Issue Dates:
Issue Open: Dec 22 2011
Issue Close: Jan 07 2012
Ratings
The NCDs under this issue have been rated as AA -/Stable by CRISIL and ICRA. The rating indicates a high degree of safety with regard to timely servicing of financial obligations on the NCDs and such instruments carry a very low credit risk.
Should You Invest in Muthoot Finance NCD ?
The interest rate of 13-13.43% is being offered to individuals for duration of 2 years, 3 years, as well as 5 years, 5.5 years is an attractive opportunity when compared to bank deposits which offer interest rate ranging 9 - 10.25%. Unlike bank deposits there is no TDS for the interest rate payments. These are secured instruments and hence backed by assets of the company. The NCDs will be listed in the BSE and NSE hence there is a chance for capital appreciation in case the RBI starts reducing interest rates after some month.
How to apply to Muthoot Finance NCD?
You can download the forms below
Download Application Forms
Submit the filled up form to Collection canter near you
Download Application Forms
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