One-Stop Platform for All Your Bond Investments

Secure your financial future with fixed-income instruments that offer higher returns than traditional deposits.

Higher Returns

Earn up to 10.5% p.a., far better than most fixed deposits.

Portfolio Diversification

NCDs are an excellent way of diversifying your investment portfolio.

Steady Income

Enjoy regular interest payouts: monthly, quarterly, or annually.

NCD Calculator

Bond's Original Price

Face Value

₹

Current Buying Price

Current Bond Value

₹

Fixed Yearly Interest

Coupon Rate

Lock-in Period

Tenure

How often you get paid

Payout frequency

Quarterly

If you Invest today

₹ 1,03,000.00

Your Profit

₹ 40,750.00

In Total, you'll get

₹ 1,43,750.00

Your money returns on

25 Aug 2031

YTM

7.98%

Every Quarter, you'll get

₹ 2,188.00

Invest in new NCD public issues at original prices

Be the first to lend to top companies. Subscribe to freshly launched NCDs at a fixed issue price and lock in high interest rates before they hit the stock exchange.

Klm Axiva Finvest Limited

Yield

~11.10%

Maturity

~79 months

Rating

BBB-

Closes on 01 Sep

Apply now

Kosamattam Finance Limited

Yield

~10.41%

Maturity

~84 months

Rating

Closes on 01 Sep

Apply now

All Listed bonds

These bonds offer high interest rates, lower risk than equities, and steady income, making them a smart choice.

Mahaveer Finance (India) Limited

Min. investment 1.01L

Yield

12.90%

Maturity

29 Sep 2031

Rating

CRISIL BBB+

High yield

View details

Muthoot Mcred Limited

Min. investment 9.70k

Yield

10.86%

Maturity

07 Aug 2029

Rating

ICRA A

Low investment

View details

Navi Finserv Limited

Min. investment 10.05k

Yield

10.70%

Maturity

31 Mar 2028

Rating

CRISIL A

Low tenure

View details

Vivriti Capital Limited

Min. investment 10.00k

Yield

10.00%

Maturity

29 Oct 2027

Rating

ICRA A+

Low tenure

View details

Why Invest in Bonds?

Bonds are a low-risk and reliable investment that offer steady income to the investors while preserving capital. Unlike stocks, bonds give a clear indication of when and how much return (interest) you will be paid. Bonds, government bonds to be specific, are safe and low-risk investments suitable for risk-averse investors seeking wealth preservation and steady income.

Stocks vs Bonds? Which Investment Is Better for You?

Bonds

Fixed Interest Return
Low Risk
Suitable for Investors with low risk tolerance
Steady Income & Capital Preservation

Stocks

Unpredictable Returns
High Risk
Suitable for Investors with high risk tolerance
Wealth Creation

Types of NCDs

On Upstox, you can invest in various types of newly issued and listed bonds based on your investment goals and risk appetite.

These bonds have a fixed issue price, ranging from ₹1,000 to ₹10,000 per bond.
The subscription window for these bonds lasts for a few days.
Bonds are allotted after the issue closes.
These new bonds are listed on the Indian Stock Exchanges.
Returns on these bonds are declared at issuance.

Primary market bonds suit investors seeking predictable returns, offering wealth preservation and steady income.

Things to Consider Before Investing in Bonds

Check Credit Ratings

Bonds are rated by credit rating companies to assess creditworthiness. High ratings indicate lower default risk.

Issuer's Financial Health

Fundamentally analyse the issuer's financials to assess its ability to pay interest and repay the debt obligations.

Secured vs Unsecured

NCDs can be secured or unsecured. Secured NCDs are asset-backed, enabling recovery if the company defaults. Unsecured NCDs are riskier.

Liquidity

Check the liquidity of NCDs to ensure they're tradable so you can redeem your NCDs before maturity in case of financial emergencies.

How to Invest in NCDs on Upstox?

Buying term insurance from Upstox is easy. Just follow these steps.

How to Invest in NCDs on Upstox?

Download the Upstox App and create your account if you don't have one.

Go to 'Bonds' Segment

Tap on 'More' in the middle or at the bottom of the homepage, depending on what mode you're in.

Choose NCDs Category

Upstox offers various types of NCDs to help you achieve your unique goals based on your risk appetite.

Read All NCD-Related Documents

Carefully read all NCD-related documents to make informed investment decisions.

Select Bond Units & Buy

Select the number of bonds you wish to invest in and tap on 'Buy Now'.

FAQs

What are Non-Convertible Debentures (NCDs)?

Non-Convertible Debentures (NCDs) are issued by companies and governments that offer fixed interest returns and cannot be converted to equity in the future.

Are NCDs safe to invest in?

Yes, NCDs are strictly regulated by the Securities and Exchange Board of India (SEBI) and issued by RBI-registered entities.

What is the minimum amount required to invest in an NCD on Upstox?

Upstox allows you to invest in NCDs for as low as ₹1000.

How much return can I expect from NCDs?

The returns on NCDs vary depending on the issuer and its credit ratings. Before investing in any NCD, Upstox will disclose when and how much interest you can expect on your investment.

Where can I see the list of available NCDs on Upstox?

Follow the steps below to see the list of NCDs available on Upstox:

Log in to the Upstox app.
In 'Trader' mode, tap on 'More' on the homepage and click on 'Bonds'.
In 'Investor' mode, tap on 'More' at the bottom of the page and click on 'Bonds'.
You will see different categories of NCDs you can invest in.

Where will the allotted NCDs appear?

The allotted NCDs will appear in your Upstox portfolio under 'Holdings'.

Can I exit or sell my NCDs before maturity?

Yes, you can sell/redeem your NCDs before maturity by selling them on Indian stock exchanges (NSE & BSE).

Is a demat account mandatory for investing in NCDs?

Yes, a demat account is mandatory for investing in NCDs, as they will be held in your demat account in a dematerialised form.

Higher Returns

Portfolio Diversification

Steady Income

NCD Calculator

Klm Axiva Finvest Limited