Credit Risk-o-Meter
This meter represents only the credit risk associated with this debt security.
Very low credit risk (Chartreuse)
| Credit Rating Agency (CRA) | Credit Rating |
|---|---|
| CRISIL | CRISIL AA/Stable |
Type of Instrument: Unsecured
The Credit risk-o-meter is based on evaluation of the credit risk of the issuer and does not constitute investment advice or a recommendation to invest. Investments in debt securities are also subject to market and liquidity risks.
Secondary Market Offer
Bond Details
| Series | Remaining Tenor | Rate % p.a. | Payment | Maturity | Min Invest | Eff. Yield |
|---|---|---|---|---|---|---|
| Secondary Offer | 87M (7.25Y) | 10.400% | monthly | 30 Dec 2033 | ₹500,000 | — |
Indicative Returns on ₹1,00,000 at the Offer Price
Buying at face value (offer price not published), holding to maturity on 30 Dec 2033 (7.21 years from 13 Oct 2026).
| Amount invested | ₹1,00,000 |
|---|---|
| Face value bought | ₹100,000 |
| Monthly interest (10.40% on face value) | ₹867 |
| Total interest to maturity | ₹74,984 |
| Face value repaid at maturity | ₹100,000 |
| Gain from buying below face value | ₹0 |
| Total gain over 7.21 years | ₹74,984 |
| Offered YTM | 10.60% p.a. |
Accrued interest is not considered. When a bond is bought between coupon dates, the buyer usually also pays the seller the interest accrued since the last coupon date, and receives it back with the next coupon. Brokerage, stamp duty and tax are also not included, and timely payment by the issuer is assumed. Indicative only. Not investment advice.
About This Issue
3-Year Financials
| Fiscal Year | Total Assets | Total Income | PAT | Net Worth | Total Borrowings |
|---|---|---|---|---|---|
| FY26 | — | ₹8,364 Cr | ₹1,640 Cr | — | — |
| FY25 | — | ₹5,550 Cr | ₹787 Cr | — | — |
| FY24 | — | ₹4,016 Cr | ₹563 Cr | — | — |
Figures as disclosed in the issuer's offer document.
Investment Calculator
Bought at face value, held to maturity (7.21 years).
Enter an amount above to see projections.
Year-wise Breakdown
| Year | Interest Earned | Cumulative |
|---|
Accrued interest is not considered. When a bond is bought between coupon dates, the buyer usually also pays the seller the interest accrued since the last coupon date, and receives it back with the next coupon. Brokerage, stamp duty and tax are also not included, and timely payment by the issuer is assumed. Projections are indicative only. Not investment advice.
Enquire NowTax on NCD Interest
Interest earned on these NCDs is fully taxable in the investor's hands at their applicable income-tax slab rate. For NCDs listed on a stock exchange and held in dematerialized form, no TDS is deducted for resident individual holders under the proviso to Section 193 of the Income-tax Act — this is a TDS exemption only, not a tax exemption, and the interest must still be declared as taxable income. For unlisted or physical-form holdings, TDS applies where interest exceeds the prescribed threshold; residents can submit Form 15G/15H to seek non-deduction if eligible. NRIs/FPIs should confirm eligibility and tax-treaty treatment separately, only if this issue is open to non-resident investors. Consult a tax advisor for your specific situation.
Who Should Consider This NCD
Extensive Industry Experience and Brand Image: The company has over two decades of experience in the gold loan business and has established a strong, well-recognized brand image across India. Widespread Branch Network: Muthoot Fincorp operates a vast network of thousands of branches across numerous states and union territories, providing a significant competitive advantage in terms of reach. Strong Presence in Underserved Markets: The company has a significant reach in rural and semi-urban locations, allowing it to serve a large set of potential customers who are often less served by organized lending institutions. Efficient and Rapid Loan Processing: A core strength is the ability to provide rapid and accurate appraisals with low levels of documentation, enabling the disbursal of loans within a few minutes. High Customer Loyalty: The growth of the business is attributed in part to strong customer loyalty, which leads to high levels of repeat business from a large portion of its customer base. Skilled Workforce and Local Expertise: Branches are staffed with trained professionals who possess local knowledge and understanding of customer needs, ensuring high-quality service and effective collateral appraisal. Cost-Effective and Diverse Funding Sources: The company maintains strong relationships with numerous financial institutions and utilizes various credit providers, allowing for stable and cost-effective access to capital
Documents & How to Invest
Apply through your stockbroker's platform (ASBA) or via a UPI-based application if supported. Documents required: PAN card, a Demat account, and a bank account linked to your Demat/UPI mandate for blocking application funds. NCDs are allotted in dematerialized form directly to your Demat account. Retain the application acknowledgement until allotment is confirmed.
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View all →Written by Tushar Paturde, AMFI-registered MFD, CFP
Disclaimer: This page is for informational purposes only. NCDs and bonds carry credit risk. Please read the offer document before investing.
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