Adani Enterprises NCD :If you are looking for a better option for investment, then you are going to get a good opportunity. Adani Enterprises’ Non Convertible Debentures is opening on 4 September. This NCD is offering high returns on your investment. The company is paying up to 9.90 per cent annual interest on schemes maturing in different periods. The size of this non-convertible debenture is Rs 800 crore at a face value of Rs 1000. Its base size is Rs 400 crore, while it also has an option of green shoe of Rs 400 crore. Investment can be made in this NCD till 17 September 2024. The NCD will be listed on both BSE and NSE exchanges.
Subhadra Yojana: Women will get 10 thousand rupees annually, scheme started on PM Modi’s birthday, who is eligible to apply
NCD : Interest up to 9.70% p.a.
There are 8 series of NCDs, in which coupon rates are fixed. There are investment options under NCD for a period of 24 months, 36 months and 60 months. In these, the option of paying interest on annual and monthly basis can be taken. The interest rates for options maturing in different periods range from 9.25 percent per annum to 9.90 percent per annum.
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
| Interest Payments | Annual | translations cumulative | Quarterly | Annual | translations cumulative | Quarterly | Annual | translations cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Duration | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months |
| Coupon (%/annum) | 9.25% | NA | 9.32% | 9.65 | NA | 9.56% | 9.90% | NA |
| Yield (%/annum) | 9.25% | 9.25% | 9.65% | 9.65% | 9.65% | 9.90% | 9.89% | 9.90% |
NCD : Investment Limit
The price of one NCD is Rs 1000. Investors will have to invest in at least 10 NCDs. That is, investors will have to invest at least Rs 10,000. It will be allotted on a first come first serve basis based on the date of uploading the application in the electronic book of BSE Limited.
SIP Long Term: A 30-year old investor’s wealth will increase 30 times on retirement! How much SIP will be required for a fund of Rs 5 crore
Rating of NCD
The NCDs to be issued under the issue have been rated “CARE A+; Positive (Single A Plus; Outlook: Positive)” by CARE Ratings. Options with this rating are considered to have a high degree of safety with respect to timely servicing of financial obligations. Such instruments have very low credit risk. The NCDs will be listed on BSE and NSE.
Compounding 7-3-2 Rule: Your wealth will increase by 1 crore every year, understand this excellent formula of compounding
What is NCD?
NCD is a means for companies to raise money from the market. Just like companies raise money through IPO, they also raise money through NCD. When a company raises money through NCD, it takes it as a loan. Therefore, the company has to pay interest on the loan taken. NCD has a fixed maturity date and investors get returns with a fixed interest rate.
For example, a company has issued an NCD in which you invest. The company pays you interest at a fixed rate on the money you invest in it. The company needs money, so the interest given to you is also higher. NCD has different maturity periods and different interest rates are fixed for it.
(Disclaimer: We have given information about NCD here. This is not an investment advice. There are risks in the market, so consult an advisor before investing. Do a thorough research about NCD.)
