RightBonds Fixed Income, Simplified

Asirvad Micro Finance May ’33

INE516Q08497 Corporate AA- Matures May 2033
Yield to Maturity (YTM)
10.55%
Annualised return if held to maturity · 25 May 2033
+4.0% vs bank FD
Coupon Rate
10.75%
Paid periodically
Maturity
25 May 2033
Principal returned
Tenure
6.8 yr
Remaining
Min. Invest
₹1.0L
Min. ticket
Return
₹1,00,377
Est. pre-tax

How this yield compares

This bondAsirvad Micro Finance May ’33
10.55%
Category avgCorporate
10.7%
Fixed Deposit6.8 yr tenure
6.55%

At 10.55% YTM, this bond yields about 4.0 percentage points more than a tenure-matched fixed deposit (6.55%) and sits below the Corporate average - reflecting the credit profile of a AA- issuer.

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 25 May 2033, a remaining tenure of about 6.8 yr. It is rated AA-, a high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹1.0L.

Its 10.55% yield is well above the market average, sitting 87th of 165 comparable Corporate bonds. That lands just under the Corporate median of 10.75%. 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 6.8 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 IIFL Samasta (INE413U08093) at 11.5%, IIFL SAMASTA FINANCE (INE413U07442) at 10.65% and IIFL Samasta (INE413U07434) at 10.35%.

Bond details

IssuerAsirvad Micro Finance May ’33
Credit RatingAA-
CategoryCorporate
Coupon Rate10.75%
Yield to Maturity10.55%
Maturity Date25 May 2033
Listed onBondScanner
Minimum Investment₹1.0L
Return₹1,00,377
ISININE516Q08497

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 6.8 yr.

Your tax slabPost-tax yield₹1,00,000 becomes
No tax (income under the exemption limit) 10.55% ₹1,97,937
5% slab 10.02% ₹1,91,596
20% slab 8.44% ₹1,73,602
30% slab 7.38% ₹1,62,424

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 6.8 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.55%.

This bond at 10.55%₹1,97,937
Fixed deposit at 6.55%₹1,55,625
Difference+₹42,312

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 25 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.