Muthoot Fincorp Ltd.
Muthoot Fincorp Ltd. is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.1%.
Data as of 20 Oct 2026
How this yield compares
About this bond
Muthoot Fincorp Ltd. is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.1%. It pays a coupon of 8.75% and matures on 24 Sept 2029, a remaining tenure of about 2.9 yr. It is rated AA, a high credit-safety grade. Groww lists this bond with a minimum investment of ₹997.
Its 9.1% yield is solid for its risk band, sitting 239th of 319 comparable Corporate bonds. That trails the Corporate median of 10.50% by 1.40 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 2.45 points for taking on credit risk. Its short 2.9 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 9.1% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 2.9 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 9.10% | ₹1,29,062 |
| 5% slab | 8.64% | ₹1,27,492 |
| 20% slab | 7.28% | ₹1,22,856 |
| 30% slab | 6.37% | ₹1,19,829 |
At a 8.75% coupon, ₹1,00,000 of face value pays about ₹8,750 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 2.9 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.65%.
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.
