Zerodha NCD Bonds

Bonds / NCDs on Kite

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Listed NCDs and bonds can be accessed on Kite in two ways:

1. Secondary market (Kite)

  • Trade listed NCDs / bonds on NSE / BSE retail debt segment.
  • Search by ISIN or scrip name.
  • Equity-like brokerage applies.

2. Primary issuance (Zerodha bonds platform)

  • For new bond / NCD issues.
  • Apply via zerodha.com/bonds.
  • Bonds credited to demat after allotment.

Common listed NCDs on Kite

  • Tax-free bonds: HUDCO, NHAI, REC, PFC (legacy tax-free issues).
  • Corporate NCDs: TATA Capital, L&T Finance, Mahindra Finance, etc.
  • Perpetual / AT1 bonds: Bank AT1 bonds (with caveats post Yes Bank AT1 episode).

Pricing convention

  • Listed NCDs trade on clean price typically.
  • Accrued interest computed at settlement.
  • Some retail debt instruments have wide bid-ask spreads.

Tax

NCD coupon: Interest income (slab rate, TDS if applicable). NCD capital gain: STCG / LTCG per holding.

See also

External references

References

  1. SEBI, Debt market segment, sebi.gov.in.
  2. Zerodha, NCDs and bonds, zerodha.com/bonds/.

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The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

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