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Muthoot Mini Launched Depository Services

Posted on: September 13,2012

Kochi: Muthoot mini service launched depository services in association with CDSL, and commodity trading in gold in association with National spot Exchange Ltd branded as MM e-gold, Having received the due licence for the commodity trading. Mothoot mini will offer initially MM e-gold products in the demat form on the platform of the country’s electronic spot market, the national spot exchange Ltd.

Muthoot mini is first non banking finance company (NBFC) inIndiato recive this coveted licence.MM e gold in demat form is available as a systematic investement plan to the retail invetor ; personal loans against demat gold stock can also be availed of. More variants will be introduced in the days to come.MM e-gold provides a convenient avenue for buying gold in small denominations over a long period of time while constant wealth-addition also takes place.