Is Kosamattam Finance NCD safe?
These NCDs have been rated as BWR BBB+/Stable by Brickwork Ratings which indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.
Is Kosamattam Finance safe?
This issue is rated as IND BBB+ Outlook “Stable”, by India Ratings I& Research Pvt. Ld., this rating indicates that instruments with such ratings are considered to have moderate degree of safety regarding timely servicing of financial obligations.
What is the rating of Kosamattam finance?
Brickwork Ratings (BWR) assigns/ reaffirms BWR BBB+/Stable rating for Kosamattam Finance Ltd.’s (hereafter referred to as “KFL” or the Company) enhanced bank loan facilities of Rs 1200 Crs and reaffirms BWR BBB+/Stable rating for NCDs of Rs 900 Crs as tabulated above.
Is Kosamattam listed?
Kosamattam Finance Limited is an unlisted public company incorporated on 25 March, 1987. It is classified as a public limited company and is located in Kottayam, Kerala.
What is the meaning of non convertible debentures?
Non-convertible bonds or debentures are a type of debenture that cannot be converted into equity shares or stocks, hence called non-convertible. The interest rate on non-convertible debentures can be paid either monthly, quarterly, or annually. NCDs also have a fixed maturity date.
Is it safe to invest in Muthoot Finance?
The Muthoot Finance issue is risky since the company’s financial performance is particularly vulnerable to volatility in interest rates as well as of gold prices. The collateral against which the company offers loans may suffer erosion in value by the time principal amount is recovered.
What is the interest rate for fixed deposit in Muthoot Finance?
You can open a fixed deposit (FD) account with Muthoot Capital if you are looking to maximise your savings. The minimum amount you can deposit is from Rs….Muthoot Capital Fixed Deposit Interest Rate.
| Tenure | Rate of interest |
|---|---|
| 1 year | 7.50% |
| 2 years | 7.50% |
| 3 years | 7.50% |
| 4 years | 7.75% |
Who is the owner of Kosamattam finance?
Mathew K Cherian
Mr. Mathew K Cherian, a vibrant conglomerate with diversified business interests in Finance, Infrastructure, healthcare and other leading sectors. Being the chairman & managing director of Kosamattam finance, Mr.
Is Kosamattam an NBFC?
(i) Kosamattam Finance Limited, incorporated in 1987, Kosamattam Finance Limited is one of India’s NBFCs engaged in Gold loan business.
Is NCD taxable?
Interest on NCD is taxed under head ‘other sources’ at applicable slab rates, paid periodically or cumulatively. Interest is not subject to tax deduction at source if NCDs are held in dematerialised form and are listed on a stock exchange. Profit on sale/ redemption of NCDs has to be offered to tax as ‘Capital Gains’.
How is NCD taxed?
Maturity proceeds from NCDs attract tax due to long term capital gains. The applicable tax is 20% with indexation.
How do I sell my Muthoot NCD?
Good way to diversify the investment portfolios.
- Muthoot Finance NCDs are available through Secondary Market. Muthoot securities facilitateto Buy /Sell NCD’s through secondary market.
- Contact to: 0484-4337583.
- Email: [email protected].