MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED

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Earn up to 13.04% p.a.

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

Earn up to 11.10% p.a

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Earn up to 13.04% p.a.

Invest Now

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

Earn up to 11.10% p.a

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Search for bonds, FD or IPO

Returns (YTM)

7.05%

Min. Investment

₹ 3,30,831.78

Remaining Tenure

11M

Payment Terms

Yearly

Highlights

Credit Rating

CARE AAA/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

1.84

Net NPA

Good

Benchmark: Lower than 3%

18.3

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

5.7

Debt to Equity Ratio

Good

Benchmark: Maximum 12 times

1.47

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

Mahindra Finance is a leading financial services provider catering to underserved customers in rural and semi-urban India. With assets under management exceeding 82,770 crores and a network of 1,386+ offices, the company serves over 10 million customers. Its diverse portfolio includes Vehicle Loans, SME Finance, Personal Loans, Housing Finance, Fixed Deposits, and Mutual Funds. As the only Indian NBFC listed on the Dow Jones Sustainability Index for Emerging Markets, Mahindra Finance is committed to sustainable growth and financial inclusion.

Total Annual Revenue

16,074.69Cr (FY -2025)

Year of Inception

1991

Industry

NBFC Retail

Head Office

MUMBAI

Type of Issuer

Corporate

Current MD/CEO

Mr. Raul Ignatius Rebello

Credit Rating / Outlook

AAA STABLE

CARE

Rating Rationale

Rating Date: 07-Oct-2025

AAA STABLE

IND

Rating Rationale

Rating Date: 25-Feb-2025

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 AAA credit rating are considered to have the highest degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry lowest 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

MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED

Security Name

9.3% MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED Secured Rated Listed NCD Maturity 18-Jan-2027

ISIN

Copy

INE774D07SW9

Face Value

₹ 1,000

Issued FV

₹ 1,000

Coupon Rate

9.3%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

18-Jan-2027

Clean Price

₹ 101.92

Dirty Price

₹ 110.28

Current Yield

9.1248%

Yield to Maturity

7.0496%

Mode of Issue

Public Placement

Date of Issue

18-Jan-2019

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Axis Trustee Services Limited

Axis Trustee Services Limited,The Ruby,2nd Floor,SW,29,Senapati Bapat Marg,Dadar West,Mumbai- 400 028

Registrar Details

KFIN TECHNOLOGIES PRIVATE LIMITED

Plot No. 17-24, Vittal rao Nagar,Madhapur,Hyderabad 500 081

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: KFIN TECHNOLOGIES PRIVATE LIMITED Plot No. 17-24, Vittal rao Nagar,Madhapur,Hyderabad 500 081

Units

Investment Amount

₹ 3,30,831.78

Total Returns

₹ 19,388.22

Total Receivable

₹ 3,50,220

Cashflow Timeline

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FAQs about MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED bonds

How to buy this MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy MAHINDRA AND MAHINDRA FINANCIAL SERVICES 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 MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED bond?

7.0496% is the current yield of this MAHINDRA AND MAHINDRA 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 MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED bond is 7.0496%, 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 MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED bond?

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

Is this MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED bond tax-free?

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

Yes, it is possible to sell this MAHINDRA AND MAHINDRA 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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Cashflow Timeline

Timeline	Total Receivable*	Net Receivable**
01 Apr , 2026	Interest ₹ 27,900	Interest ₹ 25,110
18 Jan , 2027	Interest + Principal ₹ 3,22,320 (Interest + 100% of Principal)	Interest + Principal ₹ 3,20,088 (Interest + 100% of Principal)

* The interest amount is paid as per total invested face value (₹ 300000) and annual coupon rate of 9.3%.

** 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.

Highlights

Company Financials

Ratio Analysis

About Issuer