Piramal Capital & Housing Finance, has come out with Piramal Capital & Housing Finance Ltd NCD (Tranche 1) offering 9% and opens for subscription from July 12, 2021.
Piramal Capital & Housing Finance, incorporated in 2017 is a non deposit taking housing finance company and 100% subsidiary of the Piramal Enterprises. The company deals in both wholesale and retail loans. Wholesale funding covers mainly real estate developers, corporates, and SMEs across sectors while Retail loans deals with housing finance, LAP, secured business loans, purchase finance, and personal loans. Additionally, last month National Company Law Tribunal has approved the merger of DHFL with PCHF. piramal capital & housing finance ltd ncd
NCDs or non-convertible debentures or more popularly known as Bonds are a bit complex investment products. You must understand the product, risk involved, the taxation on interest received and when you sale it. We have done a separate post regarding this titled – Know all about NCDs.
Also you can keep track of upcoming NCD issues here.
There are 5 options of investment in PCHF NCD.
Who does not want more and wouldn’t you love to Double your money? For sure we all would – we have listed 7 authentic investments which you can use to double your money. The post talks not only about the returns but also the risks associated with each investment.
This issue is open to all Indian residents, HUFs and Institutions.
However NRIs cannot apply for this NCD.
We looked at more than 55 years history of gold to see if its a good idea to invest in Gold. We concluded that its more volatile than perceived but investing in long term may provide you with more stable returns. You can look at the complete analysis and our conclusion here – Looking at Gold Price History in India – Should you Invest in Gold?
You can apply online by ASBA facility provided by banks. It’s the easiest way to apply and also avoids a lot of hassle in terms of KYC and paper work.
If you want to apply to NCDs, ASBA is the best way to do so. It’s easy, secure and the money leaves the account only when the bonds are allocated. We have covered step by step process for ASBA in SBI in the post. You have ASBA facility in most big banks.
In case you don’t want to do it online, you can download the application form from company site or Financial Institutions and submit to collection centers.
Do you know how much tax you need to pay for the year? Have you taken benefit of all tax saving rules and investments? Should you use the “NEW” tax regime or continue with the old one? In case you have all these questions just Download the Free Excel Income Tax Calculator for FY 2021-22 (AY 2022-23) and get your answers.
You can apply online by ASBA facility provided by most banks. It’s the easiest way to apply and also avoids a lot of hassle in terms of KYC and paper work. In case you don’t want to do it online, you can download the application form from company site or Financial Institutions and submit to collection centers.
Piramal Capital & Housing Finance NCD is secured.
For Tax Purpose NCDs are treated similar to Fixed Deposits. The interest earned is added to your income as “income from other sources” and taxed accordingly.
In case the NCD is sold before maturity on stock exchanges, it would lead to Capital Gains and taxed according to the holding period.
-If the NCD was sold within 12 months of allotment, it leads to Short Term Capital Gains and
-if the selling period is more than 12 months its Long Term Capital Gains
-Short Term Capital Gains would be added to income and taxed accordingly
-Long term capital Gains would be taxed at the flat rate of 10% (u/s 112 of IT Act)
The credit rating for Piramal Capital & Housing Finance NCD is AA. This is investment grade and less likely to default on principal or interest payment. Do remember that these ratings are as of today and these may change depending on company’s performance and external situations. So investors need to track the company closely.
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