Muthoot Finance Ltd NCD (Muthoot Finance NCD Aug 2011) Detail

if you are getting 14% yield on a investment for 2 years (at ending mkt prices). wheere's the hue & cry. Time to buy.

hi coolboy, My 14.09% calculation was based on price of 980, which was ruling in the morning (it increased thereon to 1000 though!!!). Formula was simple: =+(1132.25/980)^(365/400)-1, cg tax rate of 10% to get 12.68%

Mannapuram Finance.
Why do you think so? NCD are not equity stocks to give u listing gains? NCD are to be help till maturity for retail investors like us.

Allotment next week
Listing would be last week of the month

Not sure how you are getting 14.1%. It's been trading at around 994 with very low volume (only about 285 bonds) and if you add brokerage (on avg Rs 5-7), it's almost on par.

MFL 400 day giving you yield of 14.1% pre tax and 12.7% post tax (considering 10% CG tax). 400 day is riskless.

What is difference in Bond and NCD?

ya manappuram interest credit today morning in bank a/c

NO ALLOTMENT STATUS ON LINK

DEAR NAGRAJAM JI NO LISTING GAIN ON MUTHOOT SO WHY ARE U WORRY ABOUT ALLOTMENT, LISTING AND PREMIUM... SABHI NCD ME PUBLIC KA PAISA BLOCK HOTA JATA HAI

i think interest, you may get by cheque/dd

bonds alloted, but i hvnt got interest credited.

if yoy got bond then how much interest you got, interest have to credited prior credit of bond in demat a/c.

what happended to manappuram allotment

manappuram ncd allotment will be done today(8/9/11)evening,as per Registrar.

what about manappuram?

allotment may be after 16-09-2-11

This bond will list @ rs 1020.........confirm news

320Ashish furia
It is correct that in the market there are different bond which will give you return more than 13% In the list of STFC there is bond known as double bond which on maturity will give you Rs 1000+R1000 The maturity date is 01/12/2016. When same was mention by me some one had commented that it is unsecured bond .It is correct that this is unsecured bond, but one must know following facts :
The STFC came out a public issue in june 2010 the issue size was Rs 250 cror plus permission to retain the over subscription of Rs 250 cror .Total Rs 500 cror was the issue size divided into the 5 different option and further each option divided into three category. Out of 5 option three option were secured one and two option were unsecured one. For two unsecured option one Rs 200cror were reserved. The issue was oversubscribed on first day and this particular option was subscribed by mostly HNIS and companies. The STFC is one of the oldest NBFC and having more than 25 years of track record ,The promoters are known as TATAs of south and balance sheet of STFC is of the order of Rs 30000(thirty thousand cror). Now in this situation if some one thinks that STFC will default on Rs 200 cror NCDs because these are unsecured is unsound thinking. It is also important to know that the unsecured portion of NCDs was rated by CARE as AA and By CRISIL as AA/Stable. It also relevant that STFC is one of the strongest candidate for new banking license .One can also draw the comfort from the fact that STFC is part of MSCI.The only problem is long wafting period and poor liquidity because these bond are held by strong hands. During last one year the trading volume has hardly on few days had touched four figure mark on NSE and three figure mark on BSE If one is willing to wait for five years then at present current prize 1070-1080 It will give yield more than 13% .

Is allotment status out?

I understand that it closed yesterday already.

Happy Investing