{"id":11669,"date":"2019-08-13T10:02:04","date_gmt":"2019-08-13T04:32:04","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=11669"},"modified":"2019-08-13T10:02:13","modified_gmt":"2019-08-13T04:32:13","slug":"tata-capital-financial-services-ncd-august-2019","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/tata-capital-financial-services-ncd-august-2019\/","title":{"rendered":"8.85% Tata Capital Financial Services Ltd NCD \u2013 August 2019 \u2013 Should you Invest?"},"content":{"rendered":"\n<p style=\"text-align: justify;\"><strong>Tata Capital Financial Services Ltd.<\/strong> has come out with public issue of non-convertible debentures (NCD) offering up to 8.85% interest rate. The issue opens on August 13 and closes on August 23, 2019.<\/p>\n<p style=\"text-align: justify;\"><strong>Tata Capital Financial Services Ltd <\/strong>is\u00a0a financial and investment service provider in India. It is based in Mumbai and has more than 100 branches across the country. The company offers consumer loans, wealth management, commercial finance, and infrastructure finance, among others.<\/p>\n<h2 style=\"text-align: justify;\">Tata Capital Financial Services NCD \u2013 Significant Points:<\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: justify;\"><strong>Offer Period:<\/strong> August 13 to 23, 2019<\/li>\n<li style=\"text-align: justify;\"><strong>Annual Interest Rates for Retail Investors:<\/strong> 8.45% to 8.85% depending on tenure<\/li>\n<li style=\"text-align: justify;\"><strong>Price of each bond:<\/strong> Rs 1,000<\/li>\n<li style=\"text-align: justify;\"><strong>Minimum Investment:<\/strong> 10 Bonds (Rs 10,000)<\/li>\n<li style=\"text-align: justify;\"><strong>Max Investment Limit<\/strong> for Retail Investor: Rs 10 Lakhs<\/li>\n<li style=\"text-align: justify;\"><strong>Credit Rating:<\/strong> \u201cCRISIL AAA Stable\u201d by CRISIL Limited and \u201cCARE AAA Stable\u201d by CARE Ratings Limited<\/li>\n<li style=\"text-align: justify;\"><strong>NCD Size:<\/strong> Issue size is Rs 4,126 crore (Secured NCDs up to Rs. 2,998 crore &amp; Unsecured NCDs up to Rs. 1,128 crore)<\/li>\n<li><strong>NRIs are NOT eligible<\/strong> to apply to this NCD issue.<\/li>\n<li style=\"text-align: justify;\"><strong>Allotment:<\/strong> First Come First Serve<\/li>\n<li style=\"text-align: justify;\"><strong>Listing:<\/strong> Bonds would be listed on BSE and NSE and will entail capital gains tax on exit through secondary market<\/li>\n<\/ul>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Also Read<\/strong> \u2013 <a href=\"http:\/\/www.apnaplan.com\/know-ncd-investment-tips-tds-and-taxation\/\">Know NCD \u2013 Investment Tips, TDS and Taxation<\/a><\/p>\n<\/blockquote>\n<h2 style=\"text-align: justify;\">Tata Capital Financial NCD &#8211; Investment Options:<\/h2>\n<p style=\"text-align: justify;\">There are 3 options of investment in Tata Capital Financial Services NCD.<\/p>\n<figure id=\"attachment_11670\" aria-describedby=\"caption-attachment-11670\" style=\"width: 757px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11670\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-Investment-Options-August-2019-1024x273.png\" alt=\"Tata Capital Financial Services Ltd NCD - Investment Options - August 2019\" width=\"757\" height=\"202\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-Investment-Options-August-2019-1024x273.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-Investment-Options-August-2019-300x80.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-Investment-Options-August-2019-768x204.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-Investment-Options-August-2019.png 1183w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-11670\" class=\"wp-caption-text\"><strong>Tata Capital Financial Services Ltd NCD &#8211; Investment Options &#8211; August 2019<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">Company shall allocate and allot Series II NCDs wherein the Applicants have not indicated their\u00a0choice of the relevant NCD Series.<\/p>\n<p style=\"text-align: justify;\">The bonds can be purchased in Demat Form.<\/p>\n<h2 style=\"text-align: justify;\">Tata Capital Financial Services NCD &#8211; Who can Apply?<\/h2>\n<p style=\"text-align: justify;\">This issue is open to all Indian residents, HUFs and Institutions.<\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: justify;\">Category I \u2013 QIB Portion \u2013 15% of the issue is reserved<\/li>\n<li>Category II &#8211; Corporate Portion &#8211; 15% of the issue is reserved<\/li>\n<li style=\"text-align: justify;\">Category II \u2013 HNIs \u2013 35% of the issue is reserved<\/li>\n<li style=\"text-align: justify;\">Category III \u2013 Retail Individual Investors including HUFs \u2013 35% of the issue is reserved<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">However NRIs cannot apply for this NCD.