You can invest in listed bonds through the Chola Securities platform. Chola Securities is a SEBI registered Online Bond Platform Provider (OBPP). Open a demat account, browse the curated range of listed bonds by category, compare coupon, yield, rating and maturity, and invest from as little as Rs 1,000.
You can start investing in bonds on Chola Securities from as little as Rs 1,000. For new bond and NCD public issues, the minimum investment may differ. For example, the listed Muthoot Finance and Indostar Capital Finance NCD issues each carry a minimum investment of Rs 10,000.
Chola Securities offers more than eight categories of listed bonds. These include zero coupon bonds, government guaranteed bonds, PSU bonds, private bonds, bank bonds, municipal bonds, G-Sec and state development loans, and high yield bonds. Each bond shows its coupon, maturity, credit rating, bond type, yield and price.
An Online Bond Platform Provider (OBPP) is an entity registered with SEBI to offer listed debt securities to investors through an online platform. Chola Securities is a SEBI registered OBPP, which means you can invest in listed bonds through a regulated platform.
The listed bonds on Chola Securities carry credit ratings ranging from AAA to BBB, assigned by rating agencies such as CRISIL, ICRA, CARE and others. Government securities and state development loans are sovereign rated. A higher rating generally indicates lower credit risk, while higher yield bonds typically carry lower ratings.
The coupon is the fixed interest rate the bond pays on its face value. The yield, shown as yield to maturity, reflects the total return an investor can expect if the bond is held to maturity, based on its current price. On Chola Securities, each bond listing displays both its coupon and its yield so investors can compare.
Yes. As per Section 193 of the Income Tax Act, 1961, effective from 1 April 2023, TDS is deducted at the rate of 10%, or such other rate as may be applicable, on the interest payable on listed securities held in dematerialised form. For tax guidance specific to your situation, consult a qualified tax advisor.