Prachay Capital Mar ’31
How this yield compares
About this bond
Prachay Capital Mar ’31 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 13.79%. It pays a coupon of 13% and matures on 16 Mar 2031, a remaining tenure of about 4.6 yr. It is rated BBB-, a moderate credit-safety grade - the lowest investment-grade band. BondScanner lists this bond with a minimum investment of ₹10K.
Its 13.79% yield is among the highest we track, placing it 7th of the 168 Corporate bonds on RightBonds - firmly in the top tier. That is 3.04 percentage points above the Corporate median of 10.75% - a clear yield premium over the typical peer. Against a tenure-matched SBI fixed deposit (6.55%), it pays roughly 7.24 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its medium 4.6 yr horizon balances rate lock-in against flexibility. 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 Prachay Capital (INE0IID07553) at 13.8%, Unifinz Capital India (INE926R07043) at 15% and Monedo Financial Services (INE0I5X07067) at 14.25%.
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 13.79% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 4.6 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 13.79% | ₹1,81,314 |
| 5% slab | 13.10% | ₹1,76,309 |
| 20% slab | 11.03% | ₹1,61,938 |
| 30% slab | 9.65% | ₹1,52,878 |
At a 13% coupon, ₹1,00,000 of face value pays about ₹13,000 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,300 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 4.6 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.55%.
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 56 payments still to come before 16 Mar 2031, each at the 13% 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 BondScanner before investing.