Public Issue 4
Public Issue 4
Public Issue 4
Public Issue 4
What is NCD?
NCD’s are type of debt instruments
that are used to raise medium to
long-term funds by companies
through private or public issue.
Type of NCD issued by MFL
MFL issues Listed Secured Redeemable Non-convertible Debentures
These are listed in the wholesale debt market of These are secured by current assets of the
BSE. company.
These can be either redeemed at the period of These cannot be converted into the shares of
maturity or by trading in the wholesale debt the company.
market of BSE.
Features of NCD
BSE They are listed on wholesale debt market of BSE which enables liquidity to holder.
% Interest Payouts on NCDs is at time periods of Monthly or at maturity depending on scheme opted .
Duration of NCD and rate of return are fixed at the time of issuing.
There is no pre-mature closing for NCDs. Only transfer/sale of NCDs can be done in case of any
financial emergencies for the investor.
No subscription cheques are needed as banks will mark a lien to the accounts immediately when
application is submitted to banks(ASBA facility)
In short we can say NCD is an instrument that offers high
returns with moderate risk while giving you the flexibility of
choosing between short and long tenures.
ASBA
Application Supported by Blocked Amount (ASBA) is an
application made by an investor, containing an authorization to
Self-Certified Syndicate Bank (SCSB) to block funds available in
applicant’s Savings Bank Account or Current Account (other
than Overdraft or loan accounts), for subscribing to an Issue.
Cumulative
+ Monthly
+
-
Participants in a NCD Public issue
Demat
• Holds it in electronic form (dematerialized form)
5. Branch seal, Signature, Name & Designation of BM/Staff required on all KYC documents
6. Branch should verify that Name written in the CKYC form is matching with name in PAN card and
address matching with proof address submitted by the customer.
7. Check the application with sample form before sending the scanned image to respective Zonal.
DEMAT
ACCOUNT
OPENING
FORM
DEMAT
ACCOUNT
OPENING
FORM
DEMAT
ACCOUNT
OPENING
FORM
DEMAT
ACCOUNT
OPENING
FORM
DEMAT
ACCOUNT
OPENING
FORM
CANCELLED
CHEQUE
Self Attestation &
Branch Attestation
on
KYC Document
Self Attestation &
Branch Attestation
on
KYC Document
ADDRESS
PROOF
IMPORTANT POINTS TO BE NOTED WHILE
SENDING APPLICATION FORM
1. Scan all the documents (DP Application form, PAN Card copy, KYC documents and original cancelled
cheque)
3. After getting mail confirmation from “[email protected]” send all original documents along with
application to below mentioned address
Wealth Management,
MUTHOOT FINCORP LTD,
MUTHOOT CENTRE, PUNNEN ROAD, TRIVANDRUM, KERALA - 695034
download
application form
Make sure you have created customer profile before starting to enter the application details in software
Fill the application form neatly without any correction
If in case of any correction, please use a new application form. Do not use whitener or any
other correction methods.
How to fill in Make sure that name mentioned in the application form match with the PAN provided.
application form
Write Date of birth correctly as mentioned in the PAN card
Make sure to tick the correct investment category(Refer 2nd page of application form to
know the category) Client ID columns for DMAT need not be ticked / filled up.
Refer to the copy of the DP statement for the correct Demat account number for filling up.
Mention the investment details correctly(Tick( ) any one series in the space provided,
number of NCDs applied to be written in the space provided below the selected series ,
Amount payable to be written in the space provided below the selected series )
DEMAT account number should be written correctly as mentioned in DEMAT statement/
How to fill in self declaration form given by customer. Tick( ) NSDL if DP ID starts with IN, or else
DP ID length is 16 digits
For NSDL 8 digit DP ID ( begins with IN ) + 8 digit Client ID/Benf ID
For CDSL - 16 digit Client ID+ Benf ID
KYC need to be collected from Investor
Particulars Demat
Click here
If the customer profile was created by your branch then follow steps for editing customer profile
as briefed earlier.
“Or else”
If the Customer profile was created by a different branch then it cannot be edited by your
branch and so please follow the below steps:
Step 1: Download application form and fill the form with new DEMAT account
number.
Step 2: Click ‘Application’ and enter the details with the existing DEMAT account.
Step 3: Once you save the application, call your HUB branch and ask to reject the respective
application . Ask your HUB branch to mention reason as ‘Customer needs to apply with
new DEMAT’.
Step 4: After HUB branch rejects the application, check the ‘Rejected list’ and click on the
application number to edit.
1. Check the ‘Rejected list’ to view the applications rejected by your HUB
branch.
2. Click on the application number, edit the details ,upload the supporting
documents and resubmit for HUB branch approval.
1. Application form
2. Pan copy
2. Pan copy
All the 3 Set of Documents should be Kept together with “Binder Clip”
All such set of application’s along with 2 covering letter taken from Reports to be Send to Respective
HUB BRANCHES. One covering letter acknowledged by HUB Branch to be received back and filed.
Guidelines for
HUB Branch
What is a HUB Branch?
Branch If the details entered in the software are correct and matching with the
above uploaded documents, Hub branch has to ‘Approve’ the
- Checker application in the software.
Receiving Cross check whether all the applications are received as per the
approved list downloaded from the report section in the
Application software.
Check if hard copies of all required documents (, PAN, Active
From Spoke DEMAT account statement/ or DEMAT account self declaration
If all the above are available then one copy of Covering letter provided
by spoke branch to be acknowledged and provided back, the other
copy to be retained and filed at Hub Branch.
Bid File Verification - Critical
The HUB Branches will hand over applications to the designated H.O. Centres
Brokers will upload with in the BSE website and give acknowledgment together with bid number to the
HUB Branch.
Broker and our HUB Branch should ensure the ASBA Bank has marked lien on the same day in
applicants account for the subscription amount. Collecting branches may get the confirmation from the
applicant/Investor whether the lien is created for the proposed investment amount on their S.B.A/C’s
After bidding, the original applications will be submitted to respective Syndicate ASBA Banks with a list. Get
Acknowledgement in the list. After marking Lien by the Banks the tear off portion will be returned to
Brokers/H.O. Centres.
Points to Remember
NCDs can be availed only in Demat Form so please confirm with customers that they have a Demat
account.
In case the customer does not have demat account, inform them that we can facilitate opening a demat
account.
Ensure the applicant’s bank is a syndicate ASBA Bank, fill-in-the form including ASBA part, signed by
account holder.
Verify applicant’s details are the same as per Demat account.
Do Inform the customers that Amount in their account will be blocked to the extent of application
money, till finalisation of allotment in the issue or till withdrawal/ failure of issue/ rejection of
application, as the case may be
Please note that the amount marked as lien will not qualify for interest from our end till the allocation
of NCD
Points to remember continued
Take print out of the downloaded application form and never take photo copies as each application is
unique. Ensure that application downloaded has unique application number in 3 places and is not a
repetition of the earlier downloaded application .
Broker and our HUB Branch should ensure the ASBA Bank has marked lien on the same day in
applicants account for the subscription amount. Collecting branches may get the confirmation from the
applicant/Investor whether the lien is created for the proposed investment amount on their S.B.A/C’s.
For a Single Bank account maximum of 5 applications, (own name or relative names) can be made and if
a 6th application is made, it can lead to cancellation of all the applications.
Inform the customers that No tax will be deducted from our end.
Cases of new demat accounts for NCD
In case Demat account number is not available at the time of application and
the investor has applied for a demat account for this purpose, the NCD
application may be kept pending till the receipt of the Demat account number.
done only after getting the Demat account number and writing down the