
{"id":16747,"date":"2026-10-23T17:52:56","date_gmt":"2026-10-23T12:22:56","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=16747"},"modified":"2026-10-23T18:21:49","modified_gmt":"2026-10-23T12:51:49","slug":"muthoot-fincorp-ncd-ipo-oct-2026","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/","title":{"rendered":"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details"},"content":{"rendered":"\n<!--\n  ============================================================================\n  WORDPRESS CUSTOM HTML EMBED \u2014 NCD IPO \"Above The Fold\" Widget (REUSABLE)\n  ============================================================================\n  Paste everything below this comment into a \"Custom HTML\" block on each\n  NCD blog post. Do NOT add <!DOCTYPE>, <html>, <head>, <title>, or <body>\n  tags \u2014 WordPress already provides those, and adding them again creates\n  duplicate\/nested tags that hurt on-page SEO.\n\n  Only one <h1> per page (your WordPress post title) \u2014 this widget uses\n  <h2>\/<h3> throughout, so it's safe to drop into any blog post as-is.\n\n  TO REUSE THIS FOR A NEW NCD ISSUE:\n  Scroll down to the block marked \"EDIT THIS SECTION FOR EACH NEW NCD BLOG\"\n  inside the <script> tag near the bottom. Change only the values inside\n  that one JavaScript object (issuer name, dates, rates, allocation, links).\n  Everything else \u2014 layout, styling, the returns calculator, the rating\n  meter, the disclaimer \u2014 rebuilds itself automatically from those values.\n  ============================================================================\n-->\n<link rel=\"preconnect\" href=\"https:\/\/fonts.googleapis.com\">\n<link rel=\"preconnect\" href=\"https:\/\/fonts.gstatic.com\" crossorigin>\n<link href=\"https:\/\/fonts.googleapis.com\/css2?family=Inter:wght@400;500;600;700;800&#038;display=swap\" rel=\"stylesheet\">\n<style>\n  :root{\n    --gp-primary:#FF6B00;\n    --gp-primary-dark:#E05D00;\n    --gp-navy:#121826;\n    --gp-navy-2:#1A2238;\n    --gp-card:#FFFFFF;\n    --gp-text:#1E293B;\n    --gp-muted:#64748B;\n    --gp-border:#E2E8F0;\n    --gp-bg:#F8FAFC;\n    --gp-success:#10B981;\n    --gp-radius:16px;\n    --gp-radius-sm:10px;\n    --gp-shadow:0 10px 25px -5px rgba(0,0,0,.05),0 8px 10px -6px rgba(0,0,0,.01);\n  }\n  #gp-ncd *{box-sizing:border-box;margin:0;padding:0;font-family:'Inter',-apple-system,BlinkMacSystemFont,\"Segoe UI\",Roboto,sans-serif;-webkit-tap-highlight-color:transparent;}\n  #gp-ncd{background:var(--gp-bg);color:var(--gp-text);line-height:1.5;padding:20px 12px;}\n  #gp-ncd .gp-wrap{width:100%;max-width:1120px;margin:0 auto;}\n\n  \/* Header (issuer + tags + stats, all one section) *\/\n  #gp-ncd .gp-header{background:linear-gradient(135deg,var(--gp-navy-2) 0%,#0F172A 100%);color:#fff;padding:24px;border-radius:var(--gp-radius);margin-bottom:16px;box-shadow:var(--gp-shadow);position:relative;overflow:hidden;}\n  #gp-ncd .gp-header::after{content:'';position:absolute;top:-50%;right:-8%;width:260px;height:260px;background:radial-gradient(circle,rgba(255,107,0,.18) 0%,rgba(255,107,0,0) 70%);pointer-events:none;}\n  #gp-ncd .gp-header-top{display:flex;flex-wrap:wrap;justify-content:space-between;align-items:flex-start;gap:12px;position:relative;z-index:1;margin-bottom:18px;}\n  #gp-ncd .gp-chip-row{display:flex;flex-wrap:wrap;gap:7px;margin-bottom:10px;}\n  #gp-ncd .gp-chip{display:inline-flex;align-items:center;gap:5px;padding:4px 11px;border-radius:30px;font-size:.6rem;font-weight:600;letter-spacing:.01em;}\n  #gp-ncd .gp-chip-ipo{background:rgba(255,107,0,.18);color:#FFB37A;border:1px solid rgba(255,107,0,.35);}\n  #gp-ncd .gp-chip-secured{background:rgba(16,185,129,.15);color:#6EE7B7;border:1px solid rgba(16,185,129,.3);}\n  #gp-ncd .gp-chip-rating{background:rgba(255,255,255,.08);color:#F1F5F9;border:1px solid rgba(255,255,255,.18);}\n  #gp-ncd .gp-header h2{font-size:1.4rem;color:#F8FAFC;font-weight:600;letter-spacing:-.02em;line-height:1.25;position:relative;z-index:1;}\n  #gp-ncd .gp-badge{background:rgba(255,255,255,.08);border:1px solid rgba(255,255,255,.15);padding:7px 14px;border-radius:30px;font-size:.78rem;font-weight:600;display:flex;align-items:center;gap:7px;color:#F1F5F9;position:relative;z-index:1;white-space:nowrap;}\n  #gp-ncd .gp-dot{width:7px;height:7px;background:var(--gp-success);border-radius:50%;box-shadow:0 0 8px var(--gp-success);flex-shrink:0;}\n\n  \/* Stats row \u2014 inside the header, horizontal *\/\n  #gp-ncd .gp-stats-row{display:grid;grid-template-columns:repeat(3,1fr);gap:10px;position:relative;z-index:1;}\n  @media (max-width:560px){#gp-ncd .gp-stats-row{grid-template-columns:1fr;}}\n  #gp-ncd .gp-stat-item{background:rgba(255,255,255,.06);border:1px solid rgba(255,255,255,.12);border-radius:var(--gp-radius-sm);padding:12px 14px;}\n  #gp-ncd .gp-stat-lbl{font-size:.68rem;color:#94A3B8;font-weight:600;margin-bottom:3px;}\n  #gp-ncd .gp-stat-val{font-size:0.75rem;font-weight:600;color:#fff;}\n\n  \/* Cards *\/\n  #gp-ncd .gp-card{background:var(--gp-card);border:1px solid var(--gp-border);border-radius:var(--gp-radius);padding:20px;box-shadow:var(--gp-shadow);margin-bottom:16px;}\n  #gp-ncd .gp-card h3{font-size:.95rem;font-weight:700;margin-bottom:14px;}\n\n  \/* Rating Meter | Calculate Returns \u2014 two columns *\/\n  #gp-ncd .gp-two-col{display:grid;grid-template-columns:1fr;gap:14px;margin-bottom:16px;}\n  @media (min-width:720px){#gp-ncd .gp-two-col{grid-template-columns:1fr 1.2fr;align-items:stretch;}}\n  #gp-ncd .gp-two-col .gp-card{margin-bottom:0;}\n\n  \/* Rating meter *\/\n  #gp-ncd .gp-meter-wrap{display:flex;flex-direction:column;align-items:center;text-align:center;}\n  #gp-ncd .gp-meter-letter{font-size:1.7rem;font-weight:800;color:var(--gp-text);margin-top:-38px;}\n  #gp-ncd .gp-meter-agency{font-size:.8rem;font-weight:700;color:var(--gp-text);margin-top:6px;}\n  #gp-ncd .gp-meter-outlook{font-size:.72rem;color:var(--gp-muted);margin-top:1px;}\n  #gp-ncd .gp-meter-secondary{font-size:.72rem;color:var(--gp-muted);margin-top:8px;padding-top:8px;border-top:1px dashed var(--gp-border);width:100%;}\n  #gp-ncd .gp-meter-secondary b{color:var(--gp-text);}\n\n  \/* Calculate returns (compact) *\/\n  #gp-ncd .gp-seg-row{display:grid;gap:6px;margin-bottom:12px;}\n  #gp-ncd .gp-tenure-row{grid-template-columns:repeat(4,1fr);}\n  #gp-ncd .gp-seg-btn{border:1.5px solid var(--gp-border);background:#fff;border-radius:var(--gp-radius-sm);padding:7px 4px;font-size:.74rem;font-weight:700;color:var(--gp-muted);cursor:pointer;text-align:center;transition:all .15s ease;}\n  #gp-ncd .gp-seg-btn.active{border-color:var(--gp-primary);background:#FFF7ED;color:var(--gp-primary-dark);}\n  #gp-ncd .gp-amount-presets{display:grid;grid-template-columns:repeat(4,1fr);gap:6px;margin-bottom:12px;}\n  #gp-ncd .gp-amount-presets button{border:1.5px solid var(--gp-border);background:#fff;border-radius:30px;padding:6px 4px;font-size:.72rem;font-weight:700;color:var(--gp-text);cursor:pointer;transition:all .15s ease;}\n  #gp-ncd .gp-amount-presets button.active{border-color:var(--gp-primary);background:var(--gp-primary);color:#fff;}\n  #gp-ncd .gp-calc-output{display:flex;justify-content:space-between;align-items:center;background:var(--gp-bg);border:1px solid var(--gp-border);border-radius:var(--gp-radius-sm);padding:14px 16px;}\n  #gp-ncd .gp-calc-block{text-align:left;}\n  #gp-ncd .gp-calc-lbl{font-size:.66rem;color:var(--gp-muted);font-weight:600;letter-spacing:.02em;text-transform:uppercase;}\n  #gp-ncd .gp-calc-val{font-size:1.1rem;font-weight:800;color:var(--gp-text);margin-top:3px;}\n  #gp-ncd .gp-calc-val.gp-accent{color:var(--gp-success);}\n  #gp-ncd .gp-calc-sub{font-size:.68rem;color:var(--gp-muted);margin-top:1px;}\n  #gp-ncd .gp-calc-arrow{color:var(--gp-muted);font-size:1.1rem;}\n\n  \/* Issue details *\/\n  #gp-ncd .gp-detail-grid{display:grid;grid-template-columns:repeat(2,1fr);gap:14px 18px;}\n  @media (min-width:640px){#gp-ncd .gp-detail-grid{grid-template-columns:repeat(4,1fr);}}\n  #gp-ncd .gp-detail-lbl{font-size:.68rem;color:var(--gp-muted);font-weight:600;margin-bottom:3px;}\n  #gp-ncd .gp-detail-val{font-size:.88rem;font-weight:700;color:var(--gp-text);}\n  #gp-ncd .gp-detail-val a{color:var(--gp-primary-dark);text-decoration:none;}\n\n  \/* Compact allocation \u2014 single horizontal row, bar + inline legend *\/\n  #gp-ncd .gp-alloc-row{display:flex;align-items:center;gap:14px;flex-wrap:wrap;}\n  #gp-ncd .gp-bucket{display:flex;height:10px;border-radius:6px;overflow:hidden;flex:1 1 160px;min-width:140px;}\n  #gp-ncd .gp-bucket div{height:100%;}\n  #gp-ncd .gp-alloc-legend{display:flex;flex-wrap:wrap;gap:10px 16px;}\n  #gp-ncd .gp-bl-item{display:flex;align-items:center;gap:5px;font-size:.76rem;white-space:nowrap;}\n  #gp-ncd .gp-bl-dot{width:7px;height:7px;border-radius:50%;flex-shrink:0;}\n  #gp-ncd .gp-bl-name{color:var(--gp-muted);font-weight:600;}\n  #gp-ncd .gp-bl-amt{color:var(--gp-text);font-weight:700;}\n\n  #gp-ncd .gp-cta{display:block;text-align:center;background:var(--gp-primary);color:#fff;font-weight:700;font-size:.92rem;padding:14px;border-radius:var(--gp-radius-sm);text-decoration:none;transition:background .15s ease;}\n  #gp-ncd .gp-cta:hover{background:var(--gp-primary-dark);}\n\n  #gp-ncd .gp-disclaimer{font-size:.68rem;color:var(--gp-muted);line-height:1.55;margin-top:14px;}\n  #gp-ncd .gp-disclaimer b{color:var(--gp-text);}\n<\/style>\n\n<div id=\"gp-ncd\">\n<div class=\"gp-wrap\">\n\n  <!-- SECTION 1: Issuer + Tags + Yield\/Tenure\/Payout stats (one section) -->\n  <div class=\"gp-header\">\n    <div class=\"gp-header-top\">\n      <div>\n        <div class=\"gp-chip-row\">\n          <span class=\"gp-chip gp-chip-ipo\" id=\"ncdIpoChip\">NCD IPO<\/span>\n          <span class=\"gp-chip gp-chip-secured\" id=\"ncdTypeChip\">Secured<\/span>\n          <span class=\"gp-chip gp-chip-rating\" id=\"ncdRatingChip1\">\u2014<\/span>\n          <span class=\"gp-chip gp-chip-rating\" id=\"ncdRatingChip2\">\u2014<\/span>\n        <\/div>\n        <h2 id=\"ncdIssuerName\">Issuer Name<\/h2>\n      <\/div>\n      <div class=\"gp-badge\"><span class=\"gp-dot\"><\/span>SEBI-registered platform<\/div>\n    <\/div>\n\n    <div class=\"gp-stats-row\">\n      <div class=\"gp-stat-item\">\n        <div class=\"gp-stat-lbl\">Yield range<\/div>\n        <div class=\"gp-stat-val\" id=\"statYieldRange\">\u2014<\/div>\n      <\/div>\n      <div class=\"gp-stat-item\">\n        <div class=\"gp-stat-lbl\">Tenure options<\/div>\n        <div class=\"gp-stat-val\" id=\"statTenureRange\">\u2014<\/div>\n      <\/div>\n      <div class=\"gp-stat-item\">\n        <div class=\"gp-stat-lbl\">Interest payout<\/div>\n        <div class=\"gp-stat-val\" id=\"statPayoutTypes\">\u2014<\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  <!-- SECTION 2: Credit Rating Meter | Calculate Returns -->\n  <div class=\"gp-two-col\">\n    <div class=\"gp-card\">\n      <h3>Credit rating<\/h3>\n      <div class=\"gp-meter-wrap\">\n        <svg width=\"160\" height=\"90\" viewBox=\"0 0 160 90\">\n          <path d=\"M 14 84 A 66 66 0 0 1 146 84\" fill=\"none\" stroke=\"#E2E8F0\" stroke-width=\"14\" stroke-linecap=\"round\"\/>\n          <path id=\"meterArc\" d=\"M 14 84 A 66 66 0 0 1 146 84\" fill=\"none\" stroke=\"#10B981\" stroke-width=\"14\" stroke-linecap=\"round\"\/>\n        <\/svg>\n        <div class=\"gp-meter-letter\" id=\"meterLetter\">\u2014<\/div>\n        <div class=\"gp-meter-agency\" id=\"meterAgency\">\u2014<\/div>\n        <div class=\"gp-meter-outlook\" id=\"meterOutlook\">\u2014<\/div>\n        <div class=\"gp-meter-secondary\" id=\"meterSecondary\" style=\"display:none;\"><\/div>\n      <\/div>\n    <\/div>\n\n    <div class=\"gp-card\">\n      <h3>Calculate returns<\/h3>\n      <div class=\"gp-seg-row gp-tenure-row\" id=\"calcTenureRow\"><\/div>\n      <div class=\"gp-amount-presets\" id=\"calcPresets\"><\/div>\n      <div class=\"gp-calc-output\">\n        <div class=\"gp-calc-block\">\n          <div class=\"gp-calc-lbl\">You invest<\/div>\n          <div class=\"gp-calc-val\" id=\"outInvest\">\u20b90<\/div>\n          <div class=\"gp-calc-sub\" id=\"outUnits\">0 units<\/div>\n        <\/div>\n        <div class=\"gp-calc-arrow\">\u2192<\/div>\n        <div class=\"gp-calc-block\" style=\"text-align:right;\">\n          <div class=\"gp-calc-lbl\">You get<\/div>\n          <div class=\"gp-calc-val gp-accent\" id=\"outGet\">\u20b90<\/div>\n          <div class=\"gp-calc-sub\" id=\"outInterest\">+\u20b90 interest<\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  <!