Muthoot comes again with NCD for doubling your money in five and half years

March 4, 2012   ·   0 Comments

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Muthoot finance comes back with their third  NCD series after their successful response to  second issue of NCD series. 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 issue of NCD series

http://stockssavvy.comMuthoot Finance has come out with an issue of secured non-convertible debentures (NCDs) of Rs 2500 million size with an option of extending it to other 2500 million with a face value of Rs 1000.  This issue is open on from March 2, 2012 and will close on March 17, 2012. The minimum investment required is Rs 1000 this time decreased from 5,000 last time.

 

Features of the NCD issue are as follows:

Name of the Issue: Muthoot Finance NCD – Series III
Issue Date : 02 March, 2012
Issue Size : Rs.250 Cr + Rs.250 Cr. Green Shoe Option
Period : 2, 3 and 5 years

Interest Rates

Annual Option:13%, 13.25% and 13.25% for 2, 3 and 5 years respectively
Cumulative Option: Double in 5 ½ Years
Minimum Investment: Rs.5000 and multiples of Rs. 1000 thereafter.
Closing Date : 17 March, 2012

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.

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 third 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.

 

How to invest in Muthoot Finance NCD’s

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

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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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