Manappuram Finance Limited Aug ’36
Manappuram Finance Limited Aug ’36 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.02%.
Data as of 20 Oct 2026
How this yield compares
About this bond
Manappuram Finance Limited Aug ’36 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.02%. It pays a coupon of 9.1% and matures on 14 Aug 2036, a remaining tenure of about 9.8 yr. It is rated AA, a high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹5.1L.
Its 9.02% yield is solid for its risk band, toward the lower end at 243rd of 319 Corporate bonds. That trails the Corporate median of 10.50% by 1.48 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.55%, so this bond adds roughly 2.47 points for taking on credit risk. Its long 9.8 yr horizon locks in today's yield well into the future - useful if rates fall, a drag if they rise. 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 Manappuram Finance (INE522D08030) at 8.93%, Manappuram Finance (INE522D07CK1) at 7.75% and Muthoot Fincorp (INE549K08590) at 10.5%.
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 9.02% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 9.8 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 9.02% | ₹2,33,466 |
| 5% slab | 8.57% | ₹2,24,155 |
| 20% slab | 7.22% | ₹1,98,189 |
| 30% slab | 6.31% | ₹1,82,414 |
At a 9.1% coupon, ₹1,00,000 of face value pays about ₹9,100 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 9.8 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 Aug, with about 10 payments still to come before 14 Aug 2036, each at the 9.1% 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.
