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
12.50%
Price/unit₹99,882.20
Tenure11 months
Interest payoutMonthly
Principal payoutMaturity
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 maturity instalments
The Principal is returned in maturity 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 Jun '27 • Monthly payout
Security of your investment
₹1.00Cr
₹1.10Cr
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
Midland Microfin Limited (MIDLAND) was originally incorporated in May 1988 as Sajan Hire Purchase Private Limited, initially engaging in the hire purchase business. In January 2011, the company rebranded to its current name, discontinued its hire purchase operations, and pivoted to microfinance lending. It has been registered with the Reserve Bank of India (RBI) as an NBFC-MFI since January 2015. Promoted and headed by Managing Director Mr. Amardeep Singh Samra, who possesses over two decades of financial sector experience, the company serves a client base of 8.6 lakh borrowers with average loan ticket sizes ranging from ₹11,000 to ₹80,000. As of September 30, 2025, MIDLAND operates a network of 570 branches across 15 states and two Union Territories.;
Pros and Cons
Pros
Cons
The company maintains adequate capitalisation metrics, supported by regular equity infusions from shareholders that kept its Capital Adequacy Ratio (CAR) at a comfortable 33.37% as of September 2025.
It benefits from a well-established operational track record in the microfinance industry dating back to 2011, guided by an experienced promoter and a diverse six-member board of directors.
The funding and resource profile is highly diversified across more than 48 lenders, successfully utilizing banks, NBFCs, external commercial borrowings, and capital market instruments.
It enjoys an adequate liquidity position driven by well-matched asset and liability management (ALM), balancing its shorter-tenure microfinance loans against longer-tenure borrowings.
The company holds a healthy liquidity buffer, maintaining cash and bank balances of ₹535 crore (excluding margin money deposits) to comfortably cover its near-term borrowing obligations.
