KLM Axiva Finvest secured NCDs offer interest rates up to 12% and yield up to 12.4%.

KLM Axiva Finvest is coming up with secured NCDs that would open for subscription on 2nd June, 2020. These NCDs offer interest rates up to 12% and yield up to 12.4%. 

This Non Banking Finance Company is operating from Kerala with registered office in Hyderabad and has a presence across South India. In these NCDs, your investment would get doubled in 75 months compared to Banks where your money would get doubled in more than 120 months. 

KLM Axiva Finvest NCD 2020 Issue Details

Here are the issue details of these NCDs.

Start date: 2-June 2020

End date: 25-June-2020

It offers secure NCDs.

These NCD’s have monthly, yearly and cumulative interest payment options.

It offers both secured NCD’s for 400 days,  18 months, 2 years, 3 years, 5 years and 75 months.

Bond face value is Rs 1,000.

Minimum investment is for 5 bonds mean, you need to invest for a minimum of Rs 5,000. Beyond this you can invest in multiples of 1 bond.

These NCD bonds would be listed on BSE. Hence, these are liquid investments (provided the buyer is available on that date when you sell such NCD’s).

NCD’s can be invested through Demat account only.

Non-resident Indians (NRI’s) cannot invest in these NCD’s.
The issue size is Rs 100 Crores with an option to retain another Rs 25 Crores aggregating to Rs 125 Crores.

Vivro Financial Services is the Book Running lead Manager for this issue.

About KLM Axiva Finvest Limited They are a non-deposit taking systemically important non-banking finance company primarily serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels.  They operate primarily in four business verticals: (i) gold loan business, lending money against the pledge of household, jewelry, (ii) micro, small and medium enterprises loan, (iii) personal loan and (iv) micro finance loan to women customers. As on March 31, 2020, they operate through 174 branches across four states namely Kerala, Karnataka, Tamil Nadu and Telangana managed through the corporate office located in Kochi.

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