Security Name: 10.75% MAS Financial Services Limited 08 Jul 2029
ISIN: INE348L08108
Taxable
Tax Category
08 Jul, 2029
Maturity Date
(3 Yr 10 Mo 13 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
08 Dec, 2023
Allotment Date
NA
Put Date
30 Sep, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
10.75%
Coupon
Fixed Interest
Coupon Basis
10.3824%
Current Yield
15 Sep, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
MAS Financial Services Limited
MFSL was incorporated in 1995 by Kamlesh Gandhi and late Mukesh Gandhi. The company was registered as an NBFC in 1998 with the RBI. It was initially engaged in the lending of two-wheeler and ME loans, and later, forayed in CV loans, SME loans, salaried personal loans, and housing loans. In 2008, MFSL floated a subsidiary, MRHMFL, a non-deposit taking, National Housing Bank (NHB) registered HFC, which provides housing loans to the low-income group segment in rural and semi-urban areas. MFSL’s lending activities are carried out by it directly through its own network of 204 branches at a standalone level as on March 31, 2025.
The ratio in FY25 is 7.38x as compared to 7.11x in FY24, indicating slight increase in the debt level due to increase in the borrowings of the issuer.
Debt/EBITDA
The ratio in FY25 is 1.57x and it was 1.54x in FY24, indicating slight increase in the debt servicing ability of the issuer due to strong AUM growth, healthy capitalisation, and a cautious approach to lending.
Interest coverage ratio
Recent News
MAS Financial Aims For Rs 20,000-Crore AUM Within Four Years
Sep 18, 2024 | MAS Financial Services Limited
MAS Financial Services allots NCDs upto Rs 100 crore
Nov 28, 2024 | MAS Financial Services Limited
MCG Private Family Trust Acquires 26.71% Stake in MAS Financial
Aug 11, 2025 | MAS Financial Services Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
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Principal Amount
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE348L08108 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 10.75% MAS Financial Services Limited 08 Jul 2029 |
| Credit Rating |
|---|
| AA- Stable by CARE |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 10.750000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 08/07/2029 |
| Security |
|---|
| Unsecured Subordinated Tier 1 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Aug 26,2025 |
| Principal Amount |
|---|
| ₹1,03,540.7 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,03,540.7 |
| Price |
|---|
| ₹103.5407 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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