High-interest, monthly-payout, Indian NCDs are an alternative to Fixed Deposits (FDs)

The interest rates on bank FDs have been reduced. Corporate NCDs traded on BSE provide an alternative to bank FDs

Non-Convertible Debentures (NCDs) are high-risk debt instruments issued by corporates. Unlike shares, they have no voting power. Some of them are traded on stockmarkets. NCDs are less liquid than equity. Hence, small-denomination NCDs are best bought in lots of 5 or 10. Indicative yield are as provided by ICICI Trade based on last-traded price, coupon rate and maturity date and may not be accurate. If you have appetite for equities, then you can put a part of your investments in NCDs but NOT ALL OF IT. Here are a few NCDs that payout high interest on a monthly basis. (Ex/Record date for the payout date changes with each month.) If you invest Rs. 1000 in a monthly payout NCD with coupon rate of 12%, the interest credited to your bank account (linked to your demat account) will be Rs. 10 every month.

Company Scrip Coupon Rate Coupon Payout Frequency Last Trade Price/Maturity Amount Ex date/Record date Indicative Yield Maturity Date
India Infoline Finance Limited INDIA INFO OPT1 12.75% 17SEP18 ICRA AA-CRISIL AA- 12.75 Monthly 1,079.82
1,000.00
24-Jun-2016
27-Jun-2016
9.09% 20-Sep-2018
India Infoline Finance Limited INDIA INFO OPT1 12.75% 17SEP18 ICRA AA-CRISIL AA- 12.75 Monthly 1,078.18
1,000.00
24-Jun-2016
27-Jun-2016
9.17% 20-Sep-2018
India Infoline Housing Finance Limited INDIA INF HOU OP1 NCD12% 2AP20 ICRA AA-CRISIL AA- 12 Monthly 1,117.99
1,000.00
22-Jun-2016
23-Jun-2016
8.61% 02-Apr-2020
India Infoline Finance Limited IIFL OPT III 12% NCD 30SP18 CARE AABWR AA 12 Monthly 1,082.00
1,000.00
22-Jun-2016
23-Jun-2016
8.25% 30-Sep-2018
India Infoline Finance Limited IIFL OPT III 12% NCD 30SP18 CARE AABWR AA 12 Monthly 1,050.00
1,000.00
22-Jun-2016
23-Jun-2016
9.89% 30-Sep-2018
ECL Finance Limited (Edelweiss) ECL FIN SR-U-01 12 26AP20 FV1K 12 Monthly 1,104.99
1,000.00
16-Jun-2016
17-Jun-2016
9.12% 14-May-2020
ECL Finance Limited (Edelweiss) ECL FIN SR-U-01 12 26AP20 FV1K 12 Monthly 1,102.90
1,000.00
16-Jun-2016
17-Jun-2016
9.19% 14-May-2020
ECL Finance Limited (Edelweiss) ECL OPTN III 11.85 28JN19 FV1K CARE AABWR AA 11.85 Monthly 1,089.00
1,000.00
16-Jun-2016
17-Jun-2016
8.27% 28-Jan-2019
ECL Finance Limited (Edelweiss) ECL OPTN III 11.85 28JN19 FV1K CARE AABWR AA 11.85 Monthly 1,094.79
1,000.00
16-Jun-2016
17-Jun-2016
8.01% 28-Jan-2019
Manapuram Finance Limited MANAPPURAM FIN S8 11.5 05AP19 ICRA A+ 11.5 Monthly 1,050.00
1,000.00
20-Jun-2016
21-Jun-2016
9.80% 05-Apr-2019
Manapuram Finance Limited MANAPPURAM FIN S8 11.5 28JN19 CRISIL A+ 11.5 Monthly 1,007.50
1,000.00
20-Jun-2016
21-Jun-2016
11.69% 28-Jan-2019
Muthoot Finance Limted MUTHOOT OP III 11.5 NCD 25SP18 ICRA AA-CRISIL AA- 11.5 Monthly 1,015.20
1,000.00
15-Jun-2016
16-Jun-2016
11.21% 24-Sep-2018
