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
9.10%
Tenure left
35 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₹996.87
Date of maturity24 Sep 2029
ISININE549K07JC1
Bond typeSenior Secured
Rating
AA
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 BRICKWORK RATINGS INDIA PRIVATE LIMITED.
Calculate your returns
You invest₹00 unit
You get₹0
Interest +₹0
Payout Schedule
Maturing on 24 Sep '29 • Monthly payout
About
Muthoot Fincorp Limited (MFL), set up in 1997, is a non-deposit-taking, systemically important non-banking financial company (NBFC) engaged primarily in lending against gold jewellery. Serving as the flagship company of the Muthoot Pappachan Group (MPG)—which also has interests in hospitality, real estate, and power generation—MFL offers gold loans, secured/unsecured MSME loans, and distributes financial products such as mutual funds, insurance, money transfer, and foreign exchange. Operating through a network of 3,787 branches, MFL forms part of a broader financial group that includes subsidiaries Muthoot Microfin Ltd (microfinance) and Muthoot Housing Finance Company Ltd (housing finance), alongside group company Muthoot Capital Services Ltd (two-wheeler finance).;
Pros and Cons
Pros
Cons
MFL and the broader Muthoot Pappachan Group maintain a strong, top-four market position in the Indian gold loan NBFC market, supported by a 7-decade promoter track record and a 5-year consolidated AUM CAGR of ~22% reaching Rs 86,965 crore as of June 2026.
The group offers a well-diversified product portfolio across gold loans (67%), microfinance (17%), vehicle finance (4%), and housing finance (4%), helping reduce single-product dependence over time.
The company maintains adequate capitalization with a consolidated net worth of approximately Rs 10,098 crore as of June 2026, a healthy CRAR of 18.1% (Tier-1 at 13.3%), and board approval for a planned Rs 3,000 crore IPO to further strengthen capital buffers.
Gold loan asset quality remains exceptionally healthy, backed by gold collateral, regular interest collections, and short-tenure products, keeping MFL's standalone GNPAs low at 0.77% as of June 2026.
MFL’s profitability profile has improved steadily, delivering a standalone return on managed assets (RoMA) of 3.1% in FY26 and 4.1% (annualized) in Q1 FY27, bolstered by rising scale and turnaround in microfinance performance.
Other details
Clean price₹999.99
Dirty price₹996.87
Current yield9.10%
Security cover--
Issue size7000.00Cr
Original bond tenure35 months
TrusteeVardhman Trusteeship Pvt Ltd
Mode of issueNCD
Listed onNSE
Listing date25 Sep 2026
Coupon rate8.75%
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.
