Is NCD worth it?

NCD is good for long-term investments.

NCDs have a fixed tenure. The companies pay a fixed interest amount to the investors at regular intervals as chosen by the investor. On maturity, the company returns the entire principal amount to the investor. NCDs give expected returns when held till maturity. If an investor sells the NCD before the maturity period, the investor stops receiving the interest and thus the returns may not be as expected.

Compared to convertible debentures or Fixed Deposits, NCDs provide superior returns, liquidity, low risk, and tax advantages to investors.