EDELWEISS FINANCIAL SERVICES LIMITED Coupon 9.67% | Corporate Bond

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

Invest Now

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

4Y 8M 8Days

Payment Terms

Monthly

Highlights

Credit Rating

CRISIL A+/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

0.44

Operating Cash Flow to Equity Ratio

Good

Benchmark: Maximum 12 times

3.13

Interest Coverage Ratio

Good

Benchmark: Minimum 2

Important disclaimer

About Issuer

EDELWEISS FINANCIAL SERVICES LIMITED

Edelweiss Financial Services Limited(EFSL), also known as Edelweiss Group, is an investment and financial services company. The company has three business verticals they are,

Credit (Retail, Corporate)
Investment & Advisory (Wealth Management, Asset Management)
Insurance (Life, General)

EFSL was founded in 1995 by Rashesh Shah and Venkat Ramaswamy. It is headquartered in Mumbai, India. EFSL operates via 476 offices serving 1.2 million clients. In 1995 the company started with 12 employees and headcount has reached 11000. Rashesh Shah is leading the EFSL team as Chairman and CEO of the company.

The company has won numerous awards and recognitions; the recent ones are:

Top 25 Financial Innovations of India: Finnoviti Awards 2020
Best Customer-Centric Culture (Personal Wealth Advisory): 13th Edition of the Customer FEST Awards, 2020

Total Annual Revenue

7,3045.91 Cr (FY 2022)

Year of Inception

1995

Industry

Corporate

Head Office

Mumbai

Type of Issuer

Corporate

Current MD/CEO

Mr. Rashesh Shah

Credit Rating / Outlook

AA- NEGATIVE

CRISIL

AA- NEGATIVE

ACUITE

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.
Negative Outlook indicates a higher likelihood of a rating downgrade, signaling potential weaknesses or adverse events that could weaken the issuer's credit position.

Other Important Details & Disclosures

Issuer Name

EDELWEISS FINANCIAL SERVICES LIMITED

Security Name

ISIN

Copy

INE532F07EG9

Face Value

₹ 1,000

Coupon Rate

9.67%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

21-Jul-2028

Clean Price

₹ 99.02

Dirty Price

Current Yield

Yield to Maturity

10.3899%

Mode of Issue

Private Placement

Date of Issue

21-Jul-2023

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

BEACON TRUSTEESHIP LIMITED

4 C&D, Siddhivinayak Chambers, Gandhi Nagar, Opp. MIG Cricket Club Bandra (East), Mumbai 400 051

Registrar Details

KFIN TECHNOLOGIES LIMITED

Selenium Tower-B, Plot 31 & 32 Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana

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: KFIN TECHNOLOGIES LIMITED Selenium Tower-B, Plot 31 & 32 Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana

This bond is
currently out of stock

Download Cashflow

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FAQs about EDELWEISS FINANCIAL SERVICES LIMITED bonds

How to buy this EDELWEISS FINANCIAL SERVICES LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy EDELWEISS FINANCIAL SERVICES LIMITED bond online follow the steps below:

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What is the yield of this EDELWEISS FINANCIAL SERVICES LIMITED bond?

10.3899% is the current yield of this EDELWEISS FINANCIAL SERVICES 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 EDELWEISS FINANCIAL SERVICES LIMITED bond is 10.3899%, 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 EDELWEISS FINANCIAL SERVICES LIMITED bond?

To redeem this EDELWEISS FINANCIAL SERVICES 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 EDELWEISS FINANCIAL SERVICES LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this EDELWEISS FINANCIAL SERVICES LIMITED bond tax-free?

No, this EDELWEISS FINANCIAL SERVICES 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 EDELWEISS FINANCIAL SERVICES LIMITED bond before the maturity date?

Yes, it is possible to sell this EDELWEISS FINANCIAL SERVICES 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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Highlights

Company Financials

Ratio Analysis

About Issuer

EDELWEISS FINANCIAL SERVICES LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this EDELWEISS FINANCIAL SERVICES LIMITED bond online?

What is the yield of this EDELWEISS FINANCIAL SERVICES LIMITED bond?

Is it safe to invest in bonds?

How to redeem this EDELWEISS FINANCIAL SERVICES LIMITED bond?

Is this EDELWEISS FINANCIAL SERVICES LIMITED bond tax-free?

Can I sell this EDELWEISS FINANCIAL SERVICES LIMITED bond before the maturity date?

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