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Wednesday, October 27, 2021

8% annual return on 5-year investment, investment opportunity from October 27; Muthoot Finance NCD details

Muthoot Finance NCD: If you are looking for a better option of fixed in less investment, then you have a good opportunity to invest this week. Finance company Muthoot Finance Limited is bringing its non-convertible debentures (NCDs). It is opening for NCD investment on Thursday, 27 October. Investors can invest in it till 20 November. NCDs have 6 investment options ranging from 38 months to 60 months i.e. 5 years. In which up to 8 percent interest will be received annually. The company plans to raise Rs 2000 crore through NCDs. Let’s see the complete details of NCD… ..

More benefit from bank FD

Muthoot Finance has 6 options for investing in NCDs. It can be invested for 38 months to 60 months, that is, 5 years. 7.15 per cent to 8 per cent annual interest is available in different options. There is an option to take monthly, annual and cumulative interest on these plans. Generally, most banks are paying 5.75% to 6.25% on 5-year FD. In this case, in this NCD, the bank FD is getting about 2 percent more interest.

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Credit rating

CRISIL: AA/Positive
ICRA: AA / Stable

It is clear from the rating that this is a safer option than many other investment options.

How much can you invest

The face value of a NCD bond is Rs 1000 and it is necessary to invest in at least 10 bonds. That is, you have to invest a minimum of 10 thousand rupees. After this, you can invest in multiple of 1000 rupees. The listing of this NCD will be done on the BSE in the stock market. This allotment will be done on first come and first serve basis.

Plan to raise 2000 crores

Muthoot Finance plans to raise Rs 2000 crore through the NCD. The base size of the issue is 100 crores, which will be an option of 1900 crores and over subscription.

What is NCD?

If you want regular income, then non-convertible debenture (NCD) is a better option, it is brought into consideration by regular income. NCDs are a type of bond issued by a company. Interest rates are fixed on these, which are higher than convertible debentures. They can be secured or unsecured. Secured means the need for guarantee, while unsecured does not require a guarantee.

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Source: www.financialexpress.com

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Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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