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What is NCD Investment?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

An NCD is a long-term investment. Non-convertible investments function like time deposits. The investment has a fixed interest rate, a maturity of 1-15 years, and a yield to maturity. The investor purchases the NCD, and at maturity, the issuer repays the principal with intermittent interest payments.


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