Asirvad Micro Finance May ’33
Asirvad Micro Finance May ’33 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.55%.
Data as of 20 Oct 2026
How this yield compares
About this bond
Asirvad Micro Finance May ’33 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.55%. It pays a coupon of 10.75% and matures on 26 May 2033, a remaining tenure of about 6.6 yr. It is rated AA-, a high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹1.1L.
Its 10.55% yield is well above the market average, ranking 151st of 319 Corporate bonds we list. That edges 0.05 points past the Corporate median of 10.50%. Against a tenure-matched SBI fixed deposit (6.55%), it pays roughly 4.00 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its medium 6.6 yr horizon balances rate lock-in against flexibility. 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 Asirvad Micro Finance (INE516Q07473) at 9.7%, Asirvad Micro Finance (INE516Q07481) at 9% and IIFL Samasta (INE413U08093) at 11.5%.
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 10.55% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 6.6 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 10.55% | ₹1,93,821 |
| 5% slab | 10.02% | ₹1,87,799 |
| 20% slab | 8.44% | ₹1,70,679 |
| 30% slab | 7.38% | ₹1,60,017 |
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 6.6 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 AA- credit risk is the reason for the gap.
When you get paid
Interest lands once a year, in May, with about 7 payments still to come before 26 May 2033, each at the 10.75% 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.
