You can sell this Bond anytimeThis Bond can be sold directly, anytime before maturity, at the current price. The amount will be credited in 2 days, in your demat linked bank account.
Exit load of 0.25% (on YTM) applies for sell orders
YTM
11.50%
Tenure left
29 months
Interest payout
Monthly
Principal payout
Bullet
Yield to Maturity (YTM)YTM defines the annual return a bond offers if held to maturity. It assumes all payouts received get reinvested at the same rate until maturity.
YTM is XIRR of bonds.
Principal is returned in bullet instalments
The Principal is returned in bullet instalments for this Bond, so you receive a portion of your invested amount back regularly.
As principal is returned, interest is earned on the outstanding principal.
Bond details
Minimum investment₹9,843.98
Date of maturity25 Mar 2029
ISININE05F407EC8
Bond typeSenior Secured
Rating
A-
What does rating mean?
Rating
The rating of an issuer company reflects its past growth and performance. The rating increases when the company consistently performs well and decreases when it is not performing well.
Categories
Low risk:
AAA, AA+, AA, AA-, A+, A, A-
Moderate risk
BBB+, BBB, BBB-, BB+, BB
High risk
BB-, B+, B, B-, C, D
The rating agency for this Bond is Acuite Ratings And Research Limited.
Calculate your returns
You invest₹00 unit
You get₹0
Interest +₹0
Payout Schedule
Maturing on 25 Mar '29 • Monthly payout
About
Muthoot Mercantile Limited is a corporate entity registered in Thrippunithura, Kerala, under the management of Managing Director Mr. Richi Mathew. The company operates as a financial services provider that raises debt capital through the issuance of Non-Convertible Debentures (NCDs). Its debt market activities and securities are primarily regulated by the Securities and Exchange Board of India (SEBI), with Acuité Ratings & Research acting as its designated credit rating agency.;
Pros and Cons
Pros
Cons
Acuité Ratings & Research reaffirmed an investment-grade long-term rating of 'ACUITE A-' for the company's proposed debt instruments.
The rating carries a 'Stable' outlook, indicating Acuité's expectation that the company's credit risk profile will remain steady over the medium term without near-term downward pressure.
The reaffirmed rating covers a substantial proposed debt issuance quantum of Rs. 100.00 Crore through Non-Convertible Debentures.
The proposed NCDs are intended to be listed on stock exchanges, providing enhanced transparency and regulatory oversight under SEBI.
The entity demonstrates regular compliance with rating agency monitoring requirements, including the mandatory submission of a 'No Default Statement' on the first working day of every month.
Other details
Clean price₹9,852.40
Dirty price₹9,843.98
Current yield11.50%
Security cover--
Issue size100000.00Cr
Original bond tenure30 months
TrusteeMitcon Trusteeship Services Limited
Mode of issueNCD
Listed onNSE
Listing date25 Sep 2026
Coupon rate10.25%
Other details
Clean priceThe bond's original price without earned interest on it.
Dirty priceThe total price you pay - bond price plus accrued interest.
Security coverThe value of assets pledged by the issuer as backup, shown as a multiple of the outstanding loan amount.
Issue sizeThe total amount of money the company is raising through this bond issue.
Original bond tenureThe total duration of the bond from issue date to maturity date.
TrusteeAn independent entity appointed to protect bondholders' interests and monitor the issuer.
Mode of issueHow the bond is offered to investors (e.g., public issue open to all investors).
Listed onStock exchanges where the bond can be bought and sold after issuance.
Listing dateThe date from which the bond became available for trading on the stock exchange.
Maturity dateThe date when the company repays the bond's principal amount.
Coupon rateThe fixed annual interest rate paid to investors on the bond's face value.
Current yieldThe annual interest you earn divided by the bond's current market price.
