Purple Finance
Purple Finance is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11.25%.
Data as of 20 Oct 2026
How this yield compares
About this bond
Purple Finance is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11.25%. It pays a coupon of 11.9% and matures on 5 Dec 2028, a remaining tenure of about 2.1 yr. It is rated BBB-, a moderate credit-safety grade - the lowest investment-grade band. WintWealth lists this bond with a minimum investment of ₹10K.
Its 11.25% yield is well above the market average, ranking 88th of 319 Corporate bonds we list. That is 0.75 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 4.60 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 2.1 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its moderate safety (BBB-) 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 Purple Finance (INE0CYK07020) at 11%, Purple Finance (INE0CYK07012) at 10.75% and Unifinz Capital India (INE926R07068) at 16%.
About Purple Finance
Purple Finance Limited is a Mumbai-headquartered NBFC that began retail operations only in 2022 and reached the stock market through a merger with the listed Canopy Finance in FY24, listing in June 2024. It lends secured to micro, small and medium enterprises in tier-2 and tier-3 cities, taking residential or commercial property as collateral, with an average ticket size around Rs 6 lakh, tenures of about seven years, interest rates between 18% and 24% and an average loan-to-value near 44%. Borrowers are largely self-employed people, cash-salaried workers and daily wagers. Operations span six states, with Maharashtra alone at 46% of the book and Madhya Pradesh at 24%. Assets under management were Rs 163 crore as of September 2025, so this is a very small lender. Two things deserve weight: India Ratings notes the company is still incurring operating losses and has yet to reach sustainable profitability, and the loan book has not been through multiple business cycles. Against that, capitalisation is strong after two rights issues, with a Tier 1 capital adequacy ratio of 43.13% and leverage of 1.21 times.
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 11.25% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 2.1 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 11.25% | ₹1,25,454 |
| 5% slab | 10.69% | ₹1,24,108 |
| 20% slab | 9.00% | ₹1,20,118 |
| 30% slab | 7.87% | ₹1,17,497 |
At a 11.9% coupon, ₹1,00,000 of face value pays about ₹11,900 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,190 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 2.1 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 BBB- credit risk is the reason for the gap.
When you get paid
Interest lands every month, with about 27 payments still to come before 5 Dec 2028, each at the 11.9% coupon rate.
Payment months come from the issuer's schedule. Exact dates within the month, and the amount per payment, depend on the face value of the units you buy - check the term sheet on WintWealth before investing.
