MUTHOOT FINANCE NCD SERIES 6

The Net Proceeds raised through this Issue will be utilised for following activities in the ratio provided as below:. Therefore, in your example, each debenture will give an interest of Rs. No third party assistance would be there and if there is a fall in the value of the secured assets, there is no assurance of any kind that your investment would be returned back to you in full. It is also the largest gold loan company in India. Now I like to do only safe investment and gone for FD. And when i inquired, they told me that the i did not pay the 2nd and 3ed installment and they have send a email remainder. Hi Ashish, In case of debentures, the interest is calculated on the face value of the debentures.

The size of this NCD issue is Rs. Public financial institutions, statutory corporations, commercial banks, co-operative banks and RRBs which are authorised to invest in the NCDs; Provident funds, pension funds, superannuation funds and gratuity funds, which are authorised to invest in the NCDs; Venture Capital Funds registered with SEBI; Insurance Companies; State industrial development corporations; Insurance funds set up and managed by the army, navy, or air force of the Union of India; Insurance funds set up and managed by the Department of Posts, the Union of India; National Investment Fund; and Mutual Funds. I have a view that it is the most unattractive issue of this financial year. However, it is unlike FDs where the interest is calculated on the total principle. If we see a rate cut from RBI this time around, then there should be a rise in the prices of all the listed NCDs and bonds. At the same time, their prices can go down also below the issue price.

Capital adequacy ratio also looks robust at I dont understand how yeild percentage deries differ in 2 cases if NCD after listing goes up. M G George Muthoot, 2. Since Nuthoot Option IX: They provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

The total share of gold loan in the revenue pie of MFL was Public financial institutions, statutory corporations, commercial banks, co-operative banks and RRBs which are authorised to invest in the NCDs; Provident funds, pension funds, superannuation funds and gratuity funds, which are authorised to invest in the NCDs; Venture Capital Funds registered with SEBI; Insurance Companies; State industrial development corporations; Insurance funds set up and managed by the army, navy, or air force of the Union of India; Insurance funds set up and managed by the Department of Posts, the Union of India; National Investment Fund; and Mutual Funds.

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Now Serries like to do only safe investment and gone for FD. No third party assistance would be there and if there is a fall in the value of the secured assets, there is no assurance of any kind that your investment would be returned back to you in full. Hi, Just a basic question. The proceeds may be used for repaying existing liabilities or may also be financr for funding operational requirements of the business such as capex and working capital requirement. This issue has seen seties cut of 1.

I find seriss is a lot of manual work to calculate the yields — seems like we need one place where we can see the yields of various bonds on an automated basis. Disclaimer and Privacy Statement.

In addition to Gold Loans business, they provide money transfer services through their branches as sub-agents of various registered money transfer agencies, and have commenced providing collection agency services. Muthoot Finance Limited mufhoot be the next company to come out with its issue of non-convertible debentures NCDs this month from September 17th.

Only something extraordinary can bail this issue out with its current terms. Thanks for answering all the questions. Trading in the NCDs will however take place compulsorily in demat form.

Muthoot Finance – Secured NCDs 1F Ltd.

Both the businesses have not been contributing much to the revenues of the company. Hope this addresses your query. I find that all the four options are trading at a discount and the yields work out to be greater than the coupon rates. Message Board Stock Message Board. They also operate three windmills in the state of Tamil Nadu. Yield to maturity YTM is seriea relevant yield for an investor who plans to hold the bond till maturity.

Your insight into this would be appreciated. ProStocks, Flat Fee Broker.

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Muthoot Finance NCD Detail, NCD Price, Date, Allotment, Listing, Reviews, Status

However, it is unlike FDs where the interest is calculated on the total principle. These NCDs are debt instruments and therefore a liability for the finane company. Does anyone know of such a website? Leave a Reply Cancel reply Your email address will not be published. The main business of the company is to lend against the pledged gold jewellery and used household gold.

Muthoot Finance Ltd NCD (Muthoot Finance NCD)

The issue gets closed on October muthooot, However, it seems to have risen from to this week. Coupon rate For all categories of Investors i.

Many thanks to you for informing us that the Shriram NCDs have listed at a discount. Hi VikasG… Yes, you can say that.

Our expert team compared top share brokers in India to help traders. Also, during that period, there was a flood of tax-free bonds and tax saving infrastructure bonds, which was keeping all the investors busy and ignorant to the Muthoot NCDs. I have not advised any of my clients to invest in this issue. However, it seems to have risen from to this week http: As Vikas mentioned, these people might want to put their money into higher yielding NCDs. Top 10 Full-Service Brokers. Also, it is a private company.

Top 10 Discount Brokers. I do not understand the rationale behind this massive rate cut as the fundamentals of the company or the fortunes of the gold loan business have only deteriorated since then, as the Reserve Bank of India RBI has become stricter with the gold financing norms.

For more such fixed deposit options, you can check this post: Hi Ashish, In case of debentures, the interest is calculated on the face value of the debentures.

Seties Net Proceeds raised through this Issue will be utilised for following activities in the ratio provided as below:. They have been issuing these for a long time now, with a interest rate upto