This bond is no longer available. It has matured, sold out, or been delisted from the platforms we track, last seen on 4 Sept 2026. The details below are kept as a record of the issue. Compare bonds available now →
Utkarsh Small Finance Jun ’31
Utkarsh Small Finance Jun ’31 is a corporate bond issued by a company to raise debt from investors, was last listed at a yield to maturity (YTM) of 10.9%.
Data as of 4 Sept 2026
How this yield compares
About this bond
Utkarsh Small Finance Jun ’31 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.9%. It pays a coupon of 11% and matures on 28 Jun 2031, a remaining tenure of about 4.7 yr. It is rated A-, an adequate credit-safety grade. BondScanner lists this bond with a minimum investment of ₹1.0L.
Its 10.9% yield is well above the market average, ranking 127th of 319 Corporate bonds we list. That edges 0.40 points past the Corporate median of 10.50%. Against a tenure-matched SBI fixed deposit (6.55%), it pays roughly 4.35 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its medium 4.7 yr horizon balances rate lock-in against flexibility. Paired with its high safety (A-) 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 Hella Infra Market (INE06E507579) at 16%, Hella Infra Market Retail (INE0P6G07194) at 15.1% and Lucina Land (INE0JZO07057) at 13.35%.
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 10.9% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 4.7 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 10.90% | ₹1,62,402 |
| 5% slab | 10.36% | ₹1,58,696 |
| 20% slab | 8.72% | ₹1,47,973 |
| 30% slab | 7.63% | ₹1,41,147 |
At a 11% coupon, ₹1,00,000 of face value pays about ₹11,000 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,100 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 4.7 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 A- credit risk is the reason for the gap.
When you get paid
Interest lands 4 times a year, in Mar, Jun, Sep, Dec, with about 19 payments still to come before 28 Jun 2031, each at the 11% 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.
