IFL Finance Limited
How this yield compares
About this bond
IFL Finance Limited is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 12.85%. It pays a coupon of 12.25% and matures on 18 Nov 2027, a remaining tenure of about 1.3 yr. It is rated BBB, a moderate credit-safety grade. GripInvest lists this bond with a minimum investment of ₹6K.
Its 12.85% yield is well above the market average, placing it 19th of the 175 Corporate bonds on RightBonds - firmly in the top tier. That is 2.10 percentage points above the Corporate median of 10.75% - a clear yield premium over the typical peer. Against a tenure-matched SBI fixed deposit (6.50%), it pays roughly 6.35 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 1.3 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its moderate safety (BBB) rating, that is a higher-yield, higher-risk profile. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Regency Fincorp (INE964R07101) at 14.5%, Best Capital (INE04UP07170) at 14% and BEST CAPITAL (INE04UP07212) at 13.75%.
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 12.85% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.3 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 12.85% | ₹1,17,001 |
| 5% slab | 12.21% | ₹1,16,137 |
| 20% slab | 10.28% | ₹1,13,552 |
| 30% slab | 8.99% | ₹1,11,837 |
At a 12.25% coupon, ₹1,00,000 of face value pays about ₹12,250 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,225 a year is withheld as TDS - adjustable against your final liability, not an extra tax.
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 1.3 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 BBB credit risk is the reason for the gap.