MUTHOOT FINCORP LIMITED

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Returns

10.5%

Min. Investment

₹ 10,182.83

Remaining Tenure

7Y 5M 7Days

Payment Terms

Monthly

Highlights

Credit Rating

CRISIL AA/STABLE

Seniority

SUBORDINATE

Security

Unsecured TIER II

Default History

Zero

Predominantly secured : ~96% of AUM is secured, with ~87% backed by gold jewellery and ~10% by mortgages (home loans and LAP), supporting a small-ticket, low-risk lending model with strong collateral cover and high recoverability.

Strong Financial Profile :** Healthy asset quality with Net NPA improving to 0.76% (Sep'25) from 1.28% (Mar'25), reflecting strong collection efficiency and low credit risk, supported by a robust capital base with **net worth of ~INR 5,384Cr, CRAR of 18.91%, and adequate capital buffers for future growth.

Improving profitability : PAT rose to INR 787Cr in FY25 from INR 563Cr in FY24, with RoMA improving to 2.3% from 2.1% in FY24, driven by strong core gold loan performance.

Company Financials

Revenue

Net Worth

PAT

Important disclaimer

Ratio Analysis

1.28

Net NPA

Good

Benchmark: Lower than 3%

19.5

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

Important disclaimer

About Issuer

Muthoot Fincorp Limited is a leading non-banking financial company (NBFC) in India and a flagship entity of the Muthoot Pappachan Group.

It primarily focuses on gold loans for the underserved and unbanked population. As of March 31, 2025, the company reported a standalone net worth of ~INR 2,843.76Cr and maintained a strong capital adequacy ratio of 23.71%. Its gold loan AUM stood at ~INR 28,509 crore, forming 55% of the group’s total AUM.

Muthoot Fincorp also has diversified exposure across microfinance (~INR 12,356Cr), vehicle finance (~INR 3,058Cr), and housing finance (~INR 2,557Cr), with operations spread across 3,600+ branches in India.

Total Annual Revenue

5550.52Cr (FY - 2025)

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

Rating Rationale

Rating Date: 15-Jun-2026

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

10.4% MUTHOOT FINCORP LIMITED UnSecured Rated Listed NCD Maturity 30-Dec-2033

ISIN

Copy

INE549K08590

Face Value

₹ 10,000

Issued FV

₹ 10,000

Coupon Rate

10.4%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

30-Dec-2033

Clean Price

₹ 101.91

Dirty Price

₹ 101.83

Current Yield

10.2047%

Yield to Maturity

10.5%

Mode of Issue

Private Placement

Date of Issue

20-Feb-2026

Listed

Yes

Instrument Type

Taxable

Security

Unsecured

Seniority

SUBORDINATE

Perpetual

Tier level

Trustee Details

Vardhaman Trusteeship Private Limited

Unit No. 412, The Capital, C-70 G Block, Bandra Kurla Complex, Bandra East, Audit Bhavan, Mumbai, Bandra, Maharashtra, India, 400051

Registrar Details

Integrated Registry Management Services Private Limited

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 121 to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: Integrated Registry Management Services Private Limited 2nd Floor Kences Towers No.1, Ramakrishna Street, North Usman Road Chennai 600017

Unit

Investment Amount

₹ 10,182.83

Total Returns

₹ 7,530.26

Total Receivable

₹ 17,713.1

Cashflow Timeline

Similar Bonds

FAQs about MUTHOOT FINCORP bonds

How to buy this MUTHOOT FINCORP bond online?

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

Login/signup at GoldenPi
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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 bond?

10.5% is the current yield of this MUTHOOT FINCORP 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 bond is 10.5%, 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 bond?

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

Is this MUTHOOT FINCORP bond tax-free?

No, this MUTHOOT FINCORP 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 bond before the maturity date?

Yes, it is possible to sell this MUTHOOT FINCORP 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

Need Help?

Talk to our Support Team for free. We will help you through your investment journey.

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Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities, municipal debt securities/securitised debt instruments are subject to credit risks, market risks and default risks including delay and/or default in payment. Read all the offer related documents carefully.
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Fixed Deposits are offered in the capacity of a distributor and all disputes with respect to distribution activity, would not have access to exchange investor redressal forum or arbitration mechanism.

Attention Investors - Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. Issued in the interest of Investors

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Risk Disclosure & Regulatory Information

Fixed returns do not mean guaranteed or assured returns. Investments in corporate debt securities, municipal debt securities, and securitised debt instruments carry credit risk, market risk, and default risk, including delay or default in payment. Please read all offer-related documents carefully before you invest.

The online bond platform goldenpi.com is owned by GoldenPi Securities Pvt Ltd (GSPL), an OBPP and debt broker registered with SEBI. GSPL is a wholly owned subsidiary of GoldenPi Technologies Pvt Ltd (GTPL).

SEBI Registration No.: INZ000310732 | BSE Member ID: 6809 | NSE Member ID: 90331

Compliance Officer: Ekta Sheth, Tel. No.: 080-45685666, Email ID: grievance-gspl@goldenpi.com (for any compliance & grievance related complaints)

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Abhijit Roy - Designated Director & CEO, Samir Baran Pratihar - Designated Director & CTO
Tel. No.: 080-45685666 | Email: contact-us@goldenpi.com

Cashflow Timeline

Timeline

Total Receivable*

Net Receivable**

2026

₹ 435.95

₹ 392.35

31 Aug	Interest ₹ 88.33	Interest ₹ 79.5
30 Sep	Interest ₹ 85.48	Interest ₹ 76.93
31 Oct	Interest ₹ 88.33	Interest ₹ 79.5
30 Nov	Interest ₹ 85.48	Interest ₹ 76.93
31 Dec	Interest ₹ 88.33	Interest ₹ 79.5

2027

₹ 1,040

₹ 936

2028

₹ 1,040

₹ 936

2029

₹ 1,040

₹ 936

2030

₹ 1,040

₹ 936

2031

₹ 1,040

₹ 936

2032

₹ 1,040

₹ 936

2033

₹ 11,037.15

₹ 10,933.44

* The interest amount is paid as per total invested face value (₹ 10000) and annual coupon rate of 10.4%.

** The net interest receivable is after 10% TDS for Indian Residents. However for NRI 30% TDS is deducted. The deducted TDS can be claimed while filing ITR.