Double your money in five & half years through NCD’s

December 27, 2011   ·   2 Comments

The golden days of late 90’s when Kisan Vikas patra used to double the money in 5 & half years are back but this time the investment is Non convertible Bonds from Muthoot Finance & not KSV. Investors can actually double their investment in just 5 and 1/2 years with this NCD.

Muthoot Finance has come out with an issue of secured non-convertible debentures (NCDs) of Rs 3000 million size with a face value of Rs 1000.  This issue is open on from December 22, 2011 and will close on January 7, 2012. The minimum investment required is Rs 5000.

The issue offers 4 options:
1. 24 months:
13% annual interest payment

2. 36 months: 13.25% annual interest payment
3. 60 months: 13.25% annual interest payment
4. 66 months: 13.43% effective interest rate with cumulative interest

Muthoot Finance NCD issue has got AA-/Stable rating by CRISIL and AA-/Stable rating by CARE. The issue will be listed in BSE with the depositories being CDSL and NSDL. DMAT account is a must to buy this issue and hold it.

Refer this link to know how to invest in Gold and the returns offered by Gold:

The lead managers of this issue are ICICI Securities Limited, AK Capital Services Limited, HDFC Bank Limited, and Karvy Investor Services Limited.

This is the second issue after Muthoot finance came out with successful issue few months back. Muthoot Finance has made consistent profits, and this is a secured NCD issue which means that certain assets of the company will be attached to the NCD in case of default. However, this doesn’t mean guarantee of any kind, and if it comes to a default then investors might get less than the face value of the bonds. We would advise investors to keep a balanced portfolio with assets in different instruments even in fixed income asset class. We gives a thums up to this NCD’s & will recommend to the investors who are conservative & don’t want to invest in stock markets directly or through mutual funds.

You can get in touch with us in case you want to invest in Muthoot Finance NCD’s.

Refer this link to know more about Systematic Investment Plans and to check out the Performance of different SIP of best performing mutual funds:

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Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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  • Arindam Biswas

    Muthoot Finance 2nd time issuing NCD of doubling money. I want to invest here please let me clear in that

  • rajsingla

    @Arindam,

    Check out this link to know more:
    Muthoot finance comes back with their third NCD series after their successful response to second issue of NCD series. Will you invest in it?
    http://stockssavvy.com/new-products-policies/muthoot-ncd-doubling-money-years/

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