Berar Finance
Berar Finance is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.5%.
Data as of 20 Oct 2026
How this yield compares
About this bond
Berar Finance is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 10.5%. It pays a coupon of 10.95% and matures on 29 Aug 2027, a remaining tenure of about 10 mo. It is rated BBB+, a moderate credit-safety grade. WintWealth lists this bond with a minimum investment of ₹10K.
Its 10.5% yield is well above the market average, ranking 153rd of 319 Corporate bonds we list. That lands just under the Corporate median of 10.50%. Against a tenure-matched SBI fixed deposit (6.15%), it pays roughly 4.35 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 10 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 Berar Finance (INE998Y07162) at 11%, Berar Finance (INE998Y07188) at 10.75% and Himatsingka Seide (INE049A08022) at 14%.
About Berar Finance
Berar Finance Limited is a Nagpur-rooted NBFC built almost entirely on two-wheeler lending, which made up close to 97% of its book as of March 2025. It has expanded steadily out of Maharashtra and now runs 135 branches across Chhattisgarh, Madhya Pradesh, Telangana, Gujarat, Odisha and Karnataka as well. Assets under management grew about 24% in FY25 to Rs 1,386 crore. The company has begun lending to secured MSMEs, though that book was only Rs 35 crore in March 2025 and is at an early stage. Two-wheeler finance to lower-income borrowers carries structurally higher delinquency than secured lending, and gross NPA of 4.4% in FY25 reflects that, having improved from 4.6% a year earlier as collection efficiency rose to 92%.
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 10.5% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 10 mo.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 10.50% | ₹1,08,930 |
| 5% slab | 9.97% | ₹1,08,487 |
| 20% slab | 8.40% | ₹1,07,154 |
| 30% slab | 7.35% | ₹1,06,265 |
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 0.9 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 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 4 payments still to come before 29 Aug 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.
