Question 1

What is the current yield on AXIS MAX LIFE INSURANCE LIMITED (INE511N08040)?

Accepted Answer

The latest traded yield (LTY) on AXIS MAX LIFE INSURANCE LIMITED (INE511N08040) is 8.60%. Over the past week it has averaged 0.00%. The four-week average is 8.60%. The most recent recorded trade was on 01 Oct 2026.

Question 2

What is the coupon rate of AXIS MAX LIFE INSURANCE LIMITED NCD INE511N08040?

Accepted Answer

This NCD carries a coupon of 8.58% on a face value of ₹1,00,000, paid once a year (-).

Question 3

When does AXIS MAX LIFE INSURANCE LIMITED (INE511N08040) mature?

Accepted Answer

AXIS MAX LIFE INSURANCE LIMITED (INE511N08040) is scheduled to redeem on 28 Sep 2036, which is 9 years 11 months away. It also carries a put/call option: Put:  Call: 5 years from the date of allotment and annually thereafter;21 calendar days prior to call option date;21 calendar days prior to call option date;Please refer summary term sheet for details.

Question 4

What is the credit rating of AXIS MAX LIFE INSURANCE LIMITED (INE511N08040)?

Accepted Answer

This bond is rated AA+ by CARE RATINGS LIMITED, a high-safety investment grade, implying very low expected default risk.

Question 5

What is the face value and latest traded price of INE511N08040?

Accepted Answer

Each unit has a face value of ₹1,00,000, and the latest traded price is ₹99.9. The total issue size is ₹686 Cr.

Question 6

How is interest on this NCD taxed in India?

Accepted Answer

Interest received on a listed NCD is added to your income and taxed at your slab rate. Gains from selling a listed NCD on the exchange before maturity are taxed as capital gains — short-term at your slab rate if held 12 months or less, and at 12.5% without indexation if held longer. Read the full tax guide

AXIS MAX LIFE INSURANCE LIMITED

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