Muthoot Fincorp Mar ’29
How this yield compares
About this bond
Muthoot Fincorp Mar ’29 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.15%. It pays a coupon of 8.75% and matures on 5 Mar 2029, a remaining tenure of about 2.6 yr. It is rated AA, a high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹100K.
Its 9.15% yield is solid for its risk band, toward the lower end at 149th of 193 Corporate bonds. That trails the Corporate median of 10.50% by 1.35 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.65%, so this bond adds roughly 2.50 points for taking on credit risk. Its short 2.6 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 (INE549K07GX3) at 9.75%.