Muthoot NCD and earn return upto 9.00% p.a.

Muthoot Finance Ltd is coming out with a public issue of secured NCDs for an amount up to Rs1,950 crore and unsecured NCDs for an amount up to Rs50 crore of face value of Rs1,000 each

Salient features of the NCD issue: 

• The issue offers annual yields ranging from 8.0% to 9.06%, depending on the category of investor and the series applied for
• Rattings "AA (Stable)" by ICRA and "AA/Stable" by CRISIL
• Minimum application is Rs10,000 (10 NCDs) and in multiple of Rs1,000 (1 NCD) thereafter across all series
• 400 days going up to a maximum of five years
• Interest on the refund amount is 5.00% per annum
• The NCDs will be listed on the Bombay Stock Exchange
• No TDS on interest for NCDs held in demat form; NCDs in physical form will be subject to tax at the applicable rates of income tax

** unsecured redeemable NCD