Muthoot Microfin
Muthoot Microfin is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.5%.
Data as of 27 Oct 2026
How this yield compares
About this bond
Muthoot Microfin is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.5%. It pays a coupon of 9.8% and matures on 12 Sept 2027, a remaining tenure of about 11 mo. It is rated AA-, a high credit-safety grade. WintWealth lists this bond with a minimum investment of ₹5K.
Its 9.5% yield is solid for its risk band, sitting 222nd of 328 comparable Corporate bonds. That trails the Corporate median of 10.50% by 1.00 points, so the trade-off is lower yield for whatever else this issuer offers. Against a tenure-matched SBI fixed deposit (6.15%), it pays roughly 3.35 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 11 mo horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its very high safety (AA-) rating, that leans toward the safety-first end. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Muthoot Microfin (INE046W07339) at 9.85%, Muthoot Microfin (INE046W07396) at 9.6% and IIFL Samasta (INE413U08093) at 11.5%.
Bond details
What you keep after tax
Interest on a listed corporate bond is added to your income and taxed at your slab, so the 9.5% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 11 mo.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 9.50% | ₹1,08,273 |
| 5% slab | 9.03% | ₹1,07,862 |
| 20% slab | 7.60% | ₹1,06,626 |
| 30% slab | 6.65% | ₹1,05,801 |
At a 9.8% coupon, ₹1,00,000 of face value pays about ₹9,800 of interest a year, under the ₹10,000 Section 193 threshold, so no TDS is withheld.
Slab rates only - surcharge and cess are not included, and the figures assume you hold to maturity. Sold on the exchange after 12 months instead, the gain is taxed as long-term capital gains at 12.5%. Not tax advice.
Against a fixed deposit, in rupees
Same ₹1,00,000, same 0.9 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.15%.
Bond figure compounds the yield annually; the FD compounds quarterly, as a cumulative bank FD does. Both are pre-tax and assume the bond is held to maturity and the issuer pays in full - the AA- credit risk is the reason for the gap.
When you get paid
Interest lands 4 times a year, in Feb, May, Aug, Nov, with about 4 payments still to come before 12 Sept 2027, each at the 9.8% coupon rate.
Payment months come from the issuer's schedule. Exact dates within the month, and the amount per payment, depend on the face value of the units you buy - check the term sheet on WintWealth before investing.