Sree Infrastructure Finance Limited SREI INF S4 CT3 11.4 28MY19 CARE AA-BWR AA 11.4 Monthly 1,130.00
1,000.00
21-Jun-2016
22-Jun-2016
6.65% 28-May-2019
Sree Infrastructure Finance Limited SREI INF S4 CT3 11.4 28MY19 CARE AA-BWR AA 11.4 Monthly 1,002.00
1,000.00
21-Jun-2016
22-Jun-2016
11.88% 28-May-2019
Manapuram Finance Limited MANAPPURAM FIN S8 11.25 18OT19 CRISIL A+ 11.25 Monthly 1,030.00
1,000.00
20-Jun-2016
21-Jun-2016
10.62% 18-Oct-2019
SREI Infra Bonds SREI INF SR-3 11.16 NCD 26SP18 CARE AA-BWR AA 11.16 Monthly 1,030.00
1,000.00
04-Jul-2016
05-Jul-2016
10.13% 26-Sep-2018
Sree Infrastructure Finance Limited SREI INF S4 CT1&2 10.95 28MY19 CARE AA-BWR AA 10.95 Monthly 1,000.00
1,000.00
21-Jun-2016
22-Jun-2016
11.48% 28-May-2019
Muthoot Finance Limted MUTHOOT OP3 10.75 04DC18 FV1K ICRA AA-CRISIL AA- 10.75 Monthly 990.00
1,000.00
15-Jun-2016
16-Jun-2016
11.76% 04-Dec-2018
Muthoot Finance Limted MUTHOOT OPT3 10.75 04FB19 FV1K CRISIL AA-ICRA AA- 10.75 Monthly 1,001.00
1,000.00
15-Jun-2016
16-Jun-2016
11.18% 04-Feb-2019
Sree Infrastructure Finance Limited SREI INFRA S6 10.72 LOA 12NV19 CARE AA-BWR AA 10.72 Monthly 1,020.00
1,000.00
21-Jun-2016
22-Jun-2016
10.22% 12-Jan-2019
Muthoot Finance Corporation Limted MUTHOOT FIN 10.50 5NV18 FV1K CRISIL A 10.5 Monthly 1,008.00
1,000.00
14-Jun-2016
15-Jun-2016
10.54% 05-Nov-2018
Sree Infrastructure Finance Limited SREI SR-IV 10.25 28JL20 FV1000 CARE AA-BWR AA 10.25 Monthly 1,011.20
1,000.00
21-Jun-2016
22-Jun-2016
10.34% 28-Jul-2020
Muthoot Finance Limted MUTHOOT FIN S8 OP3 10.25 2AP19 ICRA AA-CRISIL AA- 10.25 Monthly 1,013.00
1,000.00
15-Jun-2016
16-Jun-2016
10.11% 02-Apr-2019
Muthoot Finance Limted MUTHOOT FIN OPT-3 10.25 26SP19 ICRA AA- 10.25 Monthly 1,000.21
1,000.00
15-Jun-2016
16-Jun-2016
10.69% 26-Sep-2019
ECL Finance Limited (Edelweiss) ECL FIN 10 OPT-I 12MR18 FV1K CARE AAICRA AA 10 Monthly 1,010.00
1,000.00
16-Jun-2016
17-Jun-2016
9.72% 11-Mar-2018
ECL Finance Limited (Edelweiss) ECL FIN 10 OPT-I 12MR18 FV1K CARE AAICRA AA 10 Monthly 1,033.00
1,000.00
16-Jun-2016
17-Jun-2016
8.16% 11-Mar-2018
Muthoot Finance Corporation Limted MUTHOOT FIN 10 05NV20 FV1K CRISIL A 10 Monthly 1,000.00
1,000.00
14-Jun-2016
15-Jun-2016
10.43% 05-Nov-2020
Sree Infrastructure Finance Limited SREI SR-I 10 28OT18 FVRS1000 CARE AA-BWR AA 10 Monthly 1,010.00
1,000.00
21-Jun-2016
22-Jun-2016
9.89% 28-Oct-2018
Muthoot Finance Limted MUTHOOT FIN OPT-III 10 29DC19 ICRA AA- 10 Monthly 1,003.00
1,000.00
15-Jun-2016
16-Jun-2016
10.32% 29-Dec-2019
SREI Equipment Finance Limited SREI SR1 9.75 11MY18 FV1000 CARE AABWR AA 9.75 Monthly 990.00
1,000.00
21-Jun-2016
22-Jun-2016
10.79% 11-May-2018
SREI Equipment Finance Limited SREI SR7 9.75 11MY20 FV1000 CARE AABWR AA 9.75 Monthly 940.00
1,000.00
21-Jun-2016
22-Jun-2016
12.29% 11-May-2020
SREI Equipment Finance Limited SREI SR1 9.75 11MY18 FV1000 CARE AABWR AA 9.75 Monthly 990.00
1,000.00
21-Jun-2016
22-Jun-2016
