SHRIRAM CITI UNION FINANCE LIMITED: NCD Offer
If you
willing earn more than bank fix deposit then this NCD for you. Obviously you
would have to take more risk for that. Shriram Citi Union Finance Ltd is an
NBFC and part of the reputed Shriram group of companies. It offers loan to the
small enterprise, provides loan against
gold, financing for two wheeler and other commercial goods segment. It is the
market leader of small loan segment in financial year 2013 with the estimated
market share of 41.6%.
The
company has come with public offer secured NCD of face value of Rs 1,000 each.
The total size of issue is Rs 20,000 lakh. The 40% of issue is reserve for
retail investor category. The retail category investment limit is up to Rs 5
lakh. The minimum application size is Rs 10,000 (10 NCD). The NCD would be
listed on BSE. It would be available in both mode physical and demat form.
If you have invested Rs 10,000 in this NCD, you will get the below mentioned amount at the
end of the term.
24 Month
|
36 Month
|
60 Month
|
Rs 12,321
|
Rs 13,862
|
Rs
17,427.60
|
It means
the effective yield per annum would be 11% for 24 months, 11.50% for 36 months
and 11.75% for 60 months.
Taxation:
A listed
debenture is treated as a long term capital asset if you hold it more than 1 year
from the date of allotment. The long term capital gain would be 10% if
calculate without indexation and would be 20% if use indexation method.
Rating
agency CARE has given it AA rating. Investor may choose this to allocate some
part of their investment portfolio.
If you want more information
regarding investment or you have any other query about investment feel free to
ask us.
Warm regards,
Arvind Trivedi
Certified
Financial Planner
www.arvindtrivedicfp.blogspot.in
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