We are a financial company driven by technology with a passion to
create an investment platform that provides access to the fixed income market in a low-cost,
transparent and easy to use manner.
Each member of our core management team has decades of experience in either finance or technology (profiles coming soon). We are motivated by spearheading the digital revolution in the corporate bond market in India with our leadership expertise in both fixed income asset class and technology, as we aspire to provide a wholesome solution to bond investing. We assist investors with access to wide choice of bond investment opportunities that provide stability and good returns, thus helping them in generating predictable income and meeting their own investment objectives.
“I believe in the great potential that lies locked away in the Indian debt markets and we are working towards extending that value to everyone across the nation.”
Aditi brings 20+ years of experience in the Indian fixed income markets and is also a Director of AK Capital – The prominent Bond House of India.Linked in
What We Believe
Individual investors can benefit from direct access to the corporate bond market which has been usually reserved for larger institutional and wealthy investors. This is by empowerment and education - with better information, learning, tools, services, opportunities, and negligible costs.
We believe everyone is worthy of financial security…we believe everyone should have access to information to make their investments…we believe in our simple mission of “A Bond in Every Hand” !
What We Offer
As a financial company driven by technology, we aim to offer:
Curated Bonds for You
Our teams have demystified bonds into different easy to understand categories
Facilitating Bond Sale
bond investment is not a one-way street! We provide liquidity for you to sell bonds to us as well
Detailed reports and insights
smart investment is about knowledge and we provide ongoing learning, news and analysis relevant to the bond markets
Complete directory of bonds
you have 25,000+ bond details in ONE place and at your fingertips!
Bond expert advice & help
our expert team is always available to assist you in the process of and making choices for your bond investments
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‹ Help & Support
How Bond Calculator works
IndiaBonds | 5 min
Frequently asked questions
A bond's yield refers to the expected earnings generated and realized on a fixed-income investment over
a particular period of time, expressed as a percentage or interest rate.
The simplest way to calculate a bond yield is to divide its coupon payment by the face value of the
bond. This is called the coupon rate or coupon yield.
Coupon Rate = Annual Interest Payment / Bond Face Value
However, if the annual coupon payment is divided by the bond's current market price, the investor can calculate the current yield of the bond. Current yield is simply the current return an investor would expect if he/she held that investment for one year, and this yield is calculated by dividing the annual income of the investment by the investment’s current market price.
Coupon Rate = Annual Interest Payment / Bond Market Price.
Yield to maturity (YTM) is the overall interest rate earned by an investor who buys a bond at the
market price and holds it until maturity. Mathematically, it is the discount rate at which the sum of
all future cash flows (from coupons and principal repayment) equals the price of the bond. YTM is often
quoted in terms of an annual rate and may differ from the bond’s coupon rate. It assumes that coupon and
principal payments are made on time. Further, it does not consider taxes paid by the investor or
brokerage costs associated with the purchase.
The formula for calculating YTM is shown below:
In addition to evaluating the expected cash flows from individual bonds, yields are used for more
sophisticated analysis. Investors may buy and sell bonds of different maturities to take advantage of
the yield curve, which plots the interest rates of bonds having equal credit quality but differing
The slope of the yield curve gives an idea of future interest rate changes and economic activity. Investors may also look for difference in interest rates between different categories of bonds.
A yield spread is the difference between yields on differing debt instruments of varying maturities, credit ratings, issuer, or risk level, calculated by deducting the yield of one instrument from the other -- for example the spread between 5-year AAA corporate bonds and 5-year Gsec. This difference is most often expressed in basis points (bps) or percentage points.
A bond's face, or par value will often differ from its market value. This has to do with several factors including changes to interest rates, a company's credit rating, time to maturity, whether there are any call provisions or other embedded options, and if the bond is secured or unsecured. A bond will always mature at its face value when the principal originally loaned is returned.
Bond prices and yields act like a seesaw: When bond yields go up, prices go down, and when bond yields go down, prices go up. A bond that pays a fixed coupon will see its price vary inversely with interest rates. This is because bond prices are intrinsically linked to the interest rate environment in which they trade for example - receiving a fixed interest rate, of say 8% is not very attractive if prevailing interest rates are 9% and become even less desirable if rates move up to 10%. In order for that bond paying 8% to become equivalent to a new bond paying 9%, it must trade at a discounted price. Likewise, if interest rates drop to 7% or 6%, that 8% coupon becomes quite attractive and so that bond will trade at a premium to newly issued bonds that offer a lower coupon.
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