This bond is no longer available. It has matured, sold out, or been delisted from the platforms we track, last seen on 8 Sept 2026. The details below are kept as a record of the issue. Compare bonds available now →
Nashik Municipal Corporation Mar ’31
Nashik Municipal Corporation Mar ’31 is a corporate bond issued by a company to raise debt from investors, was last listed at a yield to maturity (YTM) of 7.95%.
Data as of 8 Sept 2026
How this yield compares
About this bond
Nashik Municipal Corporation Mar ’31 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 7.95%. It pays a coupon of 8.05% and matures on 5 Mar 2031, a remaining tenure of about 4.5 yr. It is rated AA+, a very high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹1.3L.
Its 7.95% yield is on the conservative side, toward the lower end at 246th of 265 Corporate bonds. That trails the Corporate median of 10.50% by 2.55 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 1.40 points for taking on credit risk. Its medium 4.5 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 Hinduja Leyland (INE146O08399) at 9.18%, Hinduja Leyland (INE146O08282) at 9% and Hinduja Leyland (INE146O08415) at 9%.
About Nashik Municipal Corporation
Nashik Municipal Corporation (NMC) is the urban local body for the city of Nashik in Maharashtra, governed by the Maharashtra Municipal Corporation Act. It has jurisdiction over 259.13 square kilometres and serves a population of around 14.87 lakh as per the 2011 census, providing civic services that include water supply, sewerage disposal and solid waste management. Its finances are healthy for a municipal body: revenue receipts were Rs 2,262 crore in FY25, up from Rs 1,985 crore in FY24, with a revenue surplus of Rs 629 crore, or 27% of revenue receipts. In September 2025 CRISIL assigned a Provisional CRISIL AA+ rating with Stable outlook to a proposed Rs 200 crore municipal bond. The bond structure relies on a trustee-administered escrow into which NMC's own revenues are transferred daily, a debt service reserve account equal to annual interest obligations, and an upfront fixed deposit of 10% of the bond size earmarked for principal repayment.
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 7.95% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 4.5 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 7.95% | ₹1,40,857 |
| 5% slab | 7.55% | ₹1,38,550 |
| 20% slab | 6.36% | ₹1,31,802 |
| 30% slab | 5.56% | ₹1,27,447 |
At a 8.05% coupon, ₹1,00,000 of face value pays about ₹8,050 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 4.5 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 twice a year, in Mar, Sep, with about 10 payments still to come before 5 Mar 2031, each at the 8.05% 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.