MAS Financial Services Jun ’28
How this yield compares
About this bond
MAS Financial Services Jun ’28 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.15%. It pays a coupon of 8.7% and matures on 24 Jun 2028, a remaining tenure of about 1.9 yr. It is rated AA-, a high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹1.0L.
Its 9.15% yield is solid for its risk band, sitting 132nd of 177 comparable Corporate bonds. That trails the Corporate median of 10.75% by 1.60 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.50%, so this bond adds roughly 2.65 points for taking on credit risk. Its short 1.9 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its very high safety (AA-) 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 IIFL Samasta (INE413U08093) at 11.5%, IIFL SAMASTA FINANCE (INE413U07442) at 10.65% and Asirvad Micro Finance (INE516Q08497) at 10.55%.
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 9.15% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.9 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 9.15% | ₹1,17,971 |
| 5% slab | 8.69% | ₹1,17,039 |
| 20% slab | 7.32% | ₹1,14,265 |
| 30% slab | 6.41% | ₹1,12,433 |
At a 8.7% coupon, ₹1,00,000 of face value pays about ₹8,700 of interest a year, under the ₹10,000 Section 193 threshold, so no TDS is withheld.
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 1.9 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 AA- 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 8 payments still to come before 24 Jun 2028, each at the 8.7% 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.