Muthoot Finance Limited Coupon 8% | Corporate Bond | IPO

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

9Y 10M 10Days

Payment Terms

Yearly

About Issuer

Muthoot Finance Limited

Muthoot Finance

Muthoot Finance was founded by M. George Muthoot in 1939 in Kerala, India. It is known as the largest gold financing company in the world. It also sells gold coins at its branches. Outside India, it has presence in the UK, the US and the United Arab Emirates. Its gold loan business constitutes more than 99% of its total income.

In addition to financing gold transactions, the company offers various services, such as:

Foreign exchange
Money transfers
Wealth management
Travel and tourism

Number of Branches: 4300

Headquarters: Kochi, Kerala

Number of Employees: 25,000

Number of Clients: 6 Million

Subsidiaries:

Muthoot HomeFin (India) Limited
Muthoot Insurance Brokers Private Limited
Belstar Investment and Finance Private Limited
Asia Asset Finance PLC

The Chairman is Mr. M.G. George Muthoot.

The Managing Director is Mr. George Alexander Muthoot.

Philanthropic initiatives of the company focus on Education, Environment, Health, Financial Assistance and Eco-Friendliness through the M. George Foundation.

Awards:

Indias Most Trusted Financial Services Brand according to Brand Trust Report (2016,2017)
SKOCH Financial Inclusion Award (2013)
Asian Sustainability Leadership Award for Best Rural Outreach (2012)

Total Annual Revenue

FY 18 - 6,177

Year of Inception

1939

Industry

Corporate

Head Office

Kochi

Type of Issuer

Corporate

Current MD/CEO

Credit Rating / Outlook

AA+ STABLE

ICRA

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AA credit rating are considered to have a high degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry very low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

Muthoot Finance Limited

Security Name

ISIN

Copy

Face Value

₹ 1,000

Coupon Rate

Coupon Type

FIXED

Payment Terms

Yearly

Clean Price

Dirty Price

Current Yield

Mode of Issue

Public Placement

Date of Issue

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Registrar Details

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: NA

This bond is
currently out of stock

Download Cashflow

FAQs about Muthoot Finance Limited bonds

How to buy this Muthoot Finance Limited IPO online?

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Pay online via payment gateway and receive bond units in your demat account

What is the yield of this Muthoot Finance Limited IPO?

8% is the current yield of this Muthoot Finance Limited IPO. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this Muthoot Finance Limited bond is 8%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this Muthoot Finance Limited IPO?

To redeem this Muthoot Finance Limited IPO, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this Muthoot Finance Limited bond is generally simple and straightforward. Contact our support team for more information.

Is this Muthoot Finance Limited IPO tax-free?

No, this Muthoot Finance Limited IPO is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this Muthoot Finance Limited IPO before the maturity date?

Yes, it is possible to sell this Muthoot Finance Limited bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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About Issuer

Muthoot Finance Limited

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this Muthoot Finance Limited IPO online?

What is the yield of this Muthoot Finance Limited IPO?

Is it safe to invest in bonds?

How to redeem this Muthoot Finance Limited IPO?

Is this Muthoot Finance Limited IPO tax-free?

Can I sell this Muthoot Finance Limited IPO before the maturity date?

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