Muthoot Mcred
Muthoot Mcred is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.65%.
Data as of 6 Nov 2026
How this yield compares
About this bond
Muthoot Mcred is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.65%. It pays a coupon of 10% and matures on 27 Jun 2028, a remaining tenure of about 1.6 yr. It is rated A, an adequate credit-safety grade. GripInvest lists this bond with a minimum investment of ₹10K.
Its 10.65% yield is well above the market average, ranking 144th of 321 Corporate bonds we list. That edges 0.25 points past the Corporate median of 10.40%. Against a tenure-matched SBI fixed deposit (6.50%), it pays roughly 4.15 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 1.6 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its high safety (A) 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 Mcred (INE101Q07CC3) at 10.75%, Muthoot Mcred (INE101Q07AY1) at 10.1% and Muthoot MCred (INE101Q07BV5) at 10.1%.
About Muthoot Mcred
Muthoot MCred Limited, known until its 2025 rebrand as Muthoottu Mini Financiers Limited, is a gold loan focused NBFC incorporated in 1998 and headquartered in Kochi, Kerala. It is owned by the Muthoottu family promoters and promoter-held entities, part of a group with a six-decade track record in gold lending. It is a separate business from Muthoot Finance Limited and from the Muthoot Pappachan Group (Muthoot Blue), which are run by other branches of the extended Muthoot family. As of September 2025 it operated 973 branches across 12 states and union territories, with gold loans making up about 93% of its portfolio and operations concentrated in South India, particularly Tamil Nadu and Kerala. This bond is issued under the legal name Muthoot MCred Limited (formerly Muthoottu Mini Financiers Limited).
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 10.65% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.6 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 10.65% | ₹1,18,049 |
| 5% slab | 10.12% | ₹1,17,119 |
| 20% slab | 8.52% | ₹1,14,346 |
| 30% slab | 7.46% | ₹1,12,512 |
At a 10% coupon, ₹1,00,000 of face value pays about ₹10,000 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 1.6 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.50%.
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 A credit risk is the reason for the gap.
