Bonds & Fixed Deposits

Bonds and Fixed Deposit products available on Wealthy — private bonds, state-guaranteed bonds, 54EC bonds, and commission rates.

Overview

Bonds and FDs serve an important role in client portfolios for risk management, capital preservation, short-term goals, and guaranteed income. They complement equity MFs and provide an additional revenue stream for partners.

Commission Rates

Source: official Fixed Income payout sheet from Wealthy AMC partnerships team, applicable from 1 Feb 2026. Also available in CRM → Resource Center → Payout & Contests → Fixed Income. Always check the planner for the latest applicable rates.

Product Commission Type
54EC Bonds 0.20% – 0.25% Upfront (one-time)
Secondary Bonds / NCDs 0.50% – 1.90% Upfront (varies by tenure)
Fixed Deposits 0.35% – 1.68% Upfront (varies by tenure & ticket size)

54EC Bonds (Capital Gains Tax Saving)

Upfront commission, calculated on total face value of investment. Rates were recently increased and are among the most competitive in the market.

Issuer Payout
PFC 0.20%
IRFC 0.25%
REC 0.25%

Secondary Bonds / NCDs

Issuer Payout
All Issuers 0.50% – 1.90% (based on tenure)

Fixed Deposits

Tenure (months) Ticket < ₹10L Ticket ≥ ₹10L*
12 0.46% 0.52%
15 0.35% 0.40%
18–23 0.46% 0.52%
24–35 0.84% 0.96%
36–47 1.40% 1.60%
48–59 1.44% 1.64%
60 1.47% 1.68%

* For cases ≥ ₹10L: planner shows base commission only; the bonus is released separately as an Incentive Reward.

Available Bonds

Private Bonds

Issuer Maturity Coupon
ESAF Small Finance Bank 2031 11.30%
Aye Finance Private Ltd 2027 10.25%
MAS Financial Services Ltd 2029 10.75%
IIFL Samasta Finance 2028 9.75%
Vivriti Capital 2028 9.30%
Navi Finserv 2028 10.75%

State Guaranteed Bonds

Issuer Maturity Coupon
Kerala Infrastructure Investment Fund Board 2030 9.67%
Kerala Infrastructure Investment Fund Board 2032 9.67%

High Rated Bonds

Issuer Maturity Coupon
Piramal Finance 2031 6.75%
Hinduja Leyland Finance 2030 9.25%

54EC Bonds (Capital Gains Tax Saving)

  • REC
  • PFC
  • IRFC

When to Recommend Bonds & FDs

  • Risk management — For conservative clients or conservative allocation
  • Capital preservation — When protecting principal is priority
  • Short-term goals — 1-3 year horizon
  • Guaranteed income — Regular coupon payments
  • Tax planning — 54EC bonds for capital gains tax exemption

Ideal approach: Recommend a mix of MFs and Bonds/FDs based on client goals and risk appetite. Both have a place in a well-diversified portfolio.