-- SECTION 3: Issue details -->\n  <div class=\"gp-card\">\n    <h3>Issue details<\/h3>\n    <div class=\"gp-detail-grid\">\n      <div><div class=\"gp-detail-lbl\">Issue opens<\/div><div class=\"gp-detail-val\" id=\"detOpen\">\u2014<\/div><\/div>\n      <div><div class=\"gp-detail-lbl\">Issue closes<\/div><div class=\"gp-detail-val\" id=\"detClose\">\u2014<\/div><\/div>\n      <div><div class=\"gp-detail-lbl\">Face value<\/div><div class=\"gp-detail-val\" id=\"detFaceValue\">\u2014<\/div><\/div>\n      <div><div class=\"gp-detail-lbl\">Minimum investment<\/div><div class=\"gp-detail-val\" id=\"detMinInvest\">\u2014<\/div><\/div>\n      <div><div class=\"gp-detail-lbl\">Issue size<\/div><div class=\"gp-detail-val\" id=\"detIssueSize\">\u2014<\/div><\/div>\n      <div><div class=\"gp-detail-lbl\">Instrument type<\/div><div class=\"gp-detail-val\" id=\"detInstrumentType\">\u2014<\/div><\/div>\n      <div><div class=\"gp-detail-lbl\">Listed on<\/div><div class=\"gp-detail-val\" id=\"detExchange\">\u2014<\/div><\/div>\n      <div><div class=\"gp-detail-lbl\">Issue document<\/div><div class=\"gp-detail-val\"><a href=\"#\" id=\"detProspectusLink\" target=\"_blank\" rel=\"noopener\">Prospectus \u2197<\/a><\/div><\/div>\n    <\/div>\n  <\/div>\n\n  <!-- SECTION 4: Compact allocation -->\n  <div class=\"gp-card\">\n    <h3>Allocation by investor category<\/h3>\n    <div class=\"gp-alloc-row\">\n      <div class=\"gp-bucket\" id=\"allocBucket\"><\/div>\n      <div class=\"gp-alloc-legend\" id=\"allocLegend\"><\/div>\n    <\/div>\n  <\/div>\n\n  <!-- SECTION 5: CTA -->\n  <a href=\"#\" class=\"gp-cta\" id=\"ctaApplyLink\" target=\"_blank\" rel=\"noopener\">Apply on GoldenPi \u2192<\/a>\n\n  <div class=\"gp-disclaimer\">\n    <b>Disclosure:<\/b> For general information only, not investment advice. NCDs are fixed income instruments and are <b>not guaranteed<\/b> \u2014 they carry market, credit, liquidity, and default risk, and are not DICGC-insured. Credit ratings are opinions, not a guarantee of repayment. The returns shown above are indicative estimates, not guaranteed. Please read the full prospectus and assess your own risk \u2014 or consult a SEBI-registered investment advisor \u2014 before investing. GoldenPi  Securities Private Limited is registered with SEBI as an Online Bond Platform Provider, Reg. No. <b>INZ000310732<\/b>.\n  <\/div>\n\n<\/div>\n<\/div>\n\n<script>\n(function(){\n  \/* ==========================================================================\n     EDIT THIS SECTION FOR EACH NEW NCD BLOG\n     Change only the values below. Everything else renders automatically.\n     ========================================================================== *\/\n  var NCD = {\n    issuer: \"Muthoot Fincorp Limited  NCD IPO Overview\",\n    instrumentType: \"Secured Redeemable NCD\",\n    exchange: \"BSE\",\n    ratings: [\n      { agency: \"CRISIL\", letter: \"AA\", outlook: \"Stable\" },\n      { agency: \"Brickwork (BWR)\", letter: \"AA+\", outlook: \"Stable\" }\n    ],\n    issueOpen: \"Fri, 23 Oct 2026\",\n    issueClose: \"Thu, 5 Nov 2026\",\n    faceValue: \"\u20b91,000 \/ unit\",\n    minInvestment: 10000,\n    minInvestmentDisplay: \"\u20b910,000\",\n    issueSizeDisplay: \"\u20b9500 Cr (Base \u20b9200 Cr + Green Shoe \u20b9300 Cr)\",\n    prospectusUrl: \"https:\/\/www.nuvama.com\/wp-content\/uploads\/2026\/10\/Muthoot-FinCorp-Limited-Tranche-I-Prospectus-dated-October-19-2026.pdf\", \/\/ replace with the actual prospectus PDF link\n\n    \/\/ One row per tenure (months). All rates are % per annum.\n    \/\/ \"cumulative\" is used to drive the \"Calculate returns\" box.\n    rates: [\n      { tenureMonths: 24, monthly: 8.56, annual: 8.90, cumulative: 8.90 },\n      { tenureMonths: 36, monthly: 8.75, annual: 9.10, cumulative: 9.10 },\n      { tenureMonths: 60, monthly: 8.84, annual: 9.20, cumulative: 9.20 },\n      { tenureMonths: 72, monthly: 8.88, annual: 9.25, cumulative: 9.25 }\n    ],\n\n    allocation: [\n      { label: \"Retail\", pct: 20, color: \"#FF6B00\" },\n      { label: \"HNI\", pct: 50, color: \"#1A2238\" },\n      { label: \"Corporate\", pct: 20, color: \"#3B82F6\" },\n      { label: \"QIB\", pct: 10, color: \"#10B981\" }\n    ],\n\n    ctaUrl: \"https:\/\/goldenpi.com\/bond-ipo\/GPID100936\/muthoot-fincorp-limited?utm_source=blog&utm_medium=banner&utm_campaign=SEO_Organic&utm_id=1&utm_term=blog_SEO\"\n  };\n  \/* ========================================================================== *\/\n\n  function fmtINR(n){\n    n = Math.round(n || 0);\n    return '\u20b9' + n.toLocaleString('en-IN');\n  }\n\n  \/\/ ---- Header: tags + title ----\n  document.getElementById('ncdIssuerName').textContent = NCD.issuer;\n  document.getElementById('ncdTypeChip').textContent = NCD.instrumentType.split(' ')[0];\n  if (NCD.ratings[0]) document.getElementById('ncdRatingChip1').textContent = NCD.ratings[0].agency + ' ' + NCD.ratings[0].letter;\n  if (NCD.ratings[1]) document.getElementById('ncdRatingChip2').textContent = NCD.ratings[1].agency + ' ' + NCD.ratings[1].letter;\n\n  \/\/ ---- Header: stats row ----\n  var allYields = NCD.rates.map(function(r){ return Math.max(r.monthly, r.annual, r.cumulative); });\n  var minY = Math.min.apply(null, allYields), maxY = Math.max.apply(null, allYields);\n  document.getElementById('statYieldRange').textContent = minY.toFixed(2) + '% \u2013 ' + maxY.toFixed(2) + '%';\n  var tenures = NCD.rates.map(function(r){ return r.tenureMonths; });\n  document.getElementById('statTenureRange').textContent = Math.min.apply(null, tenures) + '\u2013' + Math.max.apply(null, tenures) + ' Months';\n  document.getElementById('statPayoutTypes').textContent = 'Monthly \/ Annual \/ Cumulative';\n\n  \/\/ ---- Credit rating meter ----\n  \/\/ Approximate scale (lowest to highest) used only to size the gauge arc.\n  var RATING_SCALE = ['D','C','B-','B','B+','BB-','BB','BB+','BBB-','BBB','BBB+','A-','A','A+','AA-','AA','AA+','AAA'];\n  function ratingPct(letter){\n    var idx = RATING_SCALE.indexOf(letter);\n    if (idx === -1) return 70; \/\/ fallback mid-scale if an unrecognised notch is used\n    return (idx \/ (RATING_SCALE.length - 1)) * 100;\n  }\n  var primary = NCD.ratings[0] || { agency: '\u2014', letter: '\u2014', outlook: '\u2014' };\n  document.getElementById('meterLetter').textContent = primary.letter;\n  document.getElementById('meterAgency').textContent = primary.agency;\n  document.getElementById('meterOutlook').textContent = primary.outlook + ' Outlook';\n\n  var arcPct = ratingPct(primary.letter) \/ 100;\n  var arcLen = Math.PI * 66; \/\/ semicircle length for r=66\n  var arc = document.getElementById('meterArc');\n  arc.setAttribute('stroke-dasharray', (arcLen * arcPct) + ' ' + arcLen);\n  arc.setAttribute('stroke', arcPct >= 0.75 ? '#10B981' : (arcPct >= 0.5 ? '#F59E0B' : '#EF4444'));\n\n  if (NCD.ratings[1]){\n    var sec = document.getElementById('meterSecondary');\n    sec.style.display = 'block';\n    sec.innerHTML = 'Also rated <b>' + NCD.ratings[1].letter + '<\/b> by ' + NCD.ratings[1].agency + ' (' + NCD.ratings[1].outlook + ')';\n  }\n\n  \/\/ ---- Issue details ----\n  document.getElementById('detOpen').textContent = NCD.issueOpen;\n  document.getElementById('detClose').textContent = NCD.issueClose;\n  document.getElementById('detFaceValue').textContent = NCD.faceValue;\n  document.getElementById('detMinInvest').textContent = NCD.minInvestmentDisplay;\n  document.getElementById('detIssueSize').textContent = NCD.issueSizeDisplay;\n  document.getElementById('detInstrumentType').textContent = NCD.instrumentType;\n  document.getElementById('detExchange').textContent = NCD.exchange;\n  document.getElementById('detProspectusLink').href = NCD.prospectusUrl;\n  document.getElementById('ctaApplyLink').href = NCD.ctaUrl;\n  document.getElementById('ctaApplyLink').textContent = 'Apply for ' + NCD.issuer.split(' ')[0] + ' NCD \u2192';\n\n  \/\/ ---- Compact allocation ----\n  var bucket = document.getElementById('allocBucket');\n  var legend = document.getElementById('allocLegend');\n  NCD.allocation.forEach(function(a){\n    var seg = document.createElement('div');\n    seg.style.background = a.color;\n    seg.style.width = a.pct + '%';\n    bucket.appendChild(seg);\n\n    var li = document.createElement('div');\n    li.className = 'gp-bl-item';\n    li.innerHTML = '<span class=\"gp-bl-dot\" style=\"background:' + a.color + ';\"><\/span>' +\n      '<span class=\"gp-bl-name\">' + a.label + '<\/span><span class=\"gp-bl-amt\">' + a.pct + '%<\/span>';\n    legend.appendChild(li);\n  });\n\n  \/\/ ---- Calculate returns (compact, cumulative basis, Groww-style invest\u2192get) ----\n  var selectedTenureIdx = NCD.rates.length - 1; \/\/ default to longest tenure, like Groww's example\n  var tenureRow = document.getElementById('calcTenureRow');\n  NCD.rates.forEach(function(r, i){\n    var btn = document.createElement('div');\n    btn.className = 'gp-seg-btn' + (i === selectedTenureIdx ? ' active' : '');\n    btn.textContent = r.tenureMonths + 'M';\n    btn.addEventListener('click', function(){\n      tenureRow.querySelectorAll('.gp-seg-btn').forEach(function(b){ b.classList.remove('active'); });\n      btn.classList.add('active');\n      selectedTenureIdx = i;\n      runCalc();\n    });\n    tenureRow.appendChild(btn);\n  });\n\n  var presetsWrap = document.getElementById('calcPresets');\n  var presetAmounts = [10000, 25000, 50000, 100000];\n  var currentAmount = NCD.minInvestment;\n  presetAmounts.forEach(function(amt, i){\n    var b = document.createElement('button');\n    b.type = 'button';\n    if (amt === currentAmount) b.classList.add('active');\n    b.textContent = amt >= 100000 ? '\u20b9' + (amt\/100000) + 'L' : '\u20b9' + (amt\/1000) + 'K';\n    b.addEventListener('click', function(){\n      presetsWrap.querySelectorAll('button').forEach(function(x){ x.classList.remove('active'); });\n      b.classList.add('active');\n      currentAmount = amt;\n      runCalc();\n    });\n    presetsWrap.appendChild(b);\n  });\n\n  var faceValueNum = parseInt((NCD.faceValue.match(\/[\\d,]+\/) || ['1000'])[0].replace(\/,\/g,''), 10) || 1000;\n\n  function runCalc(){\n    var row = NCD.rates[selectedTenureIdx];\n    var years = row.tenureMonths \/ 12;\n    var maturity = currentAmount * Math.pow(1 + row.cumulative\/100, years);\n    var interest = maturity - currentAmount;\n    var units = Math.floor(currentAmount \/ faceValueNum);\n\n    document.getElementById('outInvest').textContent = fmtINR(currentAmount);\n    document.getElementById('outUnits').textContent = units + ' unit' + (units === 1 ? '' : 's');\n    document.getElementById('outGet').textContent = fmtINR(maturity);\n    document.getElementById('outInterest').textContent = 'Interest +' + fmtINR(interest);\n  }\n\n  runCalc();\n})();\n<\/script>\n\n\n<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">\ud83d\udcdd Quick Summary:<\/div>\n<h2 class=\"gpi-custom-widget-h2-content\"><span style=\"font-weight: 400;\">Muthoot Fincorp Limited launches a secured NCD public issue aggregating up to \u20b9500 crore (base \u20b9200 Cr + oversubscription \u20b9300 Cr). Rated CRISIL AA\/Stable and BWR AA+\/Stable, the issue features 12 distinct series with investment tenures of 24, 36, 60, and 72 months, offering attractive annual yields ranging from 8.89% to 9.25%. The subscription window opens from October 23 to November 5,2026, with allotments processed on a First-Come, First-Served (FCFS) basis on the BSE.