Shriram Finance May ’29
Shriram Finance May ’29 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 7.65%.
Data as of 11 Sept 2026
How this yield compares
About this bond
Shriram Finance May ’29 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 7.65%. It pays a coupon of 9.2% and matures on 22 May 2029, a remaining tenure of about 2.7 yr. It is rated AAA, the highest credit-safety grade. BondScanner lists this bond with a minimum investment of ₹10.6L.
Its 7.65% yield is on the conservative side, toward the lower end at 255th of 265 Corporate bonds. That trails the Corporate median of 10.50% by 2.85 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.65%, so this bond adds roughly 1.00 points for taking on credit risk. Its short 2.7 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its highest safety (AAA) 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 Aditya Birla Capital (INE674K08083) at 8.1%, Aditya Birla Housing Finance (INE831R08118) at 8% and Bajaj Finance (INE296A07UC7) at 7.9%.
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 7.65% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 2.7 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 7.65% | ₹1,21,961 |
| 5% slab | 7.27% | ₹1,20,797 |
| 20% slab | 6.12% | ₹1,17,348 |
| 30% slab | 5.35% | ₹1,15,084 |
At a 9.2% coupon, ₹1,00,000 of face value pays about ₹9,200 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 2.7 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.65%.
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 AAA credit risk is the reason for the gap.
When you get paid
Interest lands once a year, in May, with about 3 payments still to come before 22 May 2029, each at the 9.2% 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.