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Did you know? Cumulative interest earned on NCDs is interest income, not capital gains

Updated : April 26, 2019 09:09 AM IST

NCDs are fixed-return instruments issued by companies when they want to borrow money. Typically, NCDs come with a credit rating; the higher the rating, the lower are the coupons paid, and vice-versa.
Most NCDs provide the option of receiving interest payments either monthly, quarterly or annually.
Did you know? Cumulative interest earned on NCDs is interest income, not capital gains
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