Published: 3rd June 2025
Bonds are fixed-income instruments, meaning that they pay a fixed amount- depending on the face value and the coupon rate of the bond.
The interest income can be calculated by multiplying face value of the bond with its coupon rate.
This interest is usually paid monthly, yearly, or at the time of maturity.
We have calculated conservatively to provide a grounded report.
Tips: Unlike shares, many bonds do not have high liquidity (trading volume). It may take a day or two to find a seller for bonds that aren’t popular. Bond holders who intend to hold the bond till maturity do not need to worry about liquidity once they have managed to buy them.
Maturing next year…
1. 1015UCL26
Date of Maturity: 24th April 2026
Interest Rate: 10.15%
Payment Frequency: Monthly
Face Value: ₹1,000
Market Price: ₹995
Interest Income per Month: ₹8.458
Total Interest per Bond: ₹67.664
*(assuming 8 months of interest income)
Capital Gains: ₹5
Total Return per Bond: ₹72.664
Investment Tenure: 9 months
Total Return: 7.30%
Annualized Return: 9.75%
CREDIT RATING: IND A+ / Stable
Liquidity: Low
(Details on the official NSE website.)
2. 925SCL26F
Date of Maturity: 25th September 2026
Interest Rate: 9.25%
Payment Frequency: Monthly (Not Specified)
Face Value: ₹1,000
Market Price: ₹965.15
Interest Income per Month: ₹7.708
Total Interest per Bond: ₹115.625
*(assuming 15 months of interest income)
Capital Gains: ₹34.85
Total Return per Bond: ₹150.475
Investment Tenure: 16 months
Total Return: 15.59%
Annualized Return: 11.46% (16.76% if payment is made on yearly basis, which is unlikely for a stable bond.)
CREDIT RATING: CRISIL AA / Stable
Liquidity: Medium
(Details on the official NSE website.)
3. 842IIFL26
Date of Maturity: 14th October 2026
Interest Rate: 8.42%
Payment Frequency: Monthly
Face Value: ₹1,000
Market Price: ₹983.38
Interest Income per Month: ₹7.016
Total Interest per Bond: ₹112.266
*(assuming 16 months of interest income)
Capital Gains: ₹16.62
Total Return per Bond: ₹128.886
Investment Tenure: 17 months
Total Return: 13.10%
Annualized Return: 8.86%
CREDIT RATING: CRISIL AA Stable
Liquidity: High
(Details on the official NSE website.)
Maturing in 3 years…
4. 865IIFL28
Date of Maturity: 24th Jan 2028
Interest Rate: 8.65%
Payment Frequency: Monthly
Face Value: ₹1,000
Market Price: ₹973.99
Interest Income per Month: ₹7.208
Total Interest per Bond: ₹223.458
*(assuming 31 months of interest income)
Capital Gains: ₹26.01
Total Return per Bond: ₹249.468
Investment Tenure: 32 months
Total Return: 25.61%
Annualized Return: 7.91%
CREDIT RATING: CRISIL AA Stable
Liquidity: High
(Details on the official NSE website.)
5. 888ERFL28
Date of Maturity: 22nd March 2028
Interest Rate: 8.88%
Payment Frequency: Monthly
Face Value: ₹1,000
Market Price: ₹960.00
Interest Income per Month: ₹7.40
Total Interest per Bond: ₹244.2
*(assuming 33 months of interest income)
Capital Gains: ₹40.00
Total Return per Bond: ₹284.2
Investment Tenure: 34 months
Total Return: 29.60%
Annualized Return: 8.72%
CREDIT RATING: CRISIL AA Stable
Liquidity: Low
(Details on the official NSE website.)
Little longer than 3 years…
6. 943ECL28
Date of Maturity: 6th August 2028
Interest Rate: 9.43%
Payment Frequency: Monthly (Not Specified)
Face Value: ₹1,000
Market Price: ₹967
Interest Income per Month: ₹7.858
Total Interest per Bond: ₹298.61
*(assuming 38 months of interest income)
Capital Gains: ₹33
Total Return per Bond: ₹331.616
Investment Tenure: 39 months
Total Return: 34.29%
Annualized Return: 9.42%
CREDIT RATING: CRISIL AA Stable
Liquidity: Medium
(Details on the official NSE website.)
7. 96IIFL28A
Date of Maturity: 3rd November 2028
Interest Rate: 9.60%
Payment Frequency: Monthly
Face Value: ₹1,000
Market Price: ₹970.03
Interest Income per Month: ₹8
Total Interest per Bond: ₹328
*(assuming 41 months of interest income)
Capital Gains: ₹29.97
Total Return per Bond: ₹357.97
Investment Tenure: 42 months
Total Return: 36.90%
Annualized Return: 9.32%
CREDIT RATING: CRISIL AA Stable
Liquidity: High
(Details on the official NSE website.)
Disclaimers
The research is true to the knowledge of Sequity Capital management, as verified on 3rd June 2025.
This is not an investment recommendation. The research is done for informational purposes only. Sequity Capital is not liable for any actions taken based on this research report.
Please consult a financial advisor before acting on investment tips.
Sequity Capital holds 4 out of 7 mentioned bonds worth ₹1,01,988.50 in market value, at the time of publishing this report.
Sequity Capital 