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9.25% Muthoot Finance NCD Issue January 2017:

Muthoot Finance – One of the largest gold loan company in India has come up with an issue of secured / Unsecured NCDs.Details of Muthoot finance NCD issue are as follows:

Imp dates:

1.Issue open date:January 17, 2017.

2.Issue close date:February 17, 2017.

Interest rates for individual and HUFs :

Monthly interest option:

8.75% p.a. for 24 months.

9.00% p.a. for 36 months.

9.00% p.a. for 60 months.

Annual Interest option:

9.00% p.a. for 24 months.

9.25% p.a. for 36 months.

9.25% for 60 months.

Cumulative interest option:

8.25% p.a. for 400 days.

8.50% p.a. for 18 months.

8.75% p.a.for 24 months.

9.00% p.a. for 36 months.

Unsecured NCD option :9.06% p.a. for 96 months which is only unsecured option.For unsecured option,no security cover will be offered.

Rating : CRISIL AA / ICRA: AA which indicates higher safety of the issue.

NCDs are proposed to be listed on BSE and NSE.

Net profits reported by Muthoot Finance:

1.Financial year ending 2013:1004 Crore.

2.Financial year ending 2014:780 Crore.

3.Financial year ending 2015:671 Crore.

4.Financial year ending 2016:810 crore.

Muthoot Finance will raise Rs.1300 crore from secured & Rs.100 crore from unsecured option,aggregating up to Rs.1400 crore.

 

Reliance Home Finance NCD December 2016:

Reliance Home Finance – part of Reliance Capital Limited which is one of the leading private financial services company in India.

Reliance Home Finance has come up with an NCD issue in December 2016 which will offer both secured and unsecured NCDs. Company intends to raise Rs.3000 crore from secured NCDs & 500 crores from unsecured NCDs.

Details of Reliance Home Finance NCDs are as follows:

Imp Dates:

1.Issue open date:December 22, 2016.

2.Issue close date:January 06, 2017.

Interest rates:

Reliance Home Finance NCD December 2016

Call option: Company can exercise Call option for unsecured NCDs after 10 years.Means company have an option to discontinue unsecured NCDs after 10 years & pay money back to investors s.t. regulatory approvals.

Other Details:

1.Credit rating for secured NCDs: CARE AA+ & Brickwork AA+.

2.Credit rating of Unsecured NCDs: CARE AA & BWR AA.

3.Only annual interest payout option across all series.

4. NCDs will be listed at both BSE and NSE.

5. 30% of issue size is reserved for HNIs and retail investors each.

6.Investor can opt NCDs in physical or demat mode.

Considering falling interest rate scenario, secured NCDs may be a good option for regular income in fixed income portfolio.Just investor should remember that they will not be able to redeem money before tenure except via secondary market.So choose tenure as per requirements in future.So considering good credit rating and better interest rates than fixed deposits, one can invest in this issue.

NFO : ICICI Prudential Value Fund Series-9

ICICI Prudential Mutual Fund has come up with New Fund Offer – ICICI Prudential Value Fund Series-9 with an objective to provide capital appreciation by investing in well diversified portfolio through fundamental analysis.

Details of NFO – ICICI Prudential Value Fund Series-9 are as follows:

1. NFO Open date:Oct 15, 2016.

2.NFO Close date:Oct 28,2016.

3.Type of Fund:Close ended.Means premature exit is not possible through this fund.

4.Fund Tenure:1099 Days.

5.Minimum investment: Rs.5000.

6.Benchmark:S&P BSE 500.

7.Options: Unlike to previous NFOs where only dividend option was available,both Growth and dividend options are available for this NFO.

Fund will be managed by managers who are managing other closed ended value funds as well other top schemes.As name suggests,fund will choose the stocks which are available at fair valuations.Chances are quite high that investment will be predominantly in Small Cap stocks which is considered as most volatile class.So suggestion is to check risk profile from your adviser before investing in this fund.

Disclaimer: Information provided on this blog is for informational purpose only.It should not be considered as an investment advice.

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Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
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