NAVI
How this yield compares
About this bond
NAVI is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11%. It pays a coupon of 10.75% and matures on 31 Aug 2029, a remaining tenure of about 3.1 yr. It is rated A, an adequate credit-safety grade. GoldenPi lists this bond with a minimum investment of ₹10K.
Its 11% yield is well above the market average, ranking 65th of 177 Corporate bonds we list. That edges 0.35 points past the Corporate median of 10.65%. Against a tenure-matched SBI fixed deposit (6.55%), it pays roughly 4.45 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its medium 3.1 yr horizon balances rate lock-in against flexibility. 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 Satin Creditcare (INE836B08327) at 12.6%, Kosamattam Finance (INE403Q08357) at 11.7% and Electronica Finance (INE612U08074) at 11.6%.
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% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 3.1 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 11.00% | ₹1,37,771 |
| 5% slab | 10.45% | ₹1,35,686 |
| 20% slab | 8.80% | ₹1,29,558 |
| 30% slab | 7.70% | ₹1,25,578 |
At a 10.75% coupon, ₹1,00,000 of face value pays about ₹10,750 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,075 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 3.1 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 A credit risk is the reason for the gap.