This bond is no longer available. It has matured, sold out, or been delisted from the platforms we track, last seen on 7 Sept 2026. The details below are kept as a record of the issue. Compare bonds available now →
Mahindra and Mahindra Financial Jan ’29
Mahindra and Mahindra Financial Jan ’29 is a corporate bond issued by a company to raise debt from investors, was last listed at a yield to maturity (YTM) of 7.7%.
Data as of 7 Sept 2026
How this yield compares
About this bond
Mahindra and Mahindra Financial Jan ’29 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 7.7%. It pays a coupon of 9.5% and matures on 18 Jan 2029, a remaining tenure of about 2.2 yr. It is rated AAA, the highest credit-safety grade. BondScanner lists this bond with a minimum investment of ₹10.8L.
Its 7.7% yield is on the conservative side, toward the lower end at 316th of 319 Corporate bonds. That trails the Corporate median of 10.50% by 2.80 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 1.05 points for taking on credit risk. Its short 2.2 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%, Jio Credit (INE282H07125) at 8% and Bajaj Finance (INE296A07UC7) at 7.85%.
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 7.7% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 2.2 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 7.70% | ₹1,18,142 |
| 5% slab | 7.31% | ₹1,17,195 |
| 20% slab | 6.16% | ₹1,14,379 |
| 30% slab | 5.39% | ₹1,12,523 |
At a 9.5% coupon, ₹1,00,000 of face value pays about ₹9,500 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 2.2 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 Apr, with about 2 payments still to come before 18 Jan 2029, each at the 9.5% 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.
