Here you will be given the information on all Upcoming NCD Issues 2026. The full form of the NCD issue is Non-Convertible Debentures. It is a financial instrument that is used by companies to raise money through public issues. NCD is also called a safe and redeemable corporate bond. NCD is also a way for companies to raise money like IPO, but there is also a difference between NCD & IPO.
When a company raises money through NCDs, it takes it as a loan. Therefore, the company has to pay interest on the loan taken. NCDs have a fixed maturity date and in this, investors get returns with a fixed rate of interest.
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Upcoming NCD Issue 2026
| Company | Date | Price | Rating |
| Power Finance Corporation Limited | 16 Jan - 30 Jan | ₹1000 | Crisil AAA ICRA AAA CARE AAA |
| Adani Enterprises | 06 Jan - 19 Jan | ₹1000 | Crisil AA- ICRA AA- |
| Company | Date | Price | Rating |
| Muthoot Mercantile | 16 Jul - 29 Jul | ₹1000 | IND BBB/Stable |
| Sammaan Capital | 15 Jul - 28 Jul | ₹1000 | Crisil Ratings Limited AA ICRA Limited AA |
| KLM Axiva Finvest | 09 Jul - 22 Jul | ₹1000 | ACUITE BBB Stable |
| Adani Enterprises Limited | 09 Jul - 22 Jul | ₹1000 | CARE AA (Stable) BWR AA-/Stable |
| Edelweiss Financial Services | 08 Jul - 21 Jul | ₹1000 | CRISIL A Stable |
| Kosamattam Finance Limited | 07 Jul - 18 Jul | ₹1000 | IND A |
| Muthoot Fincorp Limited | 04 Jul - 17 Jul | ₹1000 | CRISIL AA-/Negative |
There are two types of NCD Issues:
- Secured NCD Issue: Secured NCDs have the security of the company. This means that if the company is not able to pay the investors their money, then the investors can recover their money by selling the assets of the company.
- Unsecured NCD issue: There is no security of the company in this. That is, if the company is not able to return its money to the investors, then it may be difficult for the investors to get their money back. Unsecured NCDs have a higher risk than secured NCDs.
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Why Invest in NCDs?
- Higher Interest Rates: Compared to traditional savings instruments, NCDs offer better returns.
- Regular Income: Investors receive interest payouts either monthly, quarterly, or annually.
- Diversification: Adding NCDs to a portfolio balances risk and provides stability.
- Market Tradability: Listed NCDs can be sold on stock exchanges, offering liquidity.
Risks Involved :
- Credit Risk: If the issuing company defaults, investors may lose their principal or interest.
- Interest Rate Risk: Rising interest rates can lower the market price of NCDs.
- Liquidity Risk: Unlisted NCDs may be difficult to sell before maturity.
How to Invest in NCDs?
Investors can buy NCDs through public issues during new offerings or via secondary markets on stock exchanges. It’s crucial to analyze the company’s financial health and credit ratings before investing.
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Some Important Tips for Investing in NCD Issues:
Investors should also keep the following things in mind before investing in the NCDs of any company.
- Business Quality: The better way to understand any NCD issue is to understand the business quality of that company, what and how the company does business, and also to see how diversified that company is. If the business of the company is diversified, then the risk in such companies is less for the investors.
- NCD Secured or Unsecured: Before investing in NCDs, investors should check whether the NCD is secured or unsecured. Secured NCDs have less risk. Apart from this, investors must also pay attention to the tenure of NCDs. In terms of risk, it is good for investors if the tenure of NCDs is short.
- Interest Rate: Before investing in any NCD, it should be checked what is the rate of interest the company is offering. Through this, you can calculate the return after tax and inflation.
- Rating: Rating agencies give ratings to companies according to their opinion. A company’s rating is good, it is not a guarantee that that company will perform well in the future.
- Objective of the issue: Investors should understand the purpose for which the money is being raised. Whether the money will be used to pay off existing loans for business purposes or for capital investment. Understanding this, investors should make investment decisions.
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NCD Issue FAQs :
What are Non-Convertible Debentures (NCDs)?
Non-Convertible Debentures (NCDs) are debt instruments issued by companies to raise capital. Unlike convertible debentures, NCDs cannot be converted into equity shares and are repaid at maturity with interest.
How do NCDs differ from convertible debentures?
NCDs cannot be converted into equity shares, while convertible debentures can be converted into the issuing company’s shares after a specified period. NCDs offer fixed interest payments and return of principal at maturity.
What are the key features of NCDs?
Fixed Interest Rate: NCDs offer a fixed or floating interest rate.
Tenure: Typically ranges from 1 to 10 years.
Credit Rating: NCDs are rated by credit rating agencies based on the issuer’s creditworthiness.
Liquidity: Listed NCDs can be traded on stock exchanges.
Are NCDs safe investments?
NCDs are relatively safer than equity investments but carry credit risk. The safety depends on the issuer’s credit rating. Higher-rated NCDs (e.g., AAA) are considered safer, while lower-rated ones may offer higher returns but with increased risk.
How are NCDs taxed?
Interest Income: Interest earned on NCDs is taxed as per the investor’s income tax slab.
Capital Gains: If NCDs are sold before maturity, capital gains tax applies. Short-term capital gains (if held for less than 12 months) are taxed as per the slab rate, while long-term capital gains (if held for more than 12 months) are taxed at 10% without indexation or 20% with indexation.
Can NCDs be traded in the stock market?
Yes, listed NCDs can be traded on stock exchanges, providing liquidity to investors. However, the trading volume may be low compared to equities.
What is the minimum investment in NCDs?
The minimum investment in NCDs typically starts at ₹10,000, depending on the issue. Retail investors often get preferential allotment in public issues.
What happens if the issuer defaults on NCDs?
In case of default, NCD holders are considered creditors and can take legal action to recover their investment. However, recovery depends on the issuer’s financial health and available assets.
Who should invest in NCDs?
NCDs are suitable for risk-averse investors seeking fixed income with higher returns than traditional fixed deposits. They are ideal for those looking for regular interest income and capital preservation.
How to invest in NCDs?
Primary Market: Invest during the public issue of NCDs through a broker or online platform.
Secondary Market: Buy listed NCDs from stock exchanges using a trading and Demat account.
Disclaimer: Stock Market Investments are Subject to Market risks, read all scheme Related Document Carefully Before Investing.