Fixed Alpha
AA-

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

Muthoot Microfin Limited

INE046W07354· Listed on BSE

10.77%

Yield

Tenure

2Y 3M 1D

Maturity Date

16 Dec 2028

Coupon Frequency

Monthly

Face Value

₹1,00,000

Nature

Secured

Coupon Rate

9.95%

About the Issuer

Muthoot Microfin Ltd, established in 2010, is a prominent microfinance institution in India, headquartered in Kochi. As a subsidiary of the Muthoot Pappachan Group, it focuses on delivering financial services to women entrepreneurs in rural and semi-urban areas, operating across multiple states with micro-loans designed to empower women and drive financial inclusion. The Muthoot Pappachan Group, founded in 1887, is a diversified Indian conglomerate spanning hospitality, automotive dealerships, real estate, healthcare, IT services, precious metals, alternative energy, and security services; its extensive experience and resources have meaningfully supported Muthoot Microfin's growth and stability. The company's product suite includes income-generating loans, health and hygiene loans, and life-betterment solutions, tailored to the diverse needs of rural women and aimed at supporting their entrepreneurial ventures and improving their quality of life. Muthoot Microfin benefits from a strong capital base bolstered by significant equity infusions, along with an extensive branch network that ensures wide customer accessibility. The Muthoot Pappachan Group's long-standing presence in financial services and its focus on customer care have further reinforced the company's position as a trusted provider in India.

Coupon ladder

Payment schedule of interest and principal

Jan '26Coupon

₹1,090

Feb '26Coupon

₹845

Mar '26Coupon

₹763

Apr '26Coupon

₹845

May '26Coupon

₹818

Jun '26Coupon

₹845

Jul '26Coupon

₹818

Aug '26Coupon

₹845

Sep '26Coupon

₹845

Oct '26Coupon

₹818

Nov '26Coupon

₹845

Dec '26Coupon

₹818

Jan '27Coupon

₹845

Feb '27Coupon

₹845

Mar '27Coupon

₹763

Apr '27Coupon

₹843

May '27Coupon

₹816

Jun '27Coupon

₹843

Jul '27Coupon

₹816

Aug '27Coupon

₹843

Sep '27Coupon

₹843

Oct '27Coupon

₹816

Nov '27Coupon

₹843

Dec '27Coupon

₹816

Jan '28Coupon

₹843

Feb '28Coupon

₹843

Mar '28Coupon + Principal

₹25,788

Apr '28Coupon

₹634

May '28Coupon

₹613

Jun '28Coupon + Principal

₹25,634

Jul '28Coupon

₹409

Aug '28Coupon

₹423

Sep '28Coupon + Principal

₹25,423

Oct '28Coupon

₹204

Nov '28Coupon

₹211

Dec '28Coupon + Principal

₹25,143

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

Muthoot Microfin Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE046W07354If that does not work, try its BSE scrip code:BSE977379
  2. Enter the quantity required.
  3. Enter following Price:₹99,179.86This is the Price at which you will earn Fixed Returns (Yield) of 10.77% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.