<\/span><\/h2>\n<\/div>\n\n\n<style>\n  .gp-ncd-table-wrap {\n    max-width: 950px;\n    margin: 32px auto;\n    background: #ffffff;\n    border: 1px solid #dce5f2;\n    border-radius: 14px;\n    overflow: hidden;\n    box-shadow: 0 6px 24px rgba(25, 56, 109, 0.08);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n  }\n\n  .gp-ncd-table-header {\n    background: #19386d;\n    padding: 20px 24px;\n  }\n\n  .gp-ncd-table-header h2 {\n    margin: 0;\n    color: #ffffff;\n    font-size: 21px;\n    font-weight: 700;\n    line-height: 1.3;\n  }\n\n  .gp-ncd-table-header p {\n    margin: 5px 0 0;\n    color: #dce7f7;\n    font-size: 13px;\n  }\n\n  .gp-ncd-table {\n    width: 100%;\n    border-collapse: collapse;\n    margin: 0;\n  }\n\n  .gp-ncd-table tr {\n    border-bottom: 1px solid #edf1f6;\n  }\n\n  .gp-ncd-table tr:last-child {\n    border-bottom: none;\n  }\n\n  .gp-ncd-table td {\n    padding: 14px 20px;\n    font-size: 14px;\n    line-height: 1.5;\n    vertical-align: middle;\n  }\n\n  .gp-ncd-table td:first-child {\n    width: 38%;\n    background: #f7f9fc;\n    color: #4b5563;\n    font-weight: 600;\n    border-right: 1px solid #edf1f6;\n  }\n\n  .gp-ncd-table td:last-child {\n    color: #1f2937;\n    font-weight: 500;\n  }\n\n  .gp-highlight-row td:last-child {\n    color: #19386d;\n    font-weight: 700;\n  }\n\n  .gp-metric-value {\n    display: inline-block;\n    padding: 5px 10px;\n    background: #eef3fa;\n    border-radius: 6px;\n    color: #19386d;\n    font-weight: 700;\n  }\n\n  .gp-security-badge {\n    display: inline-block;\n    padding: 5px 10px;\n    background: #edf8f3;\n    color: #18794e;\n    border: 1px solid #ccebdd;\n    border-radius: 6px;\n    font-size: 12px;\n    font-weight: 700;\n  }\n\n  .gp-rating-badge {\n    display: inline-block;\n    padding: 5px 10px;\n    background: #f1f4f9;\n    color: #19386d;\n    border: 1px solid #d9e2ef;\n    border-radius: 6px;\n    font-size: 12px;\n    font-weight: 700;\n  }\n\n  .gp-date {\n    color: #19386d;\n    font-weight: 600;\n  }\n\n  .gp-ncd-note {\n    padding: 14px 20px;\n    background: #f8faff;\n    border-top: 1px solid #e4eaf3;\n    font-size: 12px;\n    line-height: 1.5;\n    color: #6b7280;\n  }\n\n  @media (max-width: 650px) {\n    .gp-ncd-table-wrap {\n      margin: 24px 0;\n      border-radius: 10px;\n    }\n\n    .gp-ncd-table-header {\n      padding: 18px;\n    }\n\n    .gp-ncd-table-header h2 {\n      font-size: 19px;\n    }\n\n    .gp-ncd-table td {\n      padding: 12px 14px;\n      font-size: 13px;\n    }\n\n    .gp-ncd-table td:first-child {\n      width: 42%;\n    }\n  }\n<\/style>\n\n<div class=\"gp-ncd-table-wrap\">\n\n  <!-- Header -->\n  <div class=\"gp-ncd-table-header\">\n    <h2>Muthoot Fincorp NCD \u2013 Key Issue Details<\/h2>\n    <p>Senior Secured Redeemable Non-Convertible Debentures<\/p>\n  <\/div>\n\n  <!-- Table -->\n  <div class=\"pcrstb-wrap\"><table class=\"gp-ncd-table\">\n    <tbody>\n\n      <tr>\n        <td>Issuer<\/td>\n        <td><strong>MUTHOOT FINCORP LIMITED<\/strong><\/td>\n      <\/tr>\n\n      <tr>\n        <td>Type of instrument<\/td>\n        <td>\n          <span class=\"gp-security-badge\">Senior Secured Redeemable Non-Convertible Debentures<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Listing<\/td>\n        <td>BSE<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Base Issue Size<\/td>\n        <td>Rs. 200 Cr<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Option to retain Oversubscription<\/td>\n        <td>Rs. 300 Cr<\/td>\n      <\/tr>\n\n      <tr class=\"gp-highlight-row\">\n        <td>Issue Size<\/td>\n        <td>\n          <span class=\"gp-metric-value\">Rs. 500 Cr<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Issue Price<\/td>\n        <td>Rs. 1000\/- Per NCD<\/td>\n      <\/tr>\n\n      <tr class=\"gp-highlight-row\">\n        <td>Minimum Investment<\/td>\n        <td>\n          <span class=\"gp-metric-value\">Rs. 10,000\/- (10 NCD)<\/span> and in multiples of Rs. 1,000\/- (1 NCD) thereafter.\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Credit Rating<\/td>\n        <td>\n          <span class=\"gp-rating-badge\">CRISIL AA\/Stable<\/span>\n          &nbsp;\n          <span class=\"gp-rating-badge\">BWR AA+\/Stable<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Trustee<\/td>\n        <td>Vardhman Trusteeship Private Limited<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Registrar<\/td>\n        <td>Integrated Registry Management Services Private Limited<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Issue Opening Date<\/td>\n        <td>\n          <span class=\"gp-date\">Friday, October 23, 2026<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Issue Closing Date<\/td>\n        <td>\n          <span class=\"gp-date\">Thursday, November 05, 2026<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Mode of Application<\/td>\n        <td>ASBA only<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Mode of Allotment<\/td>\n        <td>Dematerialized only<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Allotment<\/td>\n        <td>First Come First Serve Basis<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Depositories<\/td>\n        <td>NSDL and CDSL<\/td>\n      <\/tr>\n\n    <\/tbody>\n  <\/table><\/div>\n\n  <div class=\"gp-ncd-note\">\n    <strong>Note:<\/strong> NCD investments are subject to issuer-specific credit, interest-rate, and liquidity risks. Investors should review the offer document before investing.\n  <\/div>\n\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Muthoot Fincorp Limited NCD: Purpose of the Issue&nbsp;<\/strong><\/h2>\n\n\n\n<p>Proceeds from the IPO will be utilized for\u2014<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Primarily<\/strong> for the onward lending, financing, and repayment\/prepayment of interest&nbsp; and principal of existing borrowings of the Company&nbsp;<\/li>\n\n\n\n<li>General corporate purpose<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Muthoot Fincorp NCD Interest Rates and Effective Yields<\/strong><\/h2>\n\n\n\n<p>The NCDs are being issued twelve different series to cater to different investor needs, ranging from short-term liquidity to long-term wealth compounding<\/p>\n\n\n\n<style>\n  .ncd-yield-wrap {\n    max-width: 950px;\n    margin: 32px auto;\n    background: #ffffff;\n    border: 1px solid #c3d9c9;\n    border-radius: 12px;\n    overflow: hidden;\n    box-shadow: 0 4px 18px rgba(34, 84, 61, 0.08);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n  }\n\n  .ncd-yield-header {\n    padding: 24px 28px 16px;\n    background: #ffffff;\n  }\n\n  .ncd-yield-header h2 {\n    margin: 0 0 8px;\n    color: #1e3a29;\n    font-size: 22px;\n    font-weight: 700;\n  }\n\n  .ncd-yield-header p {\n    margin: 0;\n    color: #4a5568;\n    font-size: 14px;\n    line-height: 1.5;\n  }\n\n  .ncd-yield-table-container {\n    overflow-x: auto;\n    padding: 0 24px 24px;\n  }\n\n  .ncd-yield-table {\n    width: 100%;\n    border-collapse: collapse;\n    border: 1px solid #78a381;\n    text-align: center;\n  }\n\n  .ncd-yield-table th {\n    background-color: #ffffff;\n    color: #111827;\n    font-size: 14px;\n    font-weight: 700;\n    padding: 14px 10px;\n    border: 1px solid #78a381;\n    vertical-align: middle;\n  }\n\n  .ncd-yield-table td {\n    padding: 12px;\n    font-size: 14px;\n    color: #1f2937;\n    border: 1px solid #78a381;\n    vertical-align: middle;\n  }\n\n  \/* Alternating row styling *\/\n  .ncd-yield-table tbody tr:nth-child(odd) {\n    background-color: #dbebe0;\n  }\n\n  .ncd-yield-table tbody tr:nth-child(even) {\n    background-color: #ffffff;\n  }\n\n  @media (max-width: 650px) {\n    .ncd-yield-header {\n      padding: 18px 18px 12px;\n    }\n\n    .ncd-yield-header h2 {\n      font-size: 18px;\n    }\n\n    .ncd-yield-table-container {\n      padding: 0 12px 18px;\n    }\n\n    .ncd-yield-table th, \n    .ncd-yield-table td {\n      padding: 8px 6px;\n      font-size: 12px;\n    }\n  }\n<\/style>\n\n<div class=\"ncd-yield-wrap\">\n  \n  <!-- Header & Description -->\n  <div class=\"ncd-yield-header\">\n    <h2>NCD Coupon Rates &amp; Effective Yield Details<\/h2>\n    <p>Comprehensive series breakdown across payment frequencies, tenors, coupon rates, and effective yields.<\/p>\n  <\/div>\n\n  <!-- Table -->\n  <div class=\"ncd-yield-table-container\">\n    <div class=\"pcrstb-wrap\"><table class=\"ncd-yield-table\">\n      <thead>\n        <tr>\n          <th>Series<\/th>\n          <th>Frequency of<br>Interest Payment<\/th>\n          <th>Nature<\/th>\n          <th>Tenor<\/th>\n          <th>Coupon (%<br>per Annum)<\/th>\n          <th>Effective Yield (%<br>per Annum)<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td><strong>1<\/strong><\/td>\n          <td>Monthly<\/td>\n          <td>Secured<\/td>\n          <td>24 Months<\/td>\n          <td>8.56%<\/td>\n          <td>8.89%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>2<\/strong><\/td>\n          <td>Monthly<\/td>\n          <td>Secured<\/td>\n          <td>36 Months<\/td>\n          <td>8.75%<\/td>\n          <td>9.10%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>3<\/strong><\/td>\n          <td>Monthly<\/td>\n          <td>Secured<\/td>\n          <td>60 Months<\/td>\n          <td>8.84%<\/td>\n          <td>9.20%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>4<\/strong><\/td>\n          <td>Monthly<\/td>\n          <td>Secured<\/td>\n          <td>72 Months<\/td>\n          <td>8.88%<\/td>\n          <td>9.24%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>5<\/strong><\/td>\n          <td>Annual<\/td>\n          <td>Secured<\/td>\n          <td>24 Months<\/td>\n          <td>8.90%<\/td>\n          <td>8.89%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>6<\/strong><\/td>\n          <td>Annual<\/td>\n          <td>Secured<\/td>\n          <td>36 Months<\/td>\n          <td>9.10%<\/td>\n          <td>9.09%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>7<\/strong><\/td>\n          <td>Annual<\/td>\n          <td>Secured<\/td>\n          <td>60 Months<\/td>\n          <td>9.20%<\/td>\n          <td>9.19%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>8<\/strong><\/td>\n          <td>Annual<\/td>\n          <td>Secured<\/td>\n          <td>72 Months<\/td>\n          <td>9.25%<\/td>\n          <td>9.24%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>9<\/strong><\/td>\n          <td>Cumulative<\/td>\n          <td>Secured<\/td>\n          <td>24 Months<\/td>\n          <td>NA<\/td>\n          <td>8.90%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>10<\/strong><\/td>\n          <td>Cumulative<\/td>\n          <td>Secured<\/td>\n          <td>36 Months<\/td>\n          <td>NA<\/td>\n          <td>9.10%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>11<\/strong><\/td>\n          <td>Cumulative<\/td>\n          <td>Secured<\/td>\n          <td>60 Months<\/td>\n          <td>NA<\/td>\n          <td>9.20%<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>12<\/strong><\/td>\n          <td>Cumulative<\/td>\n          <td>Secured<\/td>\n          <td>72 Months<\/td>\n          <td>NA<\/td>\n          <td>9.25%<\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table><\/div>\n  <\/div>\n\n<\/div>\n\n\n\n<p><strong>Best yield: 9.25% (Series 12, 72 Months cumulative payout).