Personal Finance Blog India –

Muthoot Finance NCD Issue April 2017:

Muthoot Finance of the largest Gold loan company has come up with an issue of Secured and Un-secured NCDs in April 2017.Details of Muthoot Finance April 2017 NCD issue are as follows.

Imp dates:

  • Issue open date:April 11, 2017.
  • Issue close date:May 10, 2017.

Credit Ratings: CRISIL AA / ICRA AA.Both indicates stable issue.

Coupon Rates:

NCD issue offers coupon rates ranging from 8 t0 9% depending on tenure & interest payment frequency.

Monthly Interest payment:

Interest payable monthly from date of allotment.

Muthoot Finance NCD April 2017 Monthly Interest






Annual Interest Payment:

Interest payment annually from date of allotment.

Muthoot Finance NCD April 2017 Annual Interest

Cumulative Option:

Compounded annual Interest and principle will paid at maturity.

Muthoot Finance NCD April 2017 Cumulative

Other details:

  1. Minimum investment amount Rs.10,000 onwards.
  2. NRIs are not eligible to apply.
  3. Allotment first cum first served basis, per day basis.
  4. Demat mode compulsory:Demat account is compulsory if you wish to invest in this issue.
  5. Security: Company will provide 100% security cover for secured NCDs and interest thereon.While unsecured NCDs will be subordinated debt & no security cover will be provided.

Company intends to raise Rs.1950 crore against secured NCDs and Rs.50 Crore against unsecured NCD issue.


ICICI Prudential Value Fund NFO March-April 2017:

New Fund Offer – ICICI Prudential Mutual Fund has come up with a new closed end fund offer with value oriented investment  theme: ICICI Prudential Value Fund Series 12.

Details of ICICI Prudential MF Value Fund Series 12:

  1. NFO Open Date:March 27, 2017.
  2. NFO Close Date:April 10, 2017.
  3. Fund tenure:1360 Days.
  4. Options available:Dividend option only.Time to time scheme will distribute income generated to unit holders.There is no growth option available for investors.But investor can use DTP -Dividend Transfer Plan to switch dividend in any other open ended scheme of ICICI Prudential mutual fund.

As per AMC website,Fund may invest in 25-30 stocks which may benefit due to governments focus on infrastructure development across the country,initiatives such as smart cities,digitization and e-commerce which will receive substantial support in form of budgetary allocation and policy reforms.

Overall,Government set to make the infrastructure sector a key driver for Indian economy and this fund aims to invest in these stocks  or sectors which are suitably positioned to benefit from the current economic scenario.

This fund will managed by S Naren who is CIO-Chief Investment Officer & George Joseph – a senior fund manager who is managing ICICI Pru Long Term Equity (Tax Saving),ICICI Pru Child care,ICICI Pru Multicap fund along with other closed ended schemes.

HDFC Charity Fund For Cancer Cure March 2017:

If you are looking to participate in charity,here is an opportunity for you. HDFC MF Charity Fund for Cancer cure. Investor can donate dividends towards charity,providing treatment towards needy & underprivileged cancer patients.

HDFC Charity fund for cancer cure fund:

1.It is an 1136 days closed ended scheme (Arbitrage or Debt option) from HDFC Mutual fund which aims to provide cash flow in form of dividends towards charity.

2.Investor have two donation options:Donate either 50% or 100% of the dividends declared in this plan.

3.Two investment options for investors: Investor can choose from either Arbitrage or Debt option.Under arbitrage option, fund manager will utilize price differentials between cash & future market to generate income.In debt option,manager will invest in fixed income securities maturing within schemes period to generate income.

4.Dividends in mutual funds are tax free in hands of investors.

5.Tax deduction u/s 80G : Donation of dividends made towards charity are eligible for tax deduction under section 80G of I.T.act.


How HDFC AMC will participate in social objective:

  1. AMC will not levy any investment and management fees to manage charity fund for cancer cure.
  2. HDFC AMC will match for donations towards dividends and will contribute for equal amount of corpus  subject to maximum cap of Rs.15 Crore.

This is third offering by HDFC MF of this kind.This new fund offer will open for subscription for period between March 10, 2017 to March 24, 2017.

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