Mahaveer
Mahaveer is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 12%.
Data as of 26 Oct 2026
How this yield compares
About this bond
Mahaveer is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 12%. It pays a coupon of 11.2% and matures on 26 Nov 2029, a remaining tenure of about 3.1 yr. It is rated BBB+, a moderate credit-safety grade. GoldenPi lists this bond with a minimum investment of ₹9K.
Its 12% yield is well above the market average, placing it 51st of the 315 Corporate bonds on RightBonds - firmly in the top tier. That is 1.60 percentage points above the Corporate median of 10.40% - a clear yield premium over the typical peer. Against a tenure-matched SBI fixed deposit (6.55%), it pays roughly 5.45 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its medium 3.1 yr horizon balances rate lock-in against flexibility. Paired with its moderate safety (BBB+) rating, that is a higher-yield, higher-risk profile. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Mahaveer Finance (INE911L07162) at 11.8%, Akara Capital Advisors (INE08XP07555) at 14.3% and Himatsingka Seide (INE049A08022) at 14.2%.
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 12% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 3.1 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 12.00% | ₹1,41,859 |
| 5% slab | 11.40% | ₹1,39,527 |
| 20% slab | 9.60% | ₹1,32,688 |
| 30% slab | 8.40% | ₹1,28,256 |
At a 11.2% coupon, ₹1,00,000 of face value pays about ₹11,200 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,120 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 3.1 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 BBB+ credit risk is the reason for the gap.