<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Understanding the Allocation Ratio:<\/strong><\/h2>\n\n\n\n<p>The allocation ratio is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by SEBI. Once the IPO subscription closes, applications will be divided into different categories.<\/p>\n\n\n\n<style>\n  .pie-chart-card {\n    max-width: 750px;\n    margin: 32px auto;\n    padding: 32px 24px;\n    background: #ffffff;\n    border: 1px solid #dce5f2;\n    border-radius: 14px;\n    box-shadow: 0 6px 24px rgba(25, 56, 109, 0.08);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n    box-sizing: border-box;\n  }\n\n  \/* Top Horizontal Legend *\/\n  .top-legend {\n    display: flex;\n    justify-content: center;\n    align-items: center;\n    gap: 24px;\n    margin-bottom: 28px;\n    flex-wrap: wrap;\n  }\n\n  .top-legend-item {\n    display: flex;\n    align-items: center;\n    gap: 8px;\n    font-size: 14px;\n    font-weight: 600;\n    color: #2c3e50;\n  }\n\n  .top-legend-swatch {\n    width: 14px;\n    height: 14px;\n    border-radius: 50%;\n    flex-shrink: 0;\n  }\n\n  \/* Chart Container *\/\n  .pie-chart-wrapper {\n    position: relative;\n    width: 320px;\n    height: 320px;\n    margin: 0 auto;\n  }\n\n  .pie-chart-svg {\n    width: 100%;\n    height: 100%;\n    border-radius: 50%;\n    box-shadow: 0 4px 18px rgba(0, 0, 0, 0.1);\n  }\n\n  \/* Style for text labels inside the chart *\/\n  .inside-label-title {\n    fill: #ffffff;\n    font-size: 6px;\n    font-weight: 600;\n    text-anchor: middle;\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n    pointer-events: none;\n  }\n\n  .inside-label-value {\n    fill: #ffffff;\n    font-size: 13px;\n    font-weight: 800;\n    text-anchor: middle;\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n    pointer-events: none;\n  }\n\n  \/* Swatch Colors *\/\n  .bg-hni { background-color: #1e7127; }\n  .bg-retail { background-color: #0e98cf; }\n  .bg-non-institutional { background-color: #e06d34; }\n  .bg-institutional { background-color: #13505b; }\n\n  @media (max-width: 480px) {\n    .pie-chart-wrapper {\n      width: 260px;\n      height: 260px;\n    }\n    \n    .top-legend {\n      gap: 12px;\n    }\n    \n    .inside-label-title {\n      font-size: 9.5px;\n    }\n    \n    .inside-label-value {\n      font-size: 11.5px;\n    }\n  }\n<\/style>\n\n<div class=\"pie-chart-card\">\n  <!-- Top Horizontal Legend -->\n  <div class=\"top-legend\">\n    <div class=\"top-legend-item\">\n      <span class=\"top-legend-swatch bg-hni\"><\/span>\n      <span>HNI Individual<\/span>\n    <\/div>\n    <div class=\"top-legend-item\">\n      <span class=\"top-legend-swatch bg-retail\"><\/span>\n      <span>Retail Individual<\/span>\n    <\/div>\n    <div class=\"top-legend-item\">\n      <span class=\"top-legend-swatch bg-non-institutional\"><\/span>\n      <span>Non-Institutional<\/span>\n    <\/div>\n    <div class=\"top-legend-item\">\n      <span class=\"top-legend-swatch bg-institutional\"><\/span>\n      <span>Institutional<\/span>\n    <\/div>\n  <\/div>\n\n  <!-- Pie Chart with Inside Labels -->\n  <div class=\"pie-chart-wrapper\">\n    <svg class=\"pie-chart-svg\" viewBox=\"-100 -100 200 200\" aria-label=\"Pie chart showing investor category distribution with labels placed inside each slice: HNI Individual 50%, Retail Individual 20%, Non-Institutional 20%, Institutional 10%\" role=\"img\">\n      \n      <!-- Slices matching image orientation starting from top center (0 deg \/ 12 o'clock) -->\n      <!-- 1. HNI Individual: 50% (0\u00b0 to 180\u00b0, right half) -->\n      <path d=\"M 0 0 L 0 -100 A 100 100 0 0 1 0 100 Z\" fill=\"#1e7127\" \/>\n\n      <!-- 2. Retail Individual: 20% (180\u00b0 to 252\u00b0, bottom-left) -->\n      <path d=\"M 0 0 L 0 100 A 100 100 0 0 1 -95.11 30.90 Z\" fill=\"#0e98cf\" \/>\n\n      <!-- 3. Non-Institutional: 20% (252\u00b0 to 324\u00b0, upper-left) -->\n      <path d=\"M 0 0 L -95.11 30.90 A 100 100 0 0 1 -58.78 -80.90 Z\" fill=\"#e06d34\" \/>\n\n      <!-- 4. Institutional: 10% (324\u00b0 to 360\u00b0, top slice) -->\n      <path d=\"M 0 0 L -58.78 -80.90 A 100 100 0 0 1 0 -100 Z\" fill=\"#13505b\" \/>\n\n      <!-- White slice border lines -->\n      <path d=\"M 0 0 L 0 -100 M 0 0 L 0 100 M 0 0 L -95.11 30.90 M 0 0 L -58.78 -80.90\" stroke=\"#ffffff\" stroke-width=\"1.5\" \/>\n\n      <!-- LABELS INSIDE THE SLICES -->\n      <!-- 1. HNI Individual (50%) at 90\u00b0 (midpoint) -->\n      <text x=\"52\" y=\"-4\" class=\"inside-label-title\">HNI Individual<\/text>\n      <text x=\"52\" y=\"14\" class=\"inside-label-value\">50%<\/text>\n\n      <!-- 2. Retail Individual (20%) at 216\u00b0 (midpoint) -->\n      <text x=\"-48\" y=\"52\" class=\"inside-label-title\">Retail Individual<\/text>\n      <text x=\"-48\" y=\"68\" class=\"inside-label-value\">20%<\/text>\n\n      <!-- 3. Non-Institutional (20%) at 288\u00b0 (midpoint) -->\n      <text x=\"-54\" y=\"-30\" class=\"inside-label-title\">Non-Institutional<\/text>\n      <text x=\"-54\" y=\"-14\" class=\"inside-label-value\">20%<\/text>\n\n      <!-- 4. Institutional (10%) at 342\u00b0 (midpoint) -->\n      <text x=\"-20\" y=\"-62\" class=\"inside-label-title\">Institutional<\/text>\n      <text x=\"-20\" y=\"-48\" class=\"inside-label-value\">10%<\/text>\n    <\/svg>\n  <\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Recent NCD IPOs:<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 has-dates wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/\" aria-label=\"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Muthoot Fincorp Limited NCD IPO Oct 2026\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/\">Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details<\/a><time datetime=\"2026-10-23T17:52:56+05:30\" class=\"wp-block-latest-posts__post-date\">October 23, 2026<\/time><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/\" aria-label=\"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO--1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"SMC-GLOBAL-SECURITIES-(NCD-IPO)-\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO--1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO--300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO--768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO--1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/\">SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest<\/a><time datetime=\"2026-10-05T12:34:26+05:30\" class=\"wp-block-latest-posts__post-date\">October 5, 2026<\/time><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/edelweiss-financial-services-limited-ncd-ipo-4\/\" aria-label=\"Edelweiss Financial Services Limited NCD IPO\"><img decoding=\"async\" width=\"1024\" height=\"486\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-1024x486.png\" class=\"attachment-large size-large wp-post-image\" alt=\"Edelweiss Financial Services NCD IPO\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-1024x486.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-300x142.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-768x364.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-1536x728.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-2048x971.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/edelweiss-financial-services-limited-ncd-ipo-4\/\">Edelweiss Financial Services Limited NCD IPO<\/a><time datetime=\"2026-09-18T17:04:11+05:30\" class=\"wp-block-latest-posts__post-date\">September 18, 2026<\/time><\/li>\n<\/ul>\n\n\n<h2 class=\"wp-block-heading\"><strong>How to Invest in Muthoot Fincorp NCD IPO via GoldenPi<\/strong><\/h2>\n\n\n\n<p>Investing in Bond IPOs is now seamless. Follow these easy steps:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Log in to <a href=\"https:\/\/goldenpi.com\/\">GoldenPi<\/a>.<\/li>\n\n\n\n<li>Look for the Search option and type Muthoot Fincorp<\/li>\n\n\n\n<li>Select Muthoot Fincorp NCD IPO&nbsp;<\/li>\n\n\n\n<li>Choose your series and apply via UPI.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18164349\/image-9-1536x556.png\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Financial Overview <\/strong><strong>of Muthoot Fincorp Limited:<\/strong><\/h2>\n\n\n\n<p>A deep dive into the company\u2019s balance sheet reveals a consistent growth trajectory in revenue and net worth.<\/p>\n\n\n\n<style>\n  .chart-card {\n    max-width: 900px;\n    margin: 32px auto;\n    padding: 28px;\n    background: #ffffff;\n    border: 1px solid #dce5f2;\n    border-radius: 14px;\n    box-shadow: 0 6px 24px rgba(25, 56, 109, 0.08);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n    box-sizing: border-box;\n  }\n\n  .chart-title {\n    margin: 0 0 32px 0;\n    color: #1a202c;\n    font-size: 20px;\n    font-weight: 700;\n  }\n\n  \/* Grid for Metric Groups *\/\n  .v-chart-grid {\n    display: grid;\n    grid-template-columns: repeat(4, 1fr);\n    gap: 20px;\n    margin-bottom: 28px;\n  }\n\n  .v-metric-group {\n    background: #f8fafc;\n    border: 1px solid #e2e8f0;\n    border-radius: 10px;\n    padding: 16px 12px;\n    display: flex;\n    flex-direction: column;\n    align-items: center;\n  }\n\n  .v-group-title {\n    font-size: 15px;\n    font-weight: 700;\n    color: #2d3748;\n    text-align: center;\n    margin-bottom: 20px;\n    width: 100%;\n    padding-bottom: 8px;\n    border-bottom: 2px solid #e2e8f0;\n  }\n\n  \/* Vertical Bars Stage *\/\n  .v-bars-stage {\n    display: flex;\n    justify-content: space-around;\n    align-items: flex-end;\n    height: 220px;\n    width: 100%;\n    padding-top: 24px;\n    box-sizing: border-box;\n  }\n\n  .v-bar-column {\n    display: flex;\n    flex-direction: column;\n    align-items: center;\n    height: 100%;\n    justify-content: flex-end;\n    width: 20%;\n  }\n\n  .v-val-label {\n    font-size: 12px;\n    font-weight: 700;\n    margin-bottom: 6px;\n    white-space: nowrap;\n  }\n\n  .v-bar-track {\n    width: 100%;\n    max-width: 28px;\n    height: 100%;\n    display: flex;\n    align-items: flex-end;\n    background: #edf2f7;\n    border-radius: 4px 4px 0 0;\n    overflow: hidden;\n  }\n\n  .v-bar-fill {\n    width: 100%;\n    border-radius: 4px 4px 0 0;\n    transition: height 0.3s ease;\n  }\n\n  .v-year-label {\n    font-size: 11px;\n    font-weight: 600;\n    color: #718096;\n    margin-top: 8px;\n  }\n\n  \/* Year Theme Colors *\/\n  .fy23 { color: #1a5276; }\n  .fy23-bg { background-color: #1a5276; }\n\n  .fy24 { color: #e56b24; }\n  .fy24-bg { background-color: #e56b24; }\n\n  .fy25 { color: #1e7127; }\n  .fy25-bg { background-color: #1e7127; }\n\n  .fy26 { color: #0e98cf; }\n  .fy26-bg { background-color: #0e98cf; }\n\n  \/* Legend *\/\n  .chart-legend {\n    display: flex;\n    justify-content: center;\n    gap: 24px;\n    padding-top: 16px;\n    border-top: 1px solid #edf2f7;\n    flex-wrap: wrap;\n  }\n\n  .legend-item {\n    display: flex;\n    align-items: center;\n    gap: 8px;\n    font-size: 14px;\n    font-weight: 600;\n    color: #2d3748;\n  }\n\n  .legend-swatch {\n    width: 14px;\n    height: 14px;\n    border-radius: 3px;\n  }\n\n  @media (max-width: 768px) {\n    .v-chart-grid {\n      grid-template-columns: repeat(2, 1fr);\n    }\n  }\n\n  @media (max-width: 480px) {\n    .v-chart-grid {\n      grid-template-columns: 1fr;\n    }\n  }\n<\/style>\n\n<div class=\"chart-card\">\n  <h3 class=\"chart-title\">Snapshot stating the Revenue, Expenses, PAT and Net-worth (In crores):<\/h3>\n\n  <div class=\"v-chart-grid\">\n    \n    <!