{"id":11700,"date":"2020-01-03T14:40:30","date_gmt":"2020-01-03T09:10:30","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=11700"},"modified":"2020-01-11T17:45:45","modified_gmt":"2020-01-11T12:15:45","slug":"tata-capital-housing-finance-ltd-ncd-january-2020","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/tata-capital-housing-finance-ltd-ncd-january-2020\/","title":{"rendered":"8.70% Tata Capital Housing Finance Ltd NCD \u2013 January 2020 \u2013 Should you Invest?"},"content":{"rendered":"\n<p style=\"text-align: justify;\"><strong>Tata Capital Housing Finance Ltd.<\/strong> has come out with public issue of non-convertible debentures (NCD) offering up to 8.70% interest rate. The issue opens on January 7 and closes on January 17, 2020.<\/p>\n<h2 style=\"text-align: justify;\">Tata Capital Housing Finance NCD \u2013 Significant Points:<\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: justify;\"><strong>Offer Period:<\/strong> January 7 to 17, 2020<\/li>\n<li style=\"text-align: justify;\"><strong>Annual Interest Rates for Retail Investors:<\/strong> 8.01% to 8.70% 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 \u201cICRA AAA Stable\u201d by ICRA<\/li>\n<li style=\"text-align: justify;\"><strong>NCD Size:<\/strong> Rs 500 crore with option to retain over-subscription upto Rs 2,000 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 6 options of investment in Tata Capital Housing Finance NCD.<\/p>\n<figure id=\"attachment_11701\" aria-describedby=\"caption-attachment-11701\" style=\"width: 757px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-11701\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-Investment-Options-January-2020-1024x280.png\" alt=\"Tata Capital Housing Finance Ltd NCD - Investment Options - January 2020\" width=\"757\" height=\"207\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-Investment-Options-January-2020-1024x280.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-Investment-Options-January-2020-300x82.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-Investment-Options-January-2020-768x210.png 768w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-Investment-Options-January-2020.png 1360w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><figcaption id=\"caption-attachment-11701\" class=\"wp-caption-text\"><strong>Tata Capital Housing Finance Ltd NCD &#8211; Investment Options &#8211; January 2020<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><em>Company would allot the Series I NCDs, wherein the Applicants have not indicated their choice of the relevant Series of NCDs in the application form.<\/em><\/p>\n<p style=\"text-align: justify;\">The bonds can be purchased in Demat Form.<\/p>\n<h2 style=\"text-align: justify;\">Tata Capital Housing Finance 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 10% of the issue is reserved<\/li>\n<li>Category II &#8211; Corporate Portion &#8211; 10% of the issue is reserved<\/li>\n<li style=\"text-align: justify;\">Category II \u2013 HNIs \u2013 40% of the issue is reserved<\/li>\n<li style=\"text-align: justify;\">Category III \u2013 Retail Individual Investors including HUFs \u2013 40% 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_11703\" aria-describedby=\"caption-attachment-11703\" style=\"width: 1001px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11703\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020.png\" alt=\"Tata Capital Housing Finance Ltd NCD - January 2020\" width=\"1001\" height=\"540\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020.png 1001w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020-300x162.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020-768x414.png 768w\" sizes=\"(max-width: 1001px) 100vw, 1001px\" \/><figcaption id=\"caption-attachment-11703\" class=\"wp-caption-text\"><strong>Tata Capital Housing Finance Ltd NCD &#8211; January 2020<\/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 Housing Finance Ltd NCD due to its attractive interest rate and AAA rating. <\/p>\n","protected":false},"author":1,"featured_media":11703,"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":[3940,3941,3943,3942],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020.png",1001,540,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020-300x162.png",300,162,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020-768x414.png",768,414,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020.png",1001,540,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020.png",1001,540,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020.png",1001,540,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2020\/01\/Tata-Capital-Housing-Finance-Ltd-NCD-January-2020.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 Housing Finance Ltd NCD due to its attractive interest rate and AAA rating.","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11700"}],"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=11700"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/11703"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=11700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=11700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=11700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}