Bonds & fixed income
For money that needs to arrive on a known date.
What we offer
Three ways to earn interest.
From risk-free sovereign securities to rated corporate deposits, select the instrument that matches your cash-flow calendar.
Compared
Which fixed-income tool when.
Comparing safety, liquidity, and return characteristics to help you place money with confidence.
| Factor | Bank FD | Debt mutual fund | Bonds & NCDs | Corporate FD |
|---|---|---|---|---|
| Return | Fixed | Market-linked | Fixed coupon | Fixed |
| Liquidity | Penalty to break | Usually T+1 | Sell on exchange, if traded | Restricted |
| Credit risk | Low; insured to ₹5 lakh | Depends on fund | Depends on issuer rating | Depends on issuer rating |
| Best for | Certainty, small sums | Flexible near-term goals | Known income and dates | Higher fixed rate |
01 · Fixed Coupon
Bonds & NCDs: A known interest rate and a known end date.
A bond is a loan with a known interest rate and a known end date. For the part of your money that needs to arrive on schedule, that predictability is the point.
Government securities & SDLs
Issued by the central and state governments. Sovereign backing; prices move with interest rates.
Treasury bills
Short-term government paper, under a year, with high liquidity and zero credit risk.
Corporate bonds
Issued by leading companies, rated by agencies. Higher yields for measured credit risk.
NCDs
Non-convertible debentures, often listed, with fixed coupons and a set maturity date.
Tax-free & 54EC bonds
Specific infrastructure and capital gains exemption bonds offering direct tax advantages.
The risks, plainly:
- —Credit risk: the issuer may delay or default. Credit ratings help, but are not guarantees.
- —Interest-rate risk: bond prices fall when interest rates rise, if you sell before maturity.
- —Liquidity risk: some secondary market bonds are hard to sell before maturity.
02 · Fixed Rate
Corporate Fixed Deposits: Higher fixed rates with rated companies.
Fixed deposits with well-rated companies and NBFCs can pay more than a bank FD. They also carry risks a bank FD doesn't, which we explain before you invest.
Rated NBFC deposits
Deposits with top housing finance and non-banking finance companies rated AA and AAA.
Corporate deposits
Deposits with established manufacturing, consumer, and infrastructure companies.
Senior-citizen rates
Additional 0.25% to 0.50% interest for investors over 60 at many partner issuers.
Flexible payout options
Cumulative compounding or monthly/quarterly interest payouts for regular household cash flows.
The risks, plainly:
- —Corporate FDs are not covered by DICGC deposit insurance, unlike bank FDs up to ₹5 lakh.
- —Premature withdrawal may carry penalties or be restricted during lock-in periods.
- —Interest earned is taxed at your regular income tax slab rate.
03 · Advanced Payoffs
Structured Products: Combining bonds with market-linked upside.
Structured products combine a bond with a market-linked payoff. They suit experienced investors with a specific market view and the patience to hold to maturity.
Principal-protected notes
Return of principal at maturity, subject to issuer credit, with upside participation in an index.
Market-linked debentures
Fixed-income instruments where coupon returns are tied to index levels on set observation dates.
Customised payoffs
Bespoke risk-reward payoffs designed for specific wealth views, usually for larger ticket sizes.
The risks, plainly:
- —Payoffs can be complex. We will not recommend anything we cannot explain to you in a single page.
- —Issuer credit risk applies even to 'principal-protected' products.
- —Exiting before maturity in the secondary market may be costly or illiquid.
Debt Fund and Bond Questions, Answered
Are debt funds safe? add
Debt funds carry lower risk than equity funds. They are not risk free. They face credit risk, interest rate risk, and liquidity risk. The category you choose changes your risk level.
Are bonds safer than debt funds? add
Government bonds carry sovereign backing. Corporate bonds carry the risk of the issuer. A debt fund spreads money across many bonds, which can reduce the impact of one default. Safety depends on the issuer and the product.
What happens to debt funds when interest rates rise? add
Bond prices usually fall when rates rise, so fund values can dip in the short term. Funds with a shorter duration feel this less. Matching the fund to your time frame helps.
How long should I stay invested in a debt fund? add
It depends on the category. Some funds suit a few days or weeks. Others suit one to three years or more. We help you match the category to your goal.
Can debt funds replace a fixed deposit? add
They serve a similar purpose, but they work differently. A fixed deposit gives a fixed rate. Debt fund returns are not fixed and can vary. We help you compare both for your needs.
How are debt funds and bonds taxed? add
Tax treatment depends on the product, your holding period, and your income. The rules also change over time. We suggest you confirm the current position with your tax advisor.
Get in touch
For money that needs to stay calm.
Tell us what your timeline is and when you need your payouts. We'll show you options with clear credit ratings, net yields, and zero jargon.
- Call
- 033 2280 0152 · WhatsApp
- Write
- ho@dhanvesttor.com
- Visit
- 8/1/2, Sir UN Brahmachari Sarani, Surabhi Apartments, 2nd Floor, Elgin, Kolkata 700017
Monday to Friday, 9 am to 6 pm · Saturday, 9 am to 1:30 pm
Insurance and fixed-income products are offered subject to applicable licences and regulations and are distributed, not manufactured, by Dhanvesttor. Product terms, coupon rates, credit ratings, and yields are set by the issuer or insurer. Investments in fixed-income securities, bonds, and market-linked debentures are subject to credit risk, interest-rate risk, and market liquidity risk.