NCD is Non-Convertible Debenture. An instrument which offers a FIXED rate of INTEREST for a specified tenure. Non-Convertible Debentures do not get CONVERTED into Equity shares at a later date unlike a Convertible Debenture.
|Frequency of Interest payment||Anuual||Cummulative||Annual||Monthly||Annual||Monthly|
|Tenor||38 months||38 months||60 months||60 months||120 months||120 months|
since the NCD are to be issued in DEMAT Format, there will be no deduction of TDS. However, the investor is liable to declare this Interest Income in his Returns and pay INCOME Tax as PER HIS TAX SLAB
Investors looking at steady interest income for long term may consider investment in this AA/stable rated debt issue.
1. The interest are TAXABLE in the hands of investor as per Tax Slab
Please invest in the NCD in moderate portion and ensure that you do not cross your DEBT ALLOCATION.
The recently listed NCDs of Edelweiss Retail Finance is traded at about 1% PREMIUM to the issue price.....Hmm
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