Your bond, explained.

Sahyadri Capital 9.75% Secured NCD 2029 · Sahyadri Capital Ltd

Illustrative

Bond · Non-convertible debenture (NCD) · Before buying

Offer 16 Oct

Real yield

9.28%

coupon 9.75%

After tax

5.55%

30% slab assumed

Safety

AA-

secured

If rates rise 1%

-1.98%

on the price

Sahyadri Capital 9.75% Secured NCD 2029 (AA-): 9.28% a year to 28 Mar 2029 at the price asked, about 5.55% after tax. A bond's coupon is on its face value; the yield counts the price actually paid.

Myra's most important observations

Tax on the interest

Sahyadri Capital 9.75% Secured NCD 2029Your slab · TDS can apply

TDS is 10% when one issuer's interest to you is more than ₹10,000 in a year (section 393(1)); a Form 15G/15H stops it if you're eligible. None on government securities or gold bonds.

Tax on selling

Estimate

Listed bonds held more than 12 months: a gain is taxed at 12.5%; sooner, at your slab. Unlisted bonds: at your slab however long held. Gold bonds redeemed by RBI: not taxed.

Credit

Sahyadri Capital 9.75% Secured NCD 2029AA- · stable · secured

BBB- and above is investment grade. Bonds have no deposit insurance; a secured bond's assets are held by a debenture trustee for the holders.

Getting out early

Sahyadri Capital 9.75% Secured NCD 2029On the exchange