<\/p>\n<h2 style=\"text-align: justify;\">Why you should invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li>AAA Credit rating means very less likely hood of credit default<\/li>\n<li>Unique business model with a strong brand name and a track record of strong financial performance<\/li>\n<li>The\u00a0<a href=\"https:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\">interest rates are 2% higher than your regular Bank FDs<\/a><\/li>\n<li>No TDS if invested in Demat Form<\/li>\n<li>The NCD is secured, which means the above debt is backed by assets of the company<\/li>\n<li>The interest rate has started to go down, so a good time to lock in high interest rate.<\/li>\n<\/ol>\n<blockquote>\n<p>Also Read:\u00a0<a href=\"http:\/\/www.apnaplan.com\/highest-interest-rate-on-recurring-deposits-rd\/\">Highest Interest Rate on Recurring Deposits<\/a><\/p>\n<\/blockquote>\n<h2 style=\"text-align: justify;\">Why you should not invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li>There have been issues with some well rated companies like DHFL, IL&amp;FS where rating agencies suddenly downgrade the rating. This risk always existed but it has come to forefront in last few months<\/li>\n<li>There are NCDs available in secondary market which have higher yields with similar rating. The problem is low liquidity and hence is difficult to buy in large numbers.<\/li>\n<li>The present\u00a0<a href=\"https:\/\/www.apnaplan.com\/category\/fixed-income\/bonds\/tax-free-bond\/\">Tax Free Bonds<\/a>\u00a0are offering yields up to 6.5% in secondary market, which is better investment for People in highest tax bracket.<\/li>\n<li>You can also invest in\u00a0<a href=\"https:\/\/www.apnaplan.com\/company-fixed-deposit\/\">high rated company fixed deposits<\/a><\/li>\n<\/ol>\n<figure id=\"attachment_11671\" aria-describedby=\"caption-attachment-11671\" style=\"width: 1001px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11671\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019.png\" alt=\"Tata Capital Financial Services Ltd NCD - August 2019\" width=\"1001\" height=\"540\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019.png 1001w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019-300x162.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019-768x414.png 768w\" sizes=\"(max-width: 1001px) 100vw, 1001px\" \/><figcaption id=\"caption-attachment-11671\" class=\"wp-caption-text\"><strong>Tata Capital Financial Services Ltd NCD &#8211; August 2019<\/strong><\/figcaption><\/figure>\n<h2 style=\"text-align: justify;\">How to Apply?<\/h2>\n<p style=\"text-align: justify;\">If you have Demat account apply through that or ASBA facility provided by banks. It\u2019s the easiest way to apply and also avoids a lot of hassle in terms of KYC and paper work<\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Learn:\u00a0<\/strong><a href=\"http:\/\/www.apnaplan.com\/ipo-asba\/\">How to apply for NCD issues using ASBA?<\/a><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">In case you don&#8217;t want to do it online, you can download the application form from Financial Institutions and submit to collection centers.<\/p>\n<h2 style=\"text-align: justify;\">Recommendation:<\/h2>\n<ol style=\"text-align: justify;\">\n<li style=\"text-align: justify;\">My recommendation is to<strong> invest some part of your Fixed Income investment in this NCD Issue\u00a0<\/strong><\/li>\n<li style=\"text-align: justify;\">You should always have <strong>diversified portfolio<\/strong> be it fixed deposit, NCD or equity investment<\/li>\n<li style=\"text-align: justify;\">Its <strong>good idea to remain invested till maturity<\/strong> because liquidity on exchanges is low and hence you would get lower than market value<\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><strong>If you plan to invest in this issue, do it on first day as most NCD issues are over-subscribed within few days of opening.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Invest some part of your Fixed Income investment in Tata Capital Financial Services NCD due to its attractive interest rate and AAA rating. Read the review to understand its 4 Investment Options<\/p>\n","protected":false},"author":1,"featured_media":11671,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[31,30,194],"tags":[3809,3743,3744,3745],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019.png",1001,540,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019-300x162.png",300,162,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019-768x414.png",768,414,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019.png",1001,540,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019.png",1001,540,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019.png",1001,540,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/08\/Tata-Capital-Financial-Services-Ltd-NCD-August-2019.png",120,65,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Invest some part of your Fixed Income investment in Tata Capital Financial Services NCD due to its attractive interest rate and AAA rating. Read the review to understand its 4 Investment Options","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11669"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=11669"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/11671"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=11669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=11669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=11669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}