Blog
Short, plain-language posts on how bonds work. For learning only: nothing here is investment advice or a recommendation to buy, sell or hold any bond.
Bond credit ratings in India: what AAA to D mean
What each credit rating symbol from AAA to D means in SEBI's standard wording, what plus, minus and suffixes add, and what a rating does not tell you.
NCD vs bank FD: how they differ
How an NCD and a bank fixed deposit differ on deposit insurance, ratings, early exit, price changes and holding, from DICGC's and SEBI's own pages.
What YTM means on a bond, explained simply
What yield to maturity (YTM) measures, how it is worked out from a bond's price and payments, and the assumptions that sit behind the figure.
Two percentages on a bond page: what's the difference?
What a bond's coupon rate and its yield each measure, why they move apart when the price is not the face value, and where an NCD's terms set the coupon.
What is an NCD (non-convertible debenture)?
What an NCD is under SEBI's rules, how secured and unsecured NCDs differ, how they are issued, and what an NCD's summary of terms shows.
SEBI's Credit Risk-o-Meter for bonds, explained
What SEBI's Credit Risk-o-Meter shows from 21 November 2026, where it appears, how to read the text under it, and the risks it leaves out.
What is a bond? A plain guide for Indian investors
What a bond is, who issues bonds in India, what face value, coupon and maturity mean, what SEBI requires before a listed NCD is issued, and the main risks.