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
A-Rating
The rating agency for this Bond is IND-RA.
What is rating?
Rating reflects its creditworthiness and past performance. It may change based on the company’s financial health and ability to repay.
Categories
Lowest risk
AAA
Low risk
AA+, AA, AA-
Moderate risk
A+, A, A-
High risk
BBB+, BBB, BBB-
Highest risk
BB+, BB, BB-, B, B-, C, D
YTM
10.70%
Price/unit₹9,930.68
Tenure16 months
Interest payoutMonthly
Principal payoutBullet
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.
Calculate your returns
You invest₹00 qty
You get₹0
Interest +₹0
+ ₹25K
+ ₹50K
+ ₹1L
+ ₹2L
Payout Schedule
Maturing on 30 Mar '28 • Monthly payout
Upcoming payouts
No upcoming payouts
About
Indel Money Limited (IML) is a Kerala-based Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. The company commenced its retail operations in 2013 and primarily provides loans against high-yielding gold jewelry to customers in Tier-II and Tier-III cities. Its customer base includes self-employed professionals, salaried individuals, and micro, small, and medium enterprise owners. IML operates a network of 366 branches, predominantly concentrated in underserved regions across Tamil Nadu, Karnataka, Odisha, and Kerala. As of December 2025 (9MFY26), the company managed a total Assets Under Management (AUM) of INR 34,770 million, with gold loans constituting approximately 95% of the portfolio.;
Pros and Cons
Pros
Cons
The promoters have an established track record of consistent capital infusions, strengthening the tangible net worth to INR 4,990 million in 9MFY26 and providing a strong foundation for scaling up operations.
The company maintains strong runaway growth, with its AUM expanding at a compound annual growth rate (CAGR) of 40.35% over FY23-9MFY26 to reach INR 34,770 million.
Asset quality remains stable, marked by Gross NPAs of 1.5% and Net NPAs of 1.31% at 9MFYE26, supported by strict regulatory loan-to-value (LTV) capping at 75% and daily monitoring of gold price volatility.
Profitability metrics continue to be healthy, with profit after tax rising to INR 759 million and credit costs remaining minimal at 0.003% during 9MFY26, which translates to a return on AUM of 3.49%.
The liquidity profile is adequate, featuring a positive cumulative mismatch of 53% in the up-to-one-year bucket and maintaining INR 4,840 million in cash and bank balances against upcoming three-month obligations of INR 3,770 million.
