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

    • Related Articles

    • Is Demat account necessary to invest in these NCDs

      Having a Demat account to invest in NCDs is essential as most debentures are issued in dematerialised mode. Open a free Demat account with IIFL Securities in under five minutes and invest in various financial instruments from the app.

    • How to delete an NCD bid?

      Through TTweb 1. Login to https://ttweb.indiainfoline.com/trade 2. Select Market. 3. Select IPO/FPO/Bonds 4. Click on ""View Status"" at top right 5. Click on delete button icon, and confirm by clicking ""Cancel all Bids"". 6. Bids will be ...

    • How to Apply for a NCD with IIFL?

      - Login to Oneup via your Mobile App, TTweb, or opening oneup.indiainfoline.com - Click on the NCD you want to apply for. - Select the series you want to invest for and click 'Next' - Check the investor category and enter you UPI ID (upto Rs. 500000) ...

    • What is NCD?

      Non-Convertible Debenture (NCD) is fixed income instrument issued by companies to raise funds to meet various financial goals. NCD is listed in exchanges (ISIN number) and can be traded on stock exchanges. Interest on the investment amount can be ...

    • How NCD are traded?

      Once the primary issue is closed and allotment given to the investors. The NCDs get listed in exchange then it stared trading in secondary market based on liquidity. So, you can either choose to subscribe when a company announces NCD or buy later ...