Who can invest in NCD?

Who can invest in NCD?

Category I (Institutional Category)
•  Public Financial Institutions, Statutory Corporations, Commercial Banks, Co‐operative Banks and Regional Rural Banks which are authorized to invest in NCDs.
•  Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorized to invest in NCDs.
•  Venture Capital Funds and/or Alternative Investment Funds registered with SEBI.
•  Insurance Companies registered with IRDA.
•  National Investment Funds.
•  Mutual Funds.

Category II (Non Institutional Category)
•  Companies; bodies corporate and societies registered under applicable laws in India and authorized to invest in the NCDs.
•  Public/Private Charitable/Religious trusts which are authorized to invest in NCDs.
•  Scientific and /or industrial research organizations; which are authorized to invest in the NCDs.
•  Partnership firms in the name of partners; and
•  Limited Liability Partnership formed and registered under the provisions of the LLP Act, 2008 (No.6 of 2009).

Category III (Individual Category)
•  Resident Indian Individuals.
•  Hindu Undivided Families through the Karta

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