-- Revenue -->\n    <div class=\"v-metric-group\">\n      <div class=\"v-group-title\">Revenue<\/div>\n      <div class=\"v-bars-stage\">\n        \n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy23\">3491<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy23-bg\" style=\"height: 42%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY23<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy24\">4016<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy24-bg\" style=\"height: 48%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY24<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy25\">5551<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy25-bg\" style=\"height: 66%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY25<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy26\">8364<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy26-bg\" style=\"height: 100%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY26<\/span>\n        <\/div>\n\n      <\/div>\n    <\/div>\n\n    <!-- Expenses -->\n    <div class=\"v-metric-group\">\n      <div class=\"v-group-title\">Expenses<\/div>\n      <div class=\"v-bars-stage\">\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy23\">2869<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy23-bg\" style=\"height: 46%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY23<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy24\">3229<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy24-bg\" style=\"height: 52%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY24<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy25\">4505<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy25-bg\" style=\"height: 73%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY25<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy26\">6182<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy26-bg\" style=\"height: 100%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY26<\/span>\n        <\/div>\n\n      <\/div>\n    <\/div>\n\n    <!-- PAT -->\n    <div class=\"v-metric-group\">\n      <div class=\"v-group-title\">PAT<\/div>\n      <div class=\"v-bars-stage\">\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy23\">460<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy23-bg\" style=\"height: 28%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY23<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy24\">563<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy24-bg\" style=\"height: 34%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY24<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy25\">787<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy25-bg\" style=\"height: 48%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY25<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy26\">1640<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy26-bg\" style=\"height: 100%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY26<\/span>\n        <\/div>\n\n      <\/div>\n    <\/div>\n\n    <!-- Net Worth -->\n    <div class=\"v-metric-group\">\n      <div class=\"v-group-title\">Net Worth<\/div>\n      <div class=\"v-bars-stage\">\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy23\">3893<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy23-bg\" style=\"height: 62%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY23<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy24\">4276<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy24-bg\" style=\"height: 68%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY24<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy25\">4506<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy25-bg\" style=\"height: 72%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY25<\/span>\n        <\/div>\n\n        <div class=\"v-bar-column\">\n          <span class=\"v-val-label fy26\">6267<\/span>\n          <div class=\"v-bar-track\"><div class=\"v-bar-fill fy26-bg\" style=\"height: 100%;\"><\/div><\/div>\n          <span class=\"v-year-label\">FY26<\/span>\n        <\/div>\n\n      <\/div>\n    <\/div>\n\n  <\/div>\n\n  <!-- Legend -->\n  <div class=\"chart-legend\">\n    <div class=\"legend-item\"><span class=\"legend-swatch fy23-bg\"><\/span> FY23<\/div>\n    <div class=\"legend-item\"><span class=\"legend-swatch fy24-bg\"><\/span> FY24<\/div>\n    <div class=\"legend-item\"><span class=\"legend-swatch fy25-bg\"><\/span> FY25<\/div>\n    <div class=\"legend-item\"><span class=\"legend-swatch fy26-bg\"><\/span> FY26<\/div>\n  <\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Recent Muthoot NCD IPOs:<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 has-dates wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/\" aria-label=\"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Muthoot Fincorp Limited NCD IPO Oct 2026\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/\">Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details<\/a><time datetime=\"2026-10-23T17:52:56+05:30\" class=\"wp-block-latest-posts__post-date\">October 23, 2026<\/time><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-limited-ncd-ipo-tranche-5-september-2026\/\" aria-label=\"Muthoot Fincorp Limited NCD IPO September 2026: Should You Invest? Interest Rates, Review, Dates &amp; Credit Rating\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Muthoot Fincorp Limited NCD IPO (1)\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-limited-ncd-ipo-tranche-5-september-2026\/\">Muthoot Fincorp Limited NCD IPO September 2026: Should You Invest? Interest Rates, Review, Dates &amp; Credit Rating<\/a><time datetime=\"2026-09-07T17:28:07+05:30\" class=\"wp-block-latest-posts__post-date\">September 7, 2026<\/time><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-limited-ncd-ipo-4\/\" aria-label=\"Muthoot Fincorp NCD IPO: Issue Details, Returns, and Risks\"><img decoding=\"async\" width=\"1024\" height=\"486\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/06\/23124646\/blog-banner-1-1024x486.png\" class=\"attachment-large size-large wp-post-image\" alt=\"\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/06\/23124646\/blog-banner-1-1024x486.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/06\/23124646\/blog-banner-1-300x142.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/06\/23124646\/blog-banner-1-768x364.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/06\/23124646\/blog-banner-1.png 1160w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-limited-ncd-ipo-4\/\">Muthoot Fincorp NCD IPO: Issue Details, Returns, and Risks<\/a><time datetime=\"2026-06-19T12:19:21+05:30\" class=\"wp-block-latest-posts__post-date\">June 19, 2026<\/time><\/li>\n<\/ul>\n\n\n<h3 class=\"wp-block-heading\"><strong>Cash Flow Analysis (In crore)<\/strong><strong>:<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23161137\/image-5-1024x559.png\" alt=\"\" class=\"wp-image-16753\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23161137\/image-5-1024x559.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23161137\/image-5-300x164.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23161137\/image-5-768x419.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23161137\/image-5-1536x838.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23161137\/image-5.png 1865w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cash flow from operating activities reflects the amount a company generates through its product of services.<\/li>\n\n\n\n<li>Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.<\/li>\n\n\n\n<li>Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects the net flows of cash that are used to fund the company.<\/li>\n<\/ul>\n\n\n\n<style>\n  .ratio-table-wrap {\n    width: 100%;\n    max-width: 1100px;\n    margin: 32px auto;\n    background: #ffffff;\n    border: 1px solid #e0d5c1;\n    border-radius: 12px;\n    overflow: hidden;\n    box-shadow: 0 6px 20px rgba(184, 134, 11, 0.08);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n    box-sizing: border-box;\n  }\n\n  .ratio-table-header {\n    background: #ffffff;\n    padding: 20px 24px 10px;\n  }\n\n  .ratio-table-header h2 {\n    margin: 0;\n    color: #2c2c2c;\n    font-size: 22px;\n    font-weight: 700;\n  }\n\n  .ratio-table-container {\n    width: 100%;\n    overflow-x: auto;\n    padding: 0 16px 20px;\n    box-sizing: border-box;\n  }\n\n  .ratio-table {\n    width: 100%;\n    min-width: 850px; \/* Prevents narrow squeeze on small viewports *\/\n    border-collapse: collapse;\n    margin: 0;\n    table-layout: fixed; \/* Enforces proportional column widths *\/\n  }\n\n  .ratio-table th {\n    background: #d89b4e;\n    color: #ffffff;\n    font-size: 13px;\n    font-weight: 700;\n    text-transform: uppercase;\n    letter-spacing: 0.5px;\n    padding: 14px 12px;\n    text-align: left;\n    vertical-align: middle;\n    box-sizing: border-box;\n  }\n\n  .ratio-table th.th-light {\n    background: #f7f5f0;\n    color: #4a4a4a;\n  }\n\n  .ratio-table td {\n    padding: 16px 12px;\n    font-size: 13px;\n    line-height: 1.5;\n    color: #2c2c2c;\n    vertical-align: middle;\n    word-wrap: break-word;\n    box-sizing: border-box;\n  }\n\n  \/* Specific Column Widths to Fix Row Height Issue *\/\n  .col-ratio { width: 12%; }\n  .col-meaning { width: 26%; }\n  .col-benchmark { width: 13%; }\n  .col-trend { width: 17%; }\n  .col-analysis { width: 22%; }\n  .col-assessment { width: 10%; }\n\n  .ratio-table tr {\n    border-bottom: 1px solid #ede8de;\n  }\n\n  .ratio-table tr:nth-child(even) {\n    background-color: #fcfbf9;\n  }\n\n  .ratio-table tr:last-child {\n    border-bottom: none;\n  }\n\n  .ratio-name {\n    font-weight: 700;\n    color: #2c2c2c;\n  }\n\n  .ratio-benchmark {\n    font-weight: 600;\n    color: #333333;\n  }\n\n  \/* Micro Chart Visualization *\/\n  .ratio-chart-box {\n    background: #ffffff;\n    border: 1px solid #e8e3d9;\n    border-radius: 6px;\n    padding: 8px;\n    text-align: center;\n    width: 100%;\n    box-sizing: border-box;\n  }\n\n  .ratio-chart-title {\n    font-size: 10px;\n    font-weight: 700;\n    color: #555;\n    margin-bottom: 6px;\n  }\n\n  .ratio-bars {\n    display: flex;\n    justify-content: space-around;\n    align-items: flex-end;\n    height: 45px;\n    gap: 4px;\n    padding-top: 10px;\n  }\n\n  .ratio-bar-col {\n    display: flex;\n    flex-direction: column;\n    align-items: center;\n    width: 30%;\n    height: 100%;\n    justify-content: flex-end;\n  }\n\n  .ratio-bar-val {\n    font-size: 8.5px;\n    font-weight: 700;\n    color: #333;\n    margin-bottom: 2px;\n  }\n\n  .ratio-bar-track {\n    width: 100%;\n    max-width: 18px;\n    height: 100%;\n    display: flex;\n    align-items: flex-end;\n    background: #f0ede6;\n    border-radius: 2px 2px 0 0;\n  }\n\n  .ratio-bar-fill {\n    width: 100%;\n    background: #175d71;\n    border-radius: 2px 2px 0 0;\n  }\n\n  .ratio-bar-lbl {\n    font-size: 8px;\n    color: #777;\n    margin-top: 3px;\n  }\n\n  .assessment-badge {\n    display: inline-block;\n    padding: 6px 12px;\n    background: #eaf5ea;\n    color: #2e7d32;\n    border: 1px solid #c8e6c9;\n    border-radius: 6px;\n    font-size: 12px;\n    font-weight: 700;\n    letter-spacing: 0.5px;\n  }\n<\/style>\n\n<div class=\"ratio-table-wrap\">\n\n  <div class=\"ratio-table-header\">\n    <h2>Ratio Analysis:<\/h2>\n  <\/div>\n\n  <div class=\"ratio-table-container\">\n    <div class=\"pcrstb-wrap\"><table class=\"ratio-table\">\n      <thead>\n        <tr>\n          <th class=\"col-ratio\">Ratio<\/th>\n          <th class=\"col-meaning th-light\">What Does It Mean<\/th>\n          <th class=\"col-benchmark\">Benchmark<\/th>\n          <th class=\"col-trend th-light\" style=\"text-align: center;\">Trend<\/th>\n          <th class=\"col-analysis\">Analysis<\/th>\n          <th class=\"col-assessment th-light\" style=\"text-align: center;\">Assessment<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n\n        <!