Mahindra & Mahindra Financial Services Limited Coupon 7.75% | NBFC Retail Bond

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

7Y 4M 22Days

Payment Terms

Yearly

Highlights

Credit Rating

CARE AAA/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Ltd was founded in the year 1991 and it is headquartered in Mumbai. It is an NBFC specialized in vehicle finance. Its parent company is Mahindra & Mahindra an Indian MNC leading manufacturer of cars and tractors.

Financial services offered by Mahindra & Mahindra are the financing of passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment, and pre-owned vehicles and SME finance. SME finance includes project finance, equipment finance, working capital finance, and bill discounting services to SMEs.

It takes pride in setting up 1300 offices, serving more than 3 lakh customers, and employment to more than 35000 people. Mahindra & Mahindra FSLs AUM (Asset under Management) has been more than 65 thousand crores.

Total Annual Revenue

10,429Cr

Year of Inception

1991

Industry

NBFC Retail

Head Office

Mumbai

Type of Issuer

Corporate

Current MD/CEO

C B Bhave

Credit Rating / Outlook

AAA STABLE

CARE

AAA STABLE

IND

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 & Mahindra Financial Services Limited

Security Name

ISIN

Copy

INE774D07TM8

Face Value

₹ 10,00,000

Coupon Rate

7.75%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

5-Mar-2030

Clean Price

₹ 98.61

Dirty Price

Current Yield

Mode of Issue

Private Placement

Date of Issue

5-Mar-2020

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Registrar Details

Looking For More Information ?

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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: NA

This bond is
currently out of stock

Download Cashflow

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FAQs about Mahindra & Mahindra Financial Services Limited bonds

How to buy this Mahindra & Mahindra Financial Services Limited bond online?

You can invest in bonds online in under 5 minutes. To buy Mahindra & Mahindra Financial Services 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 Mahindra & Mahindra Financial Services Limited bond?

7.9872% is the current yield of this Mahindra & 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 & Mahindra Financial Services Limited bond is 7.9872%, 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 & Mahindra Financial Services Limited bond?

To redeem this Mahindra & 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 & Mahindra Financial Services Limited bond is generally simple and straightforward. Contact our support team for more information.

Is this Mahindra & Mahindra Financial Services Limited bond tax-free?

No, this Mahindra & 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 & Mahindra Financial Services Limited bond before the maturity date?

Yes, it is possible to sell this Mahindra & 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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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.

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Highlights

About Issuer

Mahindra & Mahindra Financial Services Limited

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this Mahindra & Mahindra Financial Services Limited bond online?

What is the yield of this Mahindra & Mahindra Financial Services Limited bond?

Is it safe to invest in bonds?

How to redeem this Mahindra & Mahindra Financial Services Limited bond?

Is this Mahindra & Mahindra Financial Services Limited bond tax-free?

Can I sell this Mahindra & Mahindra Financial Services Limited bond before the maturity date?

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