Sindhuja Microcredit
Sindhuja Microcredit is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11.85%.
Data as of 20 Oct 2026
How this yield compares
About this bond
Sindhuja Microcredit is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11.85%. It pays a coupon of 11.75% and matures on 26 Jun 2028, a remaining tenure of about 1.7 yr. It is rated BBB, a moderate credit-safety grade. WintWealth lists this bond with a minimum investment of ₹10K.
Its 11.85% yield is well above the market average, placing it 60th of the 319 Corporate bonds on RightBonds - firmly in the top tier. That is 1.35 percentage points above the Corporate median of 10.50% - a clear yield premium over the typical peer. Against a tenure-matched SBI fixed deposit (6.50%), it pays roughly 5.35 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 1.7 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 REGENCY FINCORP (INE964R07168) at 14.4%, Best Capital Services (INE04UP07196) at 14% and Dvara Kshetriya (INE179P08066) at 13.85%.
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 11.85% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.7 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 11.85% | ₹1,20,748 |
| 5% slab | 11.26% | ₹1,19,673 |
| 20% slab | 9.48% | ₹1,16,472 |
| 30% slab | 8.29% | ₹1,14,358 |
At a 11.75% coupon, ₹1,00,000 of face value pays about ₹11,750 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,175 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 1.7 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.
When you get paid
Interest lands 4 times a year, in Mar, Jun, Sep, Dec, with about 7 payments still to come before 26 Jun 2028, each at the 11.75% 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.