-- Row 1: Net NPA -->\n        <tr>\n          <td class=\"ratio-name\">Net NPA<\/td>\n          <td>\n            Net NPA is the subtraction of provisions related to unpaid debt from GNPA. This gives the exact value of bad loans. It is a better indicator of NBFCs&#8217; health.\n          <\/td>\n          <td class=\"ratio-benchmark\">Maximum 6%<\/td>\n          <td>\n            <div class=\"ratio-chart-box\">\n              <div class=\"ratio-chart-title\">Net NPA<\/div>\n              <div class=\"ratio-bars\">\n                <div class=\"ratio-bar-col\">\n                  <span class=\"ratio-bar-val\">0.89%<\/span>\n                  <div class=\"ratio-bar-track\"><div class=\"ratio-bar-fill\" style=\"height: 69%;\"><\/div><\/div>\n                  <span class=\"ratio-bar-lbl\">FY24<\/span>\n                <\/div>\n                <div class=\"ratio-bar-col\">\n                  <span class=\"ratio-bar-val\">1.28%<\/span>\n                  <div class=\"ratio-bar-track\"><div class=\"ratio-bar-fill\" style=\"height: 100%;\"><\/div><\/div>\n                  <span class=\"ratio-bar-lbl\">FY25<\/span>\n                <\/div>\n                <div class=\"ratio-bar-col\">\n                  <span class=\"ratio-bar-val\">0.87%<\/span>\n                  <div class=\"ratio-bar-track\"><div class=\"ratio-bar-fill\" style=\"height: 68%;\"><\/div><\/div>\n                  <span class=\"ratio-bar-lbl\">FY26<\/span>\n                <\/div>\n              <\/div>\n            <\/div>\n          <\/td>\n          <td>\n            The decrease in this ratio between FY25 and FY26 represents a favorable trend. Furthermore, since the ratio continues to stay within the limits established by the RBI, it indicates the NBFC maintains a healthy financial position.\n          <\/td>\n          <td style=\"text-align: center;\">\n            <span class=\"assessment-badge\">GOOD<\/span>\n          <\/td>\n        <\/tr>\n\n        <!-- Row 2: Capital Adequacy Ratio -->\n        <tr>\n          <td class=\"ratio-name\">Capital Adequacy Ratio<\/td>\n          <td>\n            Capital Adequacy Ratio (CAR) is a measure of the degree to which the company&#8217;s capital is available to absorb unexpected loss.\n          <\/td>\n          <td class=\"ratio-benchmark\">Minimum 15%<\/td>\n          <td>\n            <div class=\"ratio-chart-box\">\n              <div class=\"ratio-chart-title\">Capital Adequacy Ratio (CAR)<\/div>\n              <div class=\"ratio-bars\">\n                <div class=\"ratio-bar-col\">\n                  <span class=\"ratio-bar-val\">20.61%<\/span>\n                  <div class=\"ratio-bar-track\"><div class=\"ratio-bar-fill\" style=\"height: 100%;\"><\/div><\/div>\n                  <span class=\"ratio-bar-lbl\">FY24<\/span>\n                <\/div>\n                <div class=\"ratio-bar-col\">\n                  <span class=\"ratio-bar-val\">19.50%<\/span>\n                  <div class=\"ratio-bar-track\"><div class=\"ratio-bar-fill\" style=\"height: 94%;\"><\/div><\/div>\n                  <span class=\"ratio-bar-lbl\">FY25<\/span>\n                <\/div>\n                <div class=\"ratio-bar-col\">\n                  <span class=\"ratio-bar-val\">18.00%<\/span>\n                  <div class=\"ratio-bar-track\"><div class=\"ratio-bar-fill\" style=\"height: 87%;\"><\/div><\/div>\n                  <span class=\"ratio-bar-lbl\">FY26<\/span>\n                <\/div>\n              <\/div>\n            <\/div>\n          <\/td>\n          <td>\n            The ratio has been decreasing over the years but matches the benchmark criteria of RBI. This represents that the NBFC might be able to meet its unexpected losses through its available capital.\n          <\/td>\n          <td style=\"text-align: center;\">\n            <span class=\"assessment-badge\">GOOD<\/span>\n          <\/td>\n        <\/tr>\n\n        <!-- Row 3: Debt to Equity Ratio -->\n        <tr>\n          <td class=\"ratio-name\">Debt to Equity ratio<\/td>\n          <td>\n            Debt-to-Equity ratio reflects the risk appetite of the company. This is a very important leverage ratio. It reflects the ability of a company to make payments associated with overall debt.\n          <\/td>\n          <td class=\"ratio-benchmark\">Not more than 7:1<\/td>\n          <td>\n            <div class=\"ratio-chart-box\">\n              <div class=\"ratio-chart-title\">Debt-Equity Ratio<\/div>\n              <div class=\"ratio-bars\">\n                <div class=\"ratio-bar-col\">\n                  <span class=\"ratio-bar-val\">4.89<\/span>\n                  <div class=\"ratio-bar-track\"><div class=\"ratio-bar-fill\" style=\"height: 74%;\"><\/div><\/div>\n                  <span class=\"ratio-bar-lbl\">FY24<\/span>\n                <\/div>\n                <div class=\"ratio-bar-col\">\n                  <span class=\"ratio-bar-val\">5.88<\/span>\n                  <div class=\"ratio-bar-track\"><div class=\"ratio-bar-fill\" style=\"height: 89%;\"><\/div><\/div>\n                  <span class=\"ratio-bar-lbl\">FY25<\/span>\n                <\/div>\n                <div class=\"ratio-bar-col\">\n                  <span class=\"ratio-bar-val\">6.61<\/span>\n                  <div class=\"ratio-bar-track\"><div class=\"ratio-bar-fill\" style=\"height: 100%;\"><\/div><\/div>\n                  <span class=\"ratio-bar-lbl\">FY26<\/span>\n                <\/div>\n              <\/div>\n            <\/div>\n          <\/td>\n          <td>\n            The ratio has been increasing over the years. This could be due to more funding needs as they are expanding their branches. The ratio falls under the benchmark criteria, representing that the NBFC might be able to meet its debt obligations with equity when earnings are low.\n          <\/td>\n          <td style=\"text-align: center;\">\n            <span class=\"assessment-badge\">GOOD<\/span>\n          <\/td>\n        <\/tr>\n\n      <\/tbody>\n    <\/table><\/div>\n  <\/div>\n\n<\/div>\n\n\n\n<style>\n  .ncd-interactive-card {\n    max-width: 900px;\n    margin: 32px auto;\n    padding: 32px 28px;\n    background: #ffffff;\n    border: 1px solid #dce5f2;\n    border-radius: 14px;\n    box-shadow: 0 6px 24px rgba(25, 56, 109, 0.08);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n    box-sizing: border-box;\n  }\n\n  .ncd-interactive-title {\n    margin: 0 0 8px 0;\n    color: #19386d;\n    font-size: 22px;\n    font-weight: 700;\n    text-align: center;\n  }\n\n  .ncd-interactive-subtitle {\n    margin: 0 0 24px 0;\n    color: #6b7280;\n    font-size: 14px;\n    text-align: center;\n  }\n\n  \/* Two Column Layout *\/\n  .ncd-grid {\n    display: grid;\n    grid-template-columns: 1fr 1fr;\n    gap: 24px;\n  }\n\n  .ncd-col {\n    display: flex;\n    flex-direction: column;\n    gap: 12px;\n  }\n\n  .ncd-col-header {\n    display: flex;\n    align-items: center;\n    gap: 8px;\n    font-size: 18px;\n    font-weight: 700;\n    padding-bottom: 8px;\n    border-bottom: 2px solid;\n    margin-bottom: 4px;\n  }\n\n  .ncd-col-header.pros {\n    color: #18794e;\n    border-color: #18794e;\n  }\n\n  .ncd-col-header.cons {\n    color: #cf2e2e;\n    border-color: #cf2e2e;\n  }\n\n  \/* Interactive Cards (Accordion Style) *\/\n  .ncd-item {\n    border-radius: 10px;\n    transition: all 0.2s ease-in-out;\n    overflow: hidden;\n  }\n\n  .ncd-item.pro-item {\n    background: #f4faf6;\n    border: 1px solid #ccebdd;\n  }\n\n  .ncd-item.pro-item:hover {\n    background: #e8f5ee;\n    border-color: #a3dec0;\n    box-shadow: 0 4px 12px rgba(24, 121, 78, 0.08);\n    transform: translateY(-1px);\n  }\n\n  .ncd-item.con-item {\n    background: #fdf5f5;\n    border: 1px solid #f7cfcf;\n  }\n\n  .ncd-item.con-item:hover {\n    background: #fbeaea;\n    border-color: #f1adad;\n    box-shadow: 0 4px 12px rgba(207, 46, 46, 0.08);\n    transform: translateY(-1px);\n  }\n\n  \/* Custom details summary styling *\/\n  .ncd-item details summary {\n    padding: 14px 16px;\n    font-size: 14px;\n    font-weight: 600;\n    cursor: pointer;\n    list-style: none;\n    display: flex;\n    justify-content: space-between;\n    align-items: center;\n    user-select: none;\n  }\n\n  .ncd-item details summary::-webkit-details-marker {\n    display: none;\n  }\n\n  .pro-item summary {\n    color: #114b31;\n  }\n\n  .con-item summary {\n    color: #8c1c1c;\n  }\n\n  .ncd-icon {\n    font-size: 16px;\n    font-weight: 700;\n    transition: transform 0.2s ease;\n    display: inline-block;\n  }\n\n  .ncd-item details[open] .ncd-icon {\n    transform: rotate(180deg);\n  }\n\n  .ncd-content {\n    padding: 0 16px 14px 16px;\n    font-size: 13.5px;\n    line-height: 1.5;\n    color: #374151;\n    border-top: 1px dashed transparent;\n  }\n\n  .pro-item .ncd-content {\n    border-color: #ccebdd;\n  }\n\n  .con-item .ncd-content {\n    border-color: #f7cfcf;\n  }\n\n  @media (max-width: 768px) {\n    .ncd-grid {\n      grid-template-columns: 1fr;\n    }\n  }\n<\/style>\n\n<div class=\"ncd-interactive-card\">\n  <h2 class=\"ncd-interactive-title\">Should You Invest? Pros &amp; Cons of Muthoot Fincorp NCD<\/h2>\n  <p class=\"ncd-interactive-subtitle\">Click on any point to view detailed analysis<\/p>\n\n  <div class=\"ncd-grid\">\n    \n    <!-- PROS COLUMN -->\n    <div class=\"ncd-col\">\n      <div class=\"ncd-col-header pros\">\n        <span>\u2713<\/span>\n        <span>Pros<\/span>\n      <\/div>\n\n      <div class=\"ncd-item pro-item\">\n        <details open>\n          <summary>\n            <span>Robust Credit Profile<\/span>\n            <span class=\"ncd-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"ncd-content\">\n            The NCDs are rated AA\/Stable by CRISIL and AA+\/Stable by BWR, reflecting a low risk of default and a high level of safety.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"ncd-item pro-item\">\n        <details>\n          <summary>\n            <span>Positive Rating Momentum<\/span>\n            <span class=\"ncd-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"ncd-content\">\n            CRISIL recently upgraded the rating to AA\/Stable from AA-\/Positive showing increased confidence in their business.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"ncd-item pro-item\">\n        <details>\n          <summary>\n            <span>Asset Protection<\/span>\n            <span class=\"ncd-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"ncd-content\">\n            As senior secured NCDs, they offer enhanced protection for investors compared to unsecured alternatives.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"ncd-item pro-item\">\n        <details>\n          <summary>\n            <span>Security Cover<\/span>\n            <span class=\"ncd-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"ncd-content\">\n            The security cover required must be a minimum of 100% of the total of the outstanding principal balance of the NCDs and any accrued interest.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"ncd-item pro-item\">\n        <details>\n          <summary>\n            <span>Competitive Yields<\/span>\n            <span class=\"ncd-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"ncd-content\">\n            Offers attractive yields up to 9.25% compared to conventional bank FDs.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"ncd-item pro-item\">\n        <details>\n          <summary>\n            <span>Flexible Tenors &amp; Payouts<\/span>\n            <span class=\"ncd-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"ncd-content\">\n            Offers 24\/36\/60\/72 Months options with Monthly, Annual, or Cumulative interest payment payouts providing flexibility to investors.