Fixed Income
Fixed income beyond the bank FD
Listed NCDs and bonds — selected on credit quality first and yield second, then laddered across maturities. Corporate fixed deposits are launching soon.
01 — The Risk Truth, First
Corporate FDs and NCDs carry issuer credit risk — the highest rate is usually the wrong place to start.
Not bank deposits — no DICGC cover
Corporate FDs and NCDs carry issuer credit risk, are not bank deposits, and are not covered by DICGC insurance. If the issuing company fails to pay, there is no deposit insurance backstop. This is the first thing to understand — not a footnote.
A credit rating is an opinion, not a guarantee
Ratings from CRISIL, ICRA, and CARE reflect a rating agency's assessment of default probability at a point in time — they are not guarantees of repayment. Downgrades happen, sometimes quickly. A high rating today does not mean the issuer cannot face difficulty tomorrow.
The highest rate usually means the highest risk
The issuer offering the most attractive rate on a comparison site is almost always the one accepting the most credit risk. Selecting for yield before credit quality is the wrong sequence — it optimises for return and ignores the probability that the return arrives at all.
02 — What We Offer
Rated instruments — one available now, one on the way.
Listed NCDs & Bonds
Secured and unsecured — the difference matters at default, not before.
Listed Non-Convertible Debentures and bonds offer tradability on exchanges, though secondary market liquidity is typically thin. Secured bondholders have first claim on specific pledged assets; unsecured bondholders rank with general creditors. We explain this distinction clearly before any instrument is discussed.
Rated Corporate FDs
Fixed tenors, issuer rating reviewed first.
Corporate FDs issued by NBFCs and companies, selected on issuer credit rating and tenor match to your goal timeline. They are not bank deposits and are not covered by DICGC insurance. Minimum investment, current rates and specific offers will be shared in conversation — not published on a page that goes stale.
03 — The Laddering Method
We're called Ladder for a reason.
Maturity laddering means staggering your fixed-income investments across 1-, 2-, 3-, and 5-year windows so that capital becomes available at regular intervals. This reduces reinvestment-rate risk — the danger of having to roll everything over at whatever rates happen to prevail in a single moment — and provides periodic liquidity without forcing early redemption at a discount.
Map the goal timeline
How much capital, when it is needed, and how frequently — mapped against the goals it is meant to fund. A ladder is built around a timeline, not around a rate.
Set the credit floor
Establish the minimum acceptable issuer credit rating for each bucket before yield enters the conversation. Credit quality is the constraint; yield is the outcome after the constraint is satisfied.
Select instruments and issuers
Across rated corporate FDs, listed bonds, and NCDs — matching tenor to the corresponding rung of the ladder. Issuer shortlists and specific offers are shared in conversation.
Stagger the maturities
Build the ladder with rungs at regular intervals — 1-, 2-, 3-, and 5-year maturities, staggered so capital becomes available progressively rather than all at once. Each rung reduces concentration in any single maturity point.
Review and re-ladder
As each rung matures, the capital is either redeployed into a new far-end instrument (extending the ladder) or redirected to the goal it was funding, if that goal is now within reach. The ladder is a live structure, not a set-and-forget allocation.
Rates change every week. A table on this page would be stale before you read it.
Rates on corporate FDs and NCDs shift constantly with RBI policy, issuer fundraising needs, and market conditions. Publishing a rate table would require updates multiple times a month to remain accurate — and stale rates create false expectations before a single conversation has happened. Current options, issuer shortlists, and indicative yields are shared in conversation, where context travels alongside the number.
04 — Goal Alignment
Not a substitute for equity — a complement to it.
Which goal buckets use fixed income
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Near-term goals (1–3 years)
Where a defined return over a defined period matters more than long-term compounding — a home purchase, a child's education funding tranche, or a specific liability due within a few years.
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Capital preservation buckets
Portions of the portfolio where capital preservation is the primary objective and equity volatility is inappropriate — typically for investors closer to their goals or drawing income from their portfolio.
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Income and liability-matching allocations
Where the predictability of coupon or interest payments maps to a known liability or income need — making the timing certainty of bonds more valuable than equity's growth potential.
Where fixed income does not belong
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Long-horizon growth goals (10+ years)
For goals a decade or more away, equity's compounding advantage makes fixed-income instruments the wrong tool. Using credit instruments for long-horizon wealth accumulation trades away growth in exchange for certainty that, over long periods, is not worth the cost.
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Emergency funds
Emergency reserves need instant liquidity, not a fixed maturity. Liquid or overnight mutual funds are the right vehicle — corporate FDs and NCDs carry premature-withdrawal penalties or illiquid secondary markets that make them unsuitable for money you may need immediately.
05 — Common Questions
What people usually ask about corporate FDs and bonds.
Are corporate FDs as safe as bank FDs?
What is the minimum investment?
What happens if I need to exit early?
How is interest from corporate FDs and NCDs taxed?
06 — Fixed Income
Ask us about current options.
Rates, issuers and credit quality are shared in conversation — not on a page that goes stale.
Phone / WhatsApp
+91 98194 44453Hyderabad
Royal One Apartments, 304
Road No. 8, Banjara Hills
Hyderabad – 500034
Mumbai
Office 12, Shri Paramanand Society
Road No. 5, Khar West
Mumbai – 400052