Muthoot Fincorp
Muthoot Fincorp is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.75%.
Data as of 11 Sept 2026
How this yield compares
About this bond
Muthoot Fincorp is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.75%. It pays a coupon of 9.05% and matures on 16 Jul 2028, a remaining tenure of about 1.8 yr. It is rated AA, a high credit-safety grade. WintWealth lists this bond with a minimum investment of ₹1K.
Its 9.75% yield is solid for its risk band, sitting 172nd of 265 comparable Corporate bonds. That trails the Corporate median of 10.50% by 0.75 points, so the trade-off is lower yield for whatever else this issuer offers. Against a tenure-matched SBI fixed deposit (6.50%), it pays roughly 3.25 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 1.8 yr 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 Fincorp (INE549K08590) at 10.5%, Muthoot Fincorp (INE549K08632) at 10.4% and Muthoot Fincorp (INE549K08533) at 10%.
About Muthoot Fincorp
Muthoot Fincorp Limited is a non-deposit-taking, systemically important NBFC set up in 1997 and headquartered in Thiruvananthapuram, Kerala. It is the flagship company of the Muthoot Pappachan Group and lends primarily against gold jewellery, with additional exposure to MSME financing. Sister companies under the same promoters operate in vehicle finance (Muthoot Capital Services), microfinance (Muthoot Microfin) and housing finance (Muthoot Housing Finance). The group is the second-largest NBFC in India's gold financing business, and Muthoot Fincorp also distributes mutual funds and insurance and runs money-transfer and foreign-exchange services through its branches.
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 9.75% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.8 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 9.75% | ₹1,18,720 |
| 5% slab | 9.26% | ₹1,17,749 |
| 20% slab | 7.80% | ₹1,14,859 |
| 30% slab | 6.82% | ₹1,12,950 |
At a 9.05% coupon, ₹1,00,000 of face value pays about ₹9,050 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 1.8 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 AA credit risk is the reason for the gap.
When you get paid
Interest lands every month, with about 23 payments still to come before 16 Jul 2028, each at the 9.05% 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.