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"ncd-item pro-item\">\n        <details>\n          <summary>\n            <span>BSE Listed<\/span>\n            <span class=\"ncd-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"ncd-content\">\n            Provides secondary market liquidity options for early exits when needed.\n          <\/div>\n        <\/details>\n      <\/div>\n    <\/div>\n\n    <!-- CONS COLUMN -->\n    <div class=\"ncd-col\">\n      <div class=\"ncd-col-header cons\">\n        <span>\u2715<\/span>\n        <span>Cons<\/span>\n      <\/div>\n\n      <div class=\"ncd-item con-item\">\n        <details open>\n          <summary>\n            <span>Gold Loan Volatility Exposure<\/span>\n            <span class=\"ncd-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"ncd-content\">\n            A large portion (approx 88%) of business depends on gold loan pricing and demand cycles. Any adverse movement in collateral value could impact collections.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"ncd-item con-item\">\n        <details open>\n          <summary>\n            <span>Interest Rate Risk<\/span>\n            <span class=\"ncd-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"ncd-content\">\n            Interest rate fluctuation risks are more pronounced in longer tenors (60\u201372 months).\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"ncd-item con-item\">\n        <details open>\n          <summary>\n            <span>Structural Subordination &amp; Dilution<\/span>\n            <span class=\"ncd-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"ncd-content\">\n            These NCDs are \u201csubservient\u201d, meaning if the company fails, major secured creditors (like Banks) get paid first and you only get what\u2019s left over; additionally, you must share those remaining assets equally with all other NCD holders (Pari-Passu), which reduces your individual chance of being fully repaid in case company defaults.\n          <\/div>\n        <\/details>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About Muthoot Fincorp Limited: <\/strong><\/h2>\n\n\n\n<p>Muthoot Fincorp Ltd. (MFL), incorporated in 1997 and registered with the RBI, is a Kerala-based, non-deposit-taking NBFC. It <strong>primarily<\/strong> offers small-ticket &#8220;gold<strong> loans\u201d against household gold <\/strong>jewelry, a segment where it has <strong>over two decades<\/strong> of experience.<\/p>\n\n\n\n<p>Muthoot Fincorp Ltd., the flagship entity of the diversified Muthoot<strong> Pappachan Group <\/strong>(also known as <strong>Muthoot Blue Group<\/strong>), also provides secured and unsecured MSME lending. Beyond lending, the company offers mutual fund and insurance distribution and foreign exchange\/money transfer services and operates as a Category II Depository Participant (DP) of CDSL.&nbsp;<\/p>\n\n\n\n<p>Its three<strong> subsidiaries<\/strong> are Muthoot Housing Finance (affordable housing loans), Muthoot Microfin (micro credit to women entrepreneurs), and Muthoot Pappachan Technologies (IT services).&nbsp;<\/p>\n\n\n\n<p>&nbsp;As of June 30, 2026, its AUM (Asset Under Management) stood at \u20b973,445 Cr on a consolidated basis and \u20b956,185 Cr, on a standalone basis.<\/p>\n\n\n\n<p>MFL has a strong pan-India presence, operating approximately 3,845 branches (31st June, 2026) and 326 processing centres across 25 states\/UTs, with key presence in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, and Maharashtra.&nbsp;<\/p>\n\n\n\n<p>To support its next phase of growth and strengthen its capital base, the company&#8217;s Board of Directors has approved an Initial Public Offering (IPO) aimed at raising up to \u20b94,000 crore<\/p>\n\n\n\n<style>\n  .swot-container {\n    max-width: 900px;\n    margin: 32px auto;\n    padding: 32px 28px;\n    background: #ffffff;\n    border: 1px solid #dce5f2;\n    border-radius: 14px;\n    box-shadow: 0 6px 24px rgba(25, 56, 109, 0.08);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n    box-sizing: border-box;\n  }\n\n  .swot-header-title {\n    margin: 0 0 8px 0;\n    color: #19386d;\n    font-size: 22px;\n    font-weight: 700;\n    text-align: center;\n  }\n\n  .swot-header-subtitle {\n    margin: 0 0 28px 0;\n    color: #6b7280;\n    font-size: 14px;\n    text-align: center;\n  }\n\n  .swot-grid {\n    display: grid;\n    grid-template-columns: 1fr 1fr;\n    gap: 24px;\n  }\n\n  .swot-col {\n    display: flex;\n    flex-direction: column;\n    gap: 12px;\n  }\n\n  .swot-col-header {\n    display: flex;\n    align-items: center;\n    gap: 8px;\n    font-size: 18px;\n    font-weight: 700;\n    padding-bottom: 8px;\n    border-bottom: 2px solid;\n    margin-bottom: 4px;\n  }\n\n  .swot-col-header.strengths {\n    color: #18794e;\n    border-color: #18794e;\n  }\n\n  .swot-col-header.weaknesses {\n    color: #d97706;\n    border-color: #d97706;\n  }\n\n  \/* Interactive Cards *\/\n  .swot-item {\n    border-radius: 10px;\n    transition: all 0.2s ease-in-out;\n    overflow: hidden;\n  }\n\n  .swot-item.strength-item {\n    background: #f4faf6;\n    border: 1px solid #ccebdd;\n  }\n\n  .swot-item.strength-item:hover {\n    background: #e8f5ee;\n    border-color: #a3dec0;\n    box-shadow: 0 4px 12px rgba(24, 121, 78, 0.08);\n    transform: translateY(-1px);\n  }\n\n  .swot-item.weakness-item {\n    background: #fffbe8;\n    border: 1px solid #fef3c7;\n  }\n\n  .swot-item.weakness-item:hover {\n    background: #fef9c3;\n    border-color: #fde047;\n    box-shadow: 0 4px 12px rgba(217, 119, 6, 0.08);\n    transform: translateY(-1px);\n  }\n\n  \/* Custom Details & Summary Styling *\/\n  .swot-item details summary {\n    padding: 14px 16px;\n    font-size: 14px;\n    font-weight: 600;\n    cursor: pointer;\n    list-style: none;\n    display: flex;\n    justify-content: space-between;\n    align-items: center;\n    user-select: none;\n  }\n\n  .swot-item details summary::-webkit-details-marker {\n    display: none;\n  }\n\n  .strength-item summary {\n    color: #114b31;\n  }\n\n  .weakness-item summary {\n    color: #78350f;\n  }\n\n  .swot-icon {\n    font-size: 16px;\n    font-weight: 700;\n    transition: transform 0.2s ease;\n    display: inline-block;\n  }\n\n  .swot-item details[open] .swot-icon {\n    transform: rotate(180deg);\n  }\n\n  .swot-content {\n    padding: 0 16px 14px 16px;\n    font-size: 13.5px;\n    line-height: 1.5;\n    color: #374151;\n    border-top: 1px dashed transparent;\n  }\n\n  .strength-item .swot-content {\n    border-color: #ccebdd;\n  }\n\n  .weakness-item .swot-content {\n    border-color: #fef3c7;\n  }\n\n  @media (max-width: 768px) {\n    .swot-grid {\n      grid-template-columns: 1fr;\n    }\n  }\n<\/style>\n\n<div class=\"swot-container\">\n  <h2 class=\"swot-header-title\">Company Profile: Strengths &amp; Weaknesses<\/h2>\n  <p class=\"swot-header-subtitle\">Click on any section to view full operational analysis<\/p>\n\n  <div class=\"swot-grid\">\n    \n    <!-- STRENGTHS COLUMN -->\n    <div class=\"swot-col\">\n      <div class=\"swot-col-header strengths\">\n        <span>\u25b2<\/span>\n        <span>Strengths<\/span>\n      <\/div>\n\n      <div class=\"swot-item strength-item\">\n        <details open>\n          <summary>\n            <span>Experienced Management &amp; Strong Promoter Commitment<\/span>\n            <span class=\"swot-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"swot-content\">\n            Muthoot Fincorp is part of the Muthoot Pappachan (Blue) Group with 138+ years legacy, backed by promoters\u2019 deep, multi-decade expertise in gold loan and retail lending.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"swot-item strength-item\">\n        <details>\n          <summary>\n            <span>Predominantly Secured Retail Portfolio<\/span>\n            <span class=\"swot-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"swot-content\">\n            ~96% of AUM is secured, with ~88% backed by gold jewellery and ~8% through mortgages (home loans and LAP), supporting a low-risk, small-ticket retail lending model with strong collateral cover and high recoverability.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"swot-item strength-item\">\n        <details>\n          <summary>\n            <span>Adequate Capitalisation<\/span>\n            <span class=\"swot-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"swot-content\">\n            Net worth stood at \u20b96,267 Cr as of Mar \u201926, supported by strong internal accruals. Gearing is moderate at 6.61x, while a healthy CRAR of 18.00% (vs. RBI minimum requirement of 15%) provides adequate buffers to support growth and maintain financial stability.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"swot-item strength-item\">\n        <details>\n          <summary>\n            <span>AUM Growth<\/span>\n            <span class=\"swot-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"swot-content\">\n            AUM rose to \u20b946,193 Cr as of FY26 (vs \u20b926,031 Cr in FY25 &amp; \u20b921,712 Cr in FY24). The efficiency at the branch level also saw a significant boost, with AUM\/branch increasing to \u20b915.2 Cr in FY26 (vs \u20b99 Cr in FY25).\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"swot-item strength-item\">\n        <details>\n          <summary>\n            <span>Improving Profitability Profile<\/span>\n            <span class=\"swot-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"swot-content\">\n            PAT increased to \u20b91,640 Cr in FY26 (vs \u20b9787 Cr in FY25 &amp; \u20b9563 Cr in FY24), with Return on Managed Assets (RoMA) improving to 3.1% in FY26 (vs 2.3% in FY25 &amp; 2.1% in FY24), driven by strong core gold loan performance.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"swot-item strength-item\">\n        <details>\n          <summary>\n            <span>Healthy Asset Quality<\/span>\n            <span class=\"swot-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"swot-content\">\n            GNPA improved to 1.03% (Mar &#8217;26) vs 1.98% (Mar \u201925), reflecting strong collection efficiency and low delinquencies in the gold loan book.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"swot-item strength-item\">\n        <details>\n          <summary>\n            <span>Diversified Funding Profile<\/span>\n            <span class=\"swot-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"swot-content\">\n            Funding is well diversified, with access to a wide network of PSU Banks (SBI, PNB, BoB) and private banks (HDFC, Axis, IndusInd, Federal), alongside capital market instruments (NCDs, ECBs, Subdebt, CP), supporting funding stability and refinancing flexibility.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"swot-item strength-item\">\n        <details>\n          <summary>\n            <span>Strong Liquidity<\/span>\n            <span class=\"swot-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"swot-content\">\n            As of Mar \u20182026, Muthoot Fincorp had liquidity of \u20b92,534 Cr (\u20b91,981 Cr cash &amp; equivalents + \u20b9553 Cr undrawn CC\/WCDL), with positive ALM gaps in the up to 1-year bucket, comfortably covering near-term debt repayments of \u20b92,334 Cr over the next two months (June 2026 and July 2026).\n          <\/div>\n        <\/details>\n      <\/div>\n    <\/div>\n\n    <!-- WEAKNESSES COLUMN -->\n    <div class=\"swot-col\">\n      <div class=\"swot-col-header weaknesses\">\n        <span>\u25bc<\/span>\n        <span>Weaknesses<\/span>\n      <\/div>\n\n      <div class=\"swot-item weakness-item\">\n        <details open>\n          <summary>\n            <span>Regional Concentration Risk<\/span>\n            <span class=\"swot-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"swot-content\">\n            Around 55% of business comes from just five states (Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Maharashtra). This makes the company vulnerable to local economic issues, though this is an improvement from 70% in 2019.