10.79% 11-May-2018
SREI Equipment Finance Limited SREI SR4 9.75 11AG18 FV1000 CARE AABWR AA 9.75 Monthly 1,000.00
1,000.00
21-Jun-2016
22-Jun-2016
10.14% 11-Aug-2018
Muthoot Finance Limted MUTHOOT FIN OPT-II 9.75 23AP18 9.75 Monthly 1,010.10
1,000.00
15-Jun-2016
16-Jun-2016
9.48% 23-Apr-2018
Tata Capital Financial Services Limited TATA CAP 9.75% NCD OP1 05MR19 ICRA AA+ 9.75 Monthly 94,011.00
100,000.00
15-Jun-2016
16-Jun-2016
13.07% 05-Mar-2019
SREI Equipment Finance Limited SREI SR7 9.75 11MY20 FV1000 CARE AABWR AA 9.75 Monthly 1,035.00
1,000.00
21-Jun-2016
22-Jun-2016
9.00% 11-May-2020
Shriram Transport Finance Company Limited SHRIRAM TRA FIN S5 9.71 15JL21 CARE AA+CRISIL AA 9.71 Monthly 1,077.50
1,000.00
10-Jun-2016
13-Jun-2016
8.11% 15-Jul-2021
Shriram Transport Finance Company Limited SHRIRAM TRA FIN S4 9.57 15JL19 CARE AA+CRISIL AA 9.57 Monthly 1,049.95
1,000.00
10-Jun-2016
13-Jun-2016
7.97% 15-Jul-2019
Shriram Transport Finance Company Limited SHRIRAM TRA FIN S4 9.57 15JL19 CARE AA+CRISIL AA 9.57 Monthly 1,034.99
1,000.00
15-Jun-2016
16-Jun-2016
8.55% 15-Jul-2019
Muthoot Finance Limted MUTHOOT FIN OPT-III 9.5 23AP20 9.5 Monthly 1,005.00
1,000.00
15-Jun-2016
16-Jun-2016
9.72% 23-Apr-2020
Shriram Transport Finance Company Limited SHRIRAM TRANFIN SR3 9.4 31JL18 CRISIL AA 9.4 Monthly 1,045.00
1,000.00
10-Jun-2016
13-Jun-2016
7.27% 31-Jul-2018
Shriram Transport Finance Company Limited SHRIRAM TRANFIN SR3 9.4 31JL18 CRISIL AA 9.4 Monthly 1,030.00
1,000.00
15-Jun-2016
16-Jun-2016
8.08% 31-Jul-2018
IFCI Limited IFCI SR-III 9.4 01DC19 FV1000 BWR AA-ICRA A 9.4 Monthly 1,040.00
1,000.00
22-Jun-2016
23-Jun-2016
8.33% 01-Dec-2019
IFCI Limited IFCI SR-III 9.4 01DC19 FV1000 BWR AA-ICRA A 9.4 Monthly 1,012.01
1,000.00
22-Jun-2016
23-Jun-2016
9.34% 01-Dec-2019
Muthoot Finance Limted MUTHOOT FIN SR13 9.25 14OT18 ICRA AA- 9.25 Monthly 1,009.10
1,000.00
15-Jun-2016
16-Jun-2016
9.13% 14-Oct-2018
Muthoot Finance Limted MUTHOOT FINA S14-O2 9 20JN19 CRISIL AA- 9 Monthly 995.00
1,000.00
15-Jun-2016
16-Jun-2016
9.57% 20-Jan-2019
Muthoot Finance Limted MUTHOOT FINA SRXV 8.75 12MY19 ICRA AA- 8.75 Monthly 965.00
1,000.00
15-Jun-2016
16-Jun-2016
10.61% 12-May-2019
Muthoot Finance Limted MUTHOOT FINA S14O1 8.75 20JN18 CRISIL AA- 8.75 Monthly 971.00
1,000.00
15-Jun-2016
16-Jun-2016
11.24% 20-Jan-2018
Muthoot Finance Limted MUTHOOT FIN SR13 8.75 14OT20 ICRA AA- 8.75 Monthly 960.00
1,000.00
15-Jun-2016
16-Jun-2016
10.32% 14-Oct-2020
Muthoot Finance Limted MUTHOOT FINA SRXV 8.5 12MY18 ICRA AA- 8.5 Monthly 980.00
1,000.00
15-Jun-2016
16-Jun-2016
10.07% 12-May-2018
Muthoot Finance Limted MUTHOOT FINA S14-O3 8.5 20JN21 CRISIL AA- 8.5 Monthly 1,000.00
1,000.00
15-Jun-2016
16-Jun-2016
8.81% 20-Jan-2021
Muthoot Finance Limted MUTHOOT FINA SRXV 8.25 12MY21 ICRA AA- 8.25 Monthly 1,000.00
1,000.00
15-Jun-2016
16-Jun-2016
8.55% 12-May-2021
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