Muthoottu Mini Financiers NCD Bonds Nov-2020 issue – Review
Muthoottu Mini Financiers is coming up NCDs that would open for subscription on November 4, 2020. It is issuing secured NCD’s now. The interest rates are as high as 10.5%. It is offering NCDs of 480 days, 24 months, 36 months, 50 months, 60 months and 85 months tenure. Currently banks are offering low interest rates of 4% to 6% and investors might be looking for high interest rate fixed income options. Should you invest in Muthoottu Mini Financiers NCDs offer in November 2020? What are the risk factors one should consider before investing in such high risk NCDs.
Also Read: Rakesh Jhunjhunwala Portfolio of Penny and low priced stocks – Should you invest?
About Muthoottu Mini Financiers Limited
They are a non-deposit taking systemically important NBFC in the gold loan sector lending money against the…
