It has matured, sold out, or been delisted from the platforms we track, last seen on 18 Jul 2026. The details below are kept as a record of the issue. Compare bonds available now →
Mahaveer Finance
How this yield compares
About this bond
Mahaveer Finance is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11%. It pays a coupon of 11.6% and matures on 18 Feb 2027, a remaining tenure of about 7 mo. It is rated BBB+, a moderate credit-safety grade. WintWealth lists this bond with a minimum investment of ₹5K.
Its 11% yield is well above the market average, ranking 68th of 175 Corporate bonds we list. That edges 0.25 points past the Corporate median of 10.75%. Against a tenure-matched SBI fixed deposit (5.90%), it pays roughly 5.10 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 7 mo horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its moderate safety (BBB+) 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 MAHAVEER FINANCE (INE911L07154) at 12%, Keertana Finserv (INE0NES07303) at 13.9% and Keertana Finserv (INE0NES07329) at 13.55%.
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 11% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 7 mo.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 11.00% | ₹1,05,923 |
| 5% slab | 10.45% | ₹1,05,633 |
| 20% slab | 8.80% | ₹1,04,760 |
| 30% slab | 7.70% | ₹1,04,175 |
At a 11.6% coupon, ₹1,00,000 of face value pays about ₹11,600 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,160 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 0.6 years, one in this bond and one in a tenure-matched SBI fixed deposit at 5.90%.
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 BBB+ credit risk is the reason for the gap.
When you get paid
Interest lands 4 times a year, in Feb, May, Aug, Nov, with about 3 payments still to come before 18 Feb 2027, each at the 11.6% 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 WintWealth before investing.