Is Muthoot Finance NCD secured?

Muthoot Finance on Tuesday announced its 27th series of public issue of secured redeemable Non-Convertible Debentures (NCDs) of face value Rs. 1,000 each. The issue is of base issue size of Rs 75 crores with an option to retain oversubscription up to Rs 225 crores aggregating up to tranche limit of Rs 300 crores.

Is Muthoot Finance different from Muthoot FinCorp?

Muthoot FinCorp and Muthoot Finance are two separate companies without any common promoters. Muthoot FinCorp is headed by Thomas John Muthoot, while Muthoot Finance is headed by M G George Muthoot. While the two parameters are family, cousins, they have no mutual business relations.

What are the benefits of Muthoot Finance?

With Muthoot FinCorp, you are given the choice to repay it in 36 months (long tenure) or if you wish, you can even repay it in just one day after taking the loan. All this without any pre-closure charges. This is clearly a massive advantage for anyone who wants flexibility in borrowing money or repaying it.

Is Muthoot Finance a company?

Muthoot Finance Ltd was incorporated on March 14 1997 as a private company with the name The Muthoot Finance Pvt Ltd. The company is promoted by M G George Muthoot George Thomas Muthoot George Jacob Muthoot and George Alexander Muthoot.

Is Muthoot Mini NCD secured?

Muthoottu Mini Financiers Limited, which is involved in the gold loan business, has announced the issue of secured, redeemable, non-convertible debentures of the face value of ₹1,000 each at par, aggregating up to ₹250 crores.

Are NCD safe?

NCDs from one single sector (NBFCS that focuses on personal loans) are not safe to invest in. This can lead to higher risk exposure. NCDs from the secondary markets have always delivered higher returns in the past.

What is NCD in Muthoot Finance?

NCDs or non convertible debentures are nothing but bonds using which the corporates issue to raise fund. These are called non-convertible as for them there is no scope for conversion into equity or stocks.

Is it good to join Muthoot Finance?

How is Muthoot Finance to work for? Muthoot Finance is rated 3.6 out of 5, based on 1.9k reviews by employees on AmbitionBox. Muthoot Finance is known for Job Security which is rated at the top and given a rating of 3.6. However, Career growth is rated the lowest at 3.1 and can be improved.

Is Muthoot Finance under RBI?

KOCHI: Leading gold loan NBFC Muthoot Finance has received the Reserve Bank of India (RBI) sanction to set up a network of ATMs in the country. Muthoot Finance is one of the 10 non-bank players to receive RBI license to create ATM networks.

What is NCD investment?

Non-convertible debentures (NCD) are those which cannot be converted into shares or equities. NCD interest rates depend on the company issuing the NCD. NCD investment can be held by individuals, banking companies, primary dealers other corporate bodies registered or incorporated in India and unincorporated bodies.

What is the problem of Muthoot Finance?

Muthoot Finance Ltd has announced public issue of Secured Redeemable Non-Convertible Debentures of face value of ₹1,000 each. The issue is with a base issue size of ₹75 crore with an option to retain over subscription up to ₹ 225 crore aggregating up to tranche limit of ₹300 crore.

What is NCD coupon rate?

Definition: Coupon rate is the rate of interest paid by bond issuers on the bond’s face value. It is the periodic rate of interest paid by bond issuers to its purchasers. The coupon rate is calculated on the bond’s face value (or par value), not on the issue price or market value.

What is Muthoot Finance interest rate?

Muthoot Finance personal loan interest rate starts at 14.00% p.a. However, specific interest rate applicable to an applicant often varies with the individual applicant’s profile, loan amount, tenure desired, etc.

What is the salary of Muthoot Fincorp?

The average Muthoot Fincorp salary ranges from approximately ₹0.7 Lakhs per year for a R O to ₹ 15 Lakhs per year for a Senior Manager-HR. Salary estimates are based on 6.6k Muthoot Fincorp salaries received from various employees of Muthoot Fincorp.

Is there any bond in Muthoot Finance?

Muthoot Finance Limited 9.75% – Bond – ICICI Direct.

Why is Muthoot Finance falling?

India’s largest gold financing company Muthoot Finance Ltd has reported a 4% fall in Jan-March profit at ₹960 crore as compared to ₹996 crore profit reported during the corresponding period last year, primarily due to economic challenges posed by geopolitical crisis and Covid-19 pandemic.