Recently came across an article in OutlookMoney on Muthoot Finance-Bonds.
http : // money . outlookindia . com/article. aspx?265215 (remove spaces)
The company accepts Gold Bonds(secured debentures) at very attractive rates as high as 12% with the option to receive interest in monthly,quarterly,half yearly intervals. These bonds are backed by charge on the assets of the Company and has the option to withdraw before maturity as well as to avail loans up to 90% value of the deposit.
Looked interesting to me. I wanted to ask people here if have invested in them and share their opinion regarding its safety.
Regards.
http : // money . outlookindia . com/article. aspx?265215 (remove spaces)
The company accepts Gold Bonds(secured debentures) at very attractive rates as high as 12% with the option to receive interest in monthly,quarterly,half yearly intervals. These bonds are backed by charge on the assets of the Company and has the option to withdraw before maturity as well as to avail loans up to 90% value of the deposit.
Looked interesting to me. I wanted to ask people here if have invested in them and share their opinion regarding its safety.
Regards.