\n          <\/div>\n        <\/details>\n      <\/div>\n\n      <div class=\"swot-item weakness-item\">\n        <details open>\n          <summary>\n            <span>High Reliance on Gold Loan Segment<\/span>\n            <span class=\"swot-icon\">\u25be<\/span>\n          <\/summary>\n          <div class=\"swot-content\">\n            While gold loans are a strength, high business concentration limits diversification benefits and makes earnings sensitive to regulatory changes (RBI\u2019s LTV ratio) or sharp volatility in gold prices.\n          <\/div>\n        <\/details>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Invest Now:<\/strong> <a href=\"https:\/\/goldenpi.com\/bond-ipo-online\"><strong>Invest in Bond IPO online in just 5 minutes<\/strong><\/a><\/h4>\n\n\n\n<p><strong>Source:  Tranche I Prospectus October 19, 2026 and Annual Report FY26 &#8211;  <a rel=\"nofollow\" href=\"https:\/\/www.nuvama.com\/wp-content\/uploads\/2026\/10\/Muthoot-FinCorp-Limited-Tranche-I-Prospectus-dated-October-19-2026.pdf\">Check Now<\/a><\/strong><\/p>\n\n\n\n<p><strong>Disclaimer &#8211;<\/strong>The information is published as on date 23\/10\/2026 based on information available on Tranche I Prospectus October 19, 2026. The information may be subject to change in case of change in terms of prospectus or any other reason as the case may be. Contents which are exclusively for educational information\/knowledge sharing on capital market concepts and have no influence on the investment\/sale decisions of any investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Muthoot Fincorp NCD \u2013 Key Issue Details Senior Secured Redeemable Non-Convertible Debentures Issuer MUTHOOT FINCORP LIMITED Type of instrument Senior Secured Redeemable&hellip;<\/p>\n","protected":false},"author":4,"featured_media":16755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[113,152],"tags":[],"class_list":["post-16747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ncd-ipo","category-muthoot-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details<\/title>\n<meta name=\"description\" content=\"Explore the Muthoot Fincorp NCD IPO for October 2026, including interest rates, issue dates, minimum investment of \u20b910,000, credit rating, tenure and how to apply.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details\" \/>\n<meta property=\"og:description\" content=\"Explore the Muthoot Fincorp NCD IPO for October 2026, including interest rates, issue dates, minimum investment of \u20b910,000, credit rating, tenure and how to apply.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"GoldenPi | Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goldenpitech\" \/>\n<meta property=\"article:author\" content=\"goldenpitech\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-23T12:22:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-23T12:51:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GoldenPiTech\" \/>\n<meta name=\"twitter:site\" content=\"@GoldenPiTech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/\"},\"author\":{\"name\":\"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/person\\\/7b7afc706617dbf29357675946045722\"},\"headline\":\"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details\",\"datePublished\":\"2026-10-23T12:22:56+00:00\",\"dateModified\":\"2026-10-23T12:51:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/\"},\"wordCount\":1781,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/23165058\\\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg\",\"articleSection\":[\"NCD IPO\",\"Muthoot\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/\",\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/\",\"name\":\"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates & Details\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/23165058\\\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg\",\"datePublished\":\"2026-10-23T12:22:56+00:00\",\"dateModified\":\"2026-10-23T12:51:49+00:00\",\"description\":\"Explore the Muthoot Fincorp NCD IPO for October 2026, including interest rates, issue dates, minimum investment of \u20b910,000, credit rating, tenure and how to apply.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/#primaryimage\",\"url\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/23165058\\\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg\",\"contentUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/23165058\\\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg\",\"width\":1600,\"height\":900,\"caption\":\"Muthoot Fincorp Limited NCD IPO Oct 2026\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/muthoot-fincorp-ncd-ipo-oct-2026\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/\",\"name\":\"GoldenPi | Blogs\",\"description\":\"All about bonds online in India\",\"publisher\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#organization\",\"name\":\"GoldenPi Technology Pvt Ltd\",\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/08120536\\\/Logo-01-scaled.png\",\"contentUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/08120536\\\/Logo-01-scaled.png\",\"width\":2560,\"height\":750,\"caption\":\"GoldenPi Technology Pvt Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/goldenpitech\",\"https:\\\/\\\/x.com\\\/GoldenPiTech\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/goldenpi\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/person\\\/7b7afc706617dbf29357675946045722\",\"name\":\"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g\",\"caption\":\"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi\"},\"description\":\"With over 15 years of experience across fixed income and debt markets, he brings deep domain expertise along with a strong focus on investor education and transparency. An alumnus of IIT Kharagpur and IIM Calcutta, his views are personal and should not be considered investment advice.\",\"sameAs\":[\"goldenpitech\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/goldenpi\\\/\",\"https:\\\/\\\/x.com\\\/GoldenPiTech\"],\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/author\\\/goldenpi\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates & Details","description":"Explore the Muthoot Fincorp NCD IPO for October 2026, including interest rates, issue dates, minimum investment of \u20b910,000, credit rating, tenure and how to apply.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/","og_locale":"en_US","og_type":"article","og_title":"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates & Details","og_description":"Explore the Muthoot Fincorp NCD IPO for October 2026, including interest rates, issue dates, minimum investment of \u20b910,000, credit rating, tenure and how to apply.","og_url":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/","og_site_name":"GoldenPi | Blogs","article_publisher":"https:\/\/www.facebook.com\/goldenpitech","article_author":"goldenpitech","article_published_time":"2026-10-23T12:22:56+00:00","article_modified_time":"2026-10-23T12:51:49+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg","type":"image\/jpeg"}],"author":"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi","twitter_card":"summary_large_image","twitter_creator":"@GoldenPiTech","twitter_site":"@GoldenPiTech","twitter_misc":{"Written by":"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/#article","isPartOf":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/"},"author":{"name":"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/7b7afc706617dbf29357675946045722"},"headline":"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details","datePublished":"2026-10-23T12:22:56+00:00","dateModified":"2026-10-23T12:51:49+00:00","mainEntityOfPage":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/"},"wordCount":1781,"commentCount":0,"publisher":{"@id":"https:\/\/goldenpi.com\/blog\/#organization"},"image":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg","articleSection":["NCD IPO","Muthoot"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/","url":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/","name":"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates & Details","isPartOf":{"@id":"https:\/\/goldenpi.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/#primaryimage"},"image":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg","datePublished":"2026-10-23T12:22:56+00:00","dateModified":"2026-10-23T12:51:49+00:00","description":"Explore the Muthoot Fincorp NCD IPO for October 2026, including interest rates, issue dates, minimum investment of \u20b910,000, credit rating, tenure and how to apply.","breadcrumb":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/#primaryimage","url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg","contentUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/23165058\/Muthoot-Fincorp-Limited-NCD-IPO-Oct-2026.jpg","width":1600,"height":900,"caption":"Muthoot Fincorp Limited NCD IPO Oct 2026"},{"@type":"BreadcrumbList","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-ncd-ipo-oct-2026\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/goldenpi.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Muthoot Fincorp NCD IPO October 2026: Minimum Investment, Rates &amp; Details"}]},{"@type":"WebSite","@id":"https:\/\/goldenpi.com\/blog\/#website","url":"https:\/\/goldenpi.com\/blog\/","name":"GoldenPi | Blogs","description":"All about bonds online in India","publisher":{"@id":"https:\/\/goldenpi.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/goldenpi.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/goldenpi.com\/blog\/#organization","name":"GoldenPi Technology Pvt Ltd","url":"https:\/\/goldenpi.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08120536\/Logo-01-scaled.png","contentUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08120536\/Logo-01-scaled.png","width":2560,"height":750,"caption":"GoldenPi Technology Pvt Ltd"},"image":{"@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/goldenpitech","https:\/\/x.com\/GoldenPiTech","https:\/\/www.linkedin.com\/company\/goldenpi\/"]},{"@type":"Person","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/7b7afc706617dbf29357675946045722","name":"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g","caption":"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi"},"description":"With over 15 years of experience across fixed income and debt markets, he brings deep domain expertise along with a strong focus on investor education and transparency. An alumnus of IIT Kharagpur and IIM Calcutta, his views are personal and should not be considered investment advice.","sameAs":["goldenpitech","https:\/\/www.linkedin.com\/company\/goldenpi\/","https:\/\/x.com\/GoldenPiTech"],"url":"https:\/\/goldenpi.com\/blog\/author\/goldenpi\/"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/comments?post=16747"}],"version-history":[{"count":17,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16747\/revisions"}],"predecessor-version":[{"id":16782,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16747\/revisions\/16782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/media\/16755"}],"wp:attachment":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/media?parent=16747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/categories?post=16747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/tags?post=16747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}