Muthoot Finance Jan ’36
Muthoot Finance Jan ’36 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.57%.
Data as of 11 Sept 2026
How this yield compares
About this bond
Muthoot Finance Jan ’36 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.57%. It pays a coupon of 8.7% and matures on 16 Jan 2036, a remaining tenure of about 9.3 yr. It is rated AA+, a very high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹10.6L.
Its 8.57% yield is solid for its risk band, toward the lower end at 221st of 265 Corporate bonds. That trails the Corporate median of 10.50% by 1.93 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.55%, so this bond adds roughly 2.02 points for taking on credit risk. Its long 9.3 yr horizon locks in today's yield well into the future - useful if rates fall, a drag if they rise. 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 Finance (INE414G07KB6) at 8.43%, MUTHOOT FINANCE (INE549K07IF6) at 8.85% and Hinduja Leyland (INE146O08399) at 9.18%.
About Muthoot Finance
Muthoot Finance Limited is the flagship of the Muthoot Group and India largest gold loan NBFC. The promoter family has financed against gold since 1939 and the company was set up in its present form in 1997. It runs roughly 7,541 branches nationwide, of which more than 6,000 offer gold loans, and has diversified through subsidiaries into home finance (Muthoot Homefin), vehicle and MSME lending (Muthoot Money) and microfinance (Belstar Microfinance). Consolidated managed assets reached Rs 1,80,234 crore by December 2025, up from Rs 1,32,860 crore in March 2025, and the group reported a consolidated profit after tax of Rs 5,352 crore in FY25. Note that this is a separate listed company from Muthoot Fincorp, which belongs to the Muthoot Pappachan Group and shares the family name but not the balance sheet.
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 8.57% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 9.3 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 8.57% | ₹2,15,650 |
| 5% slab | 8.14% | ₹2,07,825 |
| 20% slab | 6.86% | ₹1,85,849 |
| 30% slab | 6.00% | ₹1,72,375 |
At a 8.7% coupon, ₹1,00,000 of face value pays about ₹8,700 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 9.3 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.55%.
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 once a year, in Jan, with about 10 payments still to come before 16 Jan 2036, each at the 8.7% 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 BondScanner before investing.