Manba Finance
Manba Finance is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10%.
Data as of 20 Oct 2026
How this yield compares
About this bond
Manba Finance is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10%. It pays a coupon of 10.95% and matures on 20 Oct 2027, a remaining tenure of about 12 mo. It is rated A-, an adequate credit-safety grade. WintWealth lists this bond with a minimum investment of ₹1.0L.
Its 10% yield is well above the market average, sitting 183rd of 319 comparable Corporate bonds. That trails the Corporate median of 10.50% by 0.50 points, so the trade-off is lower yield for whatever else this issuer offers. Against a tenure-matched SBI fixed deposit (6.15%), it pays roughly 3.85 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 12 mo horizon locks the rate for only a few years, limiting reinvestment risk. 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 Manba Finance (INE939X07283) at 11.2%, Manba Finance (INE939X07192) at 11% and Manba Finance (INE939X07267) at 10.8%.
About Manba Finance
Manba Finance Limited is a two-wheeler financier that commenced operations in 1996 and has since built relationships with more than 1,250 dealers, including over 60 electric vehicle dealers, across 73 locations in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Uttar Pradesh and Madhya Pradesh. Two-wheeler loans made up 85.43% of the portfolio as on March 31, 2025, down from 95.30% in FY23 as the company diversified into used vehicles, electric three-wheelers, small business loans and top-up personal loans. CARE's rating notes comfortable capitalisation and a track record of recovery through repossession, against moderate asset quality and geographic and product concentration.
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% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 12 mo.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 10.00% | ₹1,09,990 |
| 5% slab | 9.50% | ₹1,09,491 |
| 20% slab | 8.00% | ₹1,07,992 |
| 30% slab | 7.00% | ₹1,06,993 |
At a 10.95% coupon, ₹1,00,000 of face value pays about ₹10,950 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,095 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 1.0 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.15%.
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 every month, with about 13 payments still to come before 20 Oct 2027, each at the 10.95% 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.
