Why I applied for Muthoot Finance's NCD yielding 8.6% per year

Please note: The original version of this piece was published on hvinvesting.com on April 18, 2023. The blogs have since migrated to Substack.

Muthoot Finance, which is a gold-lending institution, is launching an IPO of its non-convertible debenture (NCD) which is yielding as high as 8.6% per year.

An NCD, for those who may not know, is a "fixed income in…