013 10% of the issue<\/li>\n<li>Category III\u00a0\u2013 High Net Worth Individuals (HNIs) including HUFs \u2013 40% of the issue is reserved<\/li>\n<li>Category IV\u00a0\u2013 Resident Indian Individuals including HUFs \u2013 40% of the issue is reserved<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>NRIs cannot apply for this NCD.<\/strong><\/p>\n<h2 style=\"text-align: justify;\">Why you should invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li>AA Credit rating which has low risk of default<\/li>\n<li>The <a style=\"-webkit-text-stroke-width: 0.15px;\" href=\"http:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\">interest rates are 2% higher than your regular Bank FDs<\/a><\/li>\n<li>No TDS if invested in Demat Form<\/li>\n<li>Growing company with good promoter background<\/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;\">Why you should not invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li>The banks have started increasing interest rates on fixed deposits and hence it may not be good idea to invest for long term.<\/li>\n<li style=\"text-align: justify;\">You can also invest in\u00a0<a href=\"http:\/\/www.apnaplan.com\/company-fixed-deposit\/\">high rated company fixed deposits<\/a>\u00a0or <a href=\"https:\/\/www.apnaplan.com\/fd-interest-rates-small-bank\/\">Small Bank Fixed Deposits offering 9%\u00a0<\/a><\/li>\n<li>For people in highest tax bracket <a href=\"http:\/\/www.apnaplan.com\/category\/fixed-income\/bonds\/tax-free-bond\/\">Tax free bonds<\/a> are trading at yields of 7% to 7.2% &#8211; which would turn out to be better and more secure investment. The problem is its not easy to buy due to very limited liquidity.<\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\">How to App<\/h2>\n<p style=\"text-align: justify;\">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<blockquote><p><strong>Learn:\u00a0<\/strong><a href=\"http:\/\/www.apnaplan.com\/ipo-asba\/\">How to apply for NCD issues using ASBA?<\/a><\/p><\/blockquote>\n<p style=\"text-align: justify;\">In case you don&#8217;t want to do it online, you can<a href=\"https:\/\/jmfinancialcreditsolutions.in\/public-issue-ncds.html\" target=\"_blank\" rel=\"noopener\"> download the application form from company site<\/a> 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 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;\"><strong>If you plan to invest in this issue, do it early as most good NCD issues are over-subscribed before the end date.<\/strong><\/p>\n<figure id=\"attachment_9842\" aria-describedby=\"caption-attachment-9842\" style=\"width: 758px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-9842\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1.png\" alt=\"JM Financial Credit Solutions Limited - NCD \u2013 November 2018\" width=\"758\" height=\"680\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1.png 758w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1-300x269.png 300w\" sizes=\"(max-width: 758px) 100vw, 758px\" \/><figcaption id=\"caption-attachment-9842\" class=\"wp-caption-text\"><strong>JM Financial Credit Solutions Limited &#8211; NCD \u2013 November 2018<\/strong><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>JM Financial Credit Solutions Limited\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 10.25% interest rate. The issue opens on November 20 and closes on December 20, 2018. JM Financial Credit Solutions Limited, a venture between JM Financial Limited holding 50.01% and INH Mauritius holding 48.62% is a non-banking finance company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9842,"comment_status":"open","ping_status":"closed","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":[3707,3708,3709,3746],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1.png",758,680,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1-300x269.png",300,269,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1.png",758,680,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1.png",758,680,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1.png",758,680,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1.png",758,680,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/11\/JM-Financial-Credit-Solutions-Limited-NCD-\u2013-November-2018-1.png",120,108,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"JM Financial Credit Solutions Limited\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 10.25% interest rate. The issue opens on November 20 and closes on December 20, 2018. JM Financial Credit Solutions Limited, a venture between JM Financial Limited holding 50.01% and INH Mauritius holding 48.62% is a non-banking finance company&hellip;","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/9816"}],"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=9816"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/9816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/9842"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=9816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=9816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=9816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}