Laxmi India Finance Limited
Laxmi India Finance Limited is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11.2%.
Data as of 20 Oct 2026
How this yield compares
About this bond
Laxmi India Finance Limited is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11.2%. It pays a coupon of 10.5% and matures on 2 Sept 2029, a remaining tenure of about 2.9 yr. It is rated A, an adequate credit-safety grade. Groww lists this bond with a minimum investment of ₹10K.
Its 11.2% yield is well above the market average, ranking 95th of 319 Corporate bonds we list. That is 0.70 percentage points above the Corporate median of 10.50% - a clear yield premium over the typical peer. Against a tenure-matched SBI fixed deposit (6.65%), it pays roughly 4.55 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 2.9 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its high safety (A) 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 Laxmi India Finance (INE06WU07080) at 11.1%, Shri Ram Finance Corporation (INE08E808082) at 13% and BN Agritech (INE00XL07015) at 11.5%.
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 11.2% 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) | 11.20% | ₹1,35,605 |
| 5% slab | 10.64% | ₹1,33,655 |
| 20% slab | 8.96% | ₹1,27,915 |
| 30% slab | 7.84% | ₹1,24,179 |
At a 10.5% coupon, ₹1,00,000 of face value pays about ₹10,500 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,050 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 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 A credit risk is the reason for the gap.
