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
13.70%
Price/unit₹9,883.73
Tenure14 months
Interest payoutMonthly
Principal payoutStructured
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 structured instalments
The Principal is returned in structured 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 24 Oct '27 • Monthly payout
Security of your investment
₹25.00L
₹27.50L
Amount raised by BondSecurity cover
Security cover type
Senior securedSafest
Backed by company assets. If the issuer defaults, you are repaid from these assets before other lenders.
Secured
Backed by company assets, but lenders with a higher claim on the same assets (senior secured) may be repaid before you.
Unsecured
No assets pledged. You still have a legal claim on the issuer, but you are repaid after secured lenders.
Note
In worse case of issuer defaults, collateral assets are sold to repay lenders in order of their claim. This can take time, and assets may sell for less than their stated value, so you may recover only part of your money. Asset cover is not a guarantee of repayment.
About
Keertana Finserv Limited is a non-deposit-taking Non-Banking Financial Company (NBFC) that was originally incorporated in 1996 and acquired by its current promoter in March 2022. The company's business model was established through the acquisition of gold loan and MSME portfolios from Spandana-related entities. KFL provides a variety of financial products, including gold loans, joint liability group (JLG) loans, Loans Against Property (LAP), home loans, and unsecured loans. As of December 2025, the company operates through a network of 464 branches spread across six states.;
Pros and Cons
Pros
Cons
The company has demonstrated healthy growth, with Assets Under Management (AUM) increasing from INR 6.2 billion in FY23 to INR 33.92 billion in 9MFY26.
KFL is successfully transitioning its portfolio mix; the secured portion of the loan book rose to 96% in 9MFY26, up significantly from 49% at the end of FY24.
The promoter has an established track record of timely capital infusions, totaling INR 6.4 billion since inception, which supports continued growth momentum.
The promoter has over two decades of experience in the NBFC-MFI space and previously founded Spandana Sphoorty Financial Limited, providing deep insight into borrower behavior and lender relationships.
The company has a well-diversified funding mix with relationships across six banks, five small finance banks, and 35 NBFCs as of December 2025.
Other details
Clean price₹9,861.87
Dirty price₹9,883.73
Current yield11.55%
Security cover1.10X of POS
Issue size25.00L
Original bond tenure24 months
TrusteeMitcon Trusteeship Services Limited
Mode of issueNCD
Listed onNSE
Listing date24 Oct 2025
Coupon rate11.40%
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.
