MUTHOOT FINCORP LIMITED Coupon 10.05% | NBFC Retail Bond

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

5Y 6M 16Days

Payment Terms

Monthly

Highlights

Credit Rating

CRISIL AA-/STABLE

Seniority

SUBORDINATE

Security

Unsecured TIER II

Default History

Zero

Extensive Branch Network: Operates over 3,700 branches across India, enhancing customer reach.

Diversified Product Portfolio: Offers gold loans, two-wheeler finance, microfinance, housing finance, and small business loans.

Adequate Capitalization: Net worth stood at ₹4,264 crore as of June 30, 2023, with a capital adequacy ratio above regulatory requirements.

Improved Profitability: Achieved a net profit of ₹198.17 crore in Q2 FY2024, marking a 118.02% year-on-year increase.

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

0.65

Net NPA

Good

Benchmark: Lower than 3%

20.02

Capital Adequacy ratio

Good

Benchmark: Minimum 14%

2.94

Debt to Equity ratio

Good

Benchmark: Maximum 12 times

1.31

Interest Coverage ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

MUTHOOT FINCORP LIMITED

Muthoot FinCorp Limited is an NBFC. It is into providing Gold Loan, Auto Loan, Money Transfer, Foreign Exchange, Mutual Fund, Demat Services, and MSME Loans. It was founded in 1887. Its parent company is Muthoot Pappachan Group. Muthoot Pappachan Group is an Indian conglomerate founded by Ninan Mathai Muthoot.

Muthoot FinCorp Limited owns more than 3,600 branches. In the year 2020 the company announced total assets equivalent to Rs. 17,69,890.86 Lakhs. It serves more than 75,000 customers every day. Nearly 10,000 employees are working for MFL.Mr. Thomas John Muthoot is the Managing Director for Muthoot Pappachan Group.

The issuer is liable to deduct TDS @ 10% for Unlisted bonds.

Total Annual Revenue

2,726 Cr (FY 20)

Year of Inception

1997

Industry

NBFC Retail

Head Office

Trivandrum

Type of Issuer

Corporate

Current MD/CEO

Mr. Thomas John Muthoot

Credit Rating / Outlook

AA- STABLE

CRISIL

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 FINCORP LIMITED

Security Name

ISIN

Copy

INE549K08475

Face Value

₹ 1,00,000

Coupon Rate

10.05%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

31-Dec-2029

Clean Price

₹ 100.15

Dirty Price

Current Yield

Yield to Maturity

10.0406%

Mode of Issue

Private Placement

Date of Issue

1-Mar-2024

Listed

Yes

Instrument Type

Taxable

Security

Unsecured

Seniority

SUBORDINATE

Perpetual

Tier level

Trustee Details

Vardhaman Trusteeship Private Limited

Registrar Details

Integrated Enterprises (India) Ltd., Chennai

2nd Floor Kences Towers No.1, Ramakrishna Street, North Usman Road Chennai 600017

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: Integrated Enterprises (India) Ltd., Chennai 2nd Floor Kences Towers No.1, Ramakrishna Street, North Usman Road Chennai 600017

This bond is
currently out of stock

Download Cashflow

Similar Bonds

Bonds by Same Issuer

MUTHOOT FINCORP LIMITED

Min Investment

₹ 1,01,078.68

Returns

9.34%

Payout

Yearly

Credit Rating

AA-/CRISIL

FAQs about MUTHOOT FINCORP LIMITED bonds

How to buy this MUTHOOT FINCORP LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy MUTHOOT FINCORP LIMITED bond online follow the steps below:

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

What is the yield of this MUTHOOT FINCORP LIMITED bond?

0% is the current yield of this MUTHOOT FINCORP 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 MUTHOOT FINCORP LIMITED bond is 0%, 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 FINCORP LIMITED bond?

To redeem this MUTHOOT FINCORP 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 MUTHOOT FINCORP LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this MUTHOOT FINCORP LIMITED bond tax-free?

No, this MUTHOOT FINCORP 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 MUTHOOT FINCORP LIMITED bond before the maturity date?

Yes, it is possible to sell this MUTHOOT FINCORP 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

MUTHOOT FINCORP LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this MUTHOOT FINCORP LIMITED bond online?

What is the yield of this MUTHOOT FINCORP LIMITED bond?

Is it safe to invest in bonds?

How to redeem this MUTHOOT FINCORP LIMITED bond?

Is this MUTHOOT FINCORP LIMITED bond tax-free?

Can I sell this MUTHOOT FINCORP LIMITED bond before the maturity date?

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