Master Capital
Master Capital is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.5%.
Data as of 26 Oct 2026
How this yield compares
About this bond
Master Capital is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.5%. It pays a coupon of 11% and matures on 5 Aug 2027, a remaining tenure of about 9 mo. It is rated A-, an adequate credit-safety grade. WintWealth lists this bond with a minimum investment of ₹10K.
Its 10.5% yield is well above the market average, ranking 148th of 315 Corporate bonds we list. That edges 0.10 points past the Corporate median of 10.40%. Against a tenure-matched SBI fixed deposit (6.15%), it pays roughly 4.35 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 9 mo 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 Hella Infra Market Retail (INE0P6G07194) at 15.1%, Hella Infra Market (INE06E507579) at 14% and Lucina Land (INE0JZO07057) at 13.35%.
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 10.5% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 9 mo.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 10.50% | ₹1,08,041 |
| 5% slab | 9.97% | ₹1,07,644 |
| 20% slab | 8.40% | ₹1,06,447 |
| 30% slab | 7.35% | ₹1,05,648 |
At a 11% coupon, ₹1,00,000 of face value pays about ₹11,000 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,100 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 0.8 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.15%.
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.
When you get paid
Interest lands every month, with about 11 payments still to come before 5 Aug 2027, each at the 11% 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.
