BHANIX FINANCE AND INVESTMENT LIMITED Coupon 10% | NBFC Retail Bond

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

10M 16Days

Payment Terms

Quarterly

Highlights

Credit Rating

ICRA BBB/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

BHANIX FINANCE AND INVESTMENT LIMITED

Bhanix Finance and Investment Limited, also known as Bhanix, is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India under registration. The company was established on March 15, 1996, in accordance with the provisions of the Companies Act, of 1956. Bhanix is recognized as a prominent NBFC that specializes in providing short-term unsecured personal loans through its innovative technology platform called CASHe. CASHe is India's fastest loan-giving app designed specifically for young professionals with regular salaries.

They are offering a convenient and speedy process, prefer collateral-free terms, and value a reliable and trustworthy financial partner. Their mission is to address the existing market gap by offering innovative and flexible credit products tailored to the needs of young professionals. These products are delivered through a digital platform, ensuring efficiency and a customer-friendly experience.

Traditional financial institutions have often overlooked this customer segment due to their limited or non-existent credit history. However, CASHe aims to bridge this gap by utilizing its proprietary credit decision technology, known as the Social Loan Quotient. This technology enables Bhanix to evaluate creditworthiness beyond traditional credit ratings and provide access to credit under fair and sustainable conditions to the non-prime market segment.

Bhanix is committed to serving the financial needs of young professionals and strives to redefine the lending experience through its digital platform and customer-centric approach.

Total Annual Revenue

Rs 233 Cr (FY 2022)

Year of Inception

1996

Industry

NBFC Retail

Head Office

Mumbai

Type of Issuer

Corporate

Current MD/CEO

Mr. BALAKRISHNA RAO CHENNADI

Credit Rating / Outlook

BBB 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 BBB credit rating are considered to have a moderate to low degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry moderate to high credit risk, hence it is suitable for investors with high risk tolerance.
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

BHANIX FINANCE AND INVESTMENT LIMITED

Security Name

ISIN

Copy

INE08X507236

Face Value

₹ 1,00,000

Coupon Rate

10%

Coupon Type

FIXED

Payment Terms

Quarterly

Maturity Date

29-Apr-2024

Clean Price

₹ 98.65

Dirty Price

Current Yield

Yield to Maturity

12.4221%

Mode of Issue

Private Placement

Date of Issue

29-Mar-2023

Listed

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited

Registrar Details

Link Intime India Private Limited

C-13, Pannalal Silk Mills Compound LBS Marg Bhandup (W) Mumbai 400078

Looking For More Information ?

Request 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: Link Intime India Private Limited C-13, Pannalal Silk Mills Compound LBS Marg Bhandup (W) Mumbai 400078

This bond is
currently out of stock

Download Cashflow

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FAQs about BHANIX FINANCE AND INVESTMENT LIMITED bonds

How to buy this BHANIX FINANCE AND INVESTMENT LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy BHANIX FINANCE AND INVESTMENT LIMITED bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this BHANIX FINANCE AND INVESTMENT LIMITED bond?

12.4221% is the current yield of this BHANIX FINANCE AND INVESTMENT LIMITED bond. 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 BHANIX FINANCE AND INVESTMENT LIMITED bond is 12.4221%, 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 BHANIX FINANCE AND INVESTMENT LIMITED bond?

To redeem this BHANIX FINANCE AND INVESTMENT LIMITED bond, 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 BHANIX FINANCE AND INVESTMENT LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this BHANIX FINANCE AND INVESTMENT LIMITED bond tax-free?

No, this BHANIX FINANCE AND INVESTMENT LIMITED bond 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 BHANIX FINANCE AND INVESTMENT LIMITED bond before the maturity date?

Yes, it is possible to sell this BHANIX FINANCE AND INVESTMENT 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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Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.
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The information shown on the website should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products/services of GSPL or any product/services of its third-party client(s). The user should act and rely on the information/data shown on the website only after understanding all associated risk parameters. Any action/decision taken by the user on the basis of the information shown on this website shall be the sole responsibility of the user. Neither GSPL nor its directors, employees, associates, representatives, or agents shall be liable for any damages whether direct, indirect, special, or consequential including lost revenue or lost profits that may arise to the user from or in connection with the use of the information/data shown on this website.

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Highlights

About Issuer

BHANIX FINANCE AND INVESTMENT LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this BHANIX FINANCE AND INVESTMENT LIMITED bond online?

What is the yield of this BHANIX FINANCE AND INVESTMENT LIMITED bond?

Is it safe to invest in bonds?

How to redeem this BHANIX FINANCE AND INVESTMENT LIMITED bond?

Is this BHANIX FINANCE AND INVESTMENT LIMITED bond tax-free?

Can I sell this BHANIX FINANCE AND INVESTMENT LIMITED bond before the maturity date?

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