Aye Finance Jul ’28
Aye Finance Jul ’28 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.52%.
Data as of 11 Sept 2026
How this yield compares
About this bond
Aye Finance Jul ’28 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.52%. It pays a coupon of 9.75% and matures on 28 Jul 2028, a remaining tenure of about 1.9 yr. It is rated A+, an adequate credit-safety grade. BondScanner lists this bond with a minimum investment of ₹99K.
Its 10.52% yield is well above the market average, ranking 125th of 265 Corporate bonds we list. That edges 0.02 points past the Corporate median of 10.50%. Against a tenure-matched SBI fixed deposit (6.50%), it pays roughly 4.02 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 1.9 yr 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 Aye Finance (INE501X07729) at 10%, U GRO Capital (INE583D08115) at 12.8% and U GRO Capital (INE583D08081) at 12.45%.
About Aye Finance
Aye Finance Limited lends to micro and small enterprises in semi-urban India, typically businesses turning over between Rs 10 lakh and Rs 1 crore a year. It began operations in FY2014 under founder Sanjay Sharma and is headquartered in Gurugram, Haryana. As of 30 June 2025 it operated 527 branches across 21 states and union territories, and it is backed by private equity investors including CapitalG (Google), Falcon Edge and British International Investment.
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 10.52% 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) | 10.52% | ₹1,20,657 |
| 5% slab | 9.99% | ₹1,19,581 |
| 20% slab | 8.42% | ₹1,16,381 |
| 30% slab | 7.36% | ₹1,14,270 |
At a 9.75% coupon, ₹1,00,000 of face value pays about ₹9,750 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 A+ credit risk is the reason for the gap.
When you get paid
Interest lands every month, with about 23 payments still to come before 28 Jul 2028, each at the 9.75% 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 BondScanner before investing.