What are corporate bonds in India?
A company borrows from you instead of a bank, and pays interest for the privilege. Everything else is detail, but the detail is where the money is.
Bond basics9 min read
EZBond LearnKnowledge base
Learn how bonds actually work
Indian fixed income is not complicated, but it is badly explained. These guides cover what a bond pays, why its price moves, what a rating does and does not promise, and what the tax office takes — written to be read once and understood.
Coupon rate vs yield to maturity
Bond basics8 min read
Tax on corporate bonds and NCDs in India
Tax10 min read
Everything else
Bond credit ratings explained: AAA to D
A rating is an opinion about one specific risk. Knowing which risk, and which ones it says nothing about, is the whole skill.
Ratings & risk9 min read
NCD vs bond: what is the difference?
Mostly the same instrument under two names, but the differences that do exist are the ones that decide whether you get paid back.
Bond basics7 min read
How to buy bonds in India
Three routes in, each with different minimums and different things that can go wrong. Here is what the process actually looks like.
Bond basics9 min read
TDS on NCD interest: what changed
The exemption for listed demat NCDs is gone. Tax gets deducted before the coupon reaches you, but it is not the final bill.
Tax6 min read
What is credit risk in bonds?
The risk that the money does not come back. It is priced into every yield you see, whether or not you were looking for it.
Ratings & risk8 min read
Why bond prices fall when interest rates rise
A bond cannot change what it pays, so the only thing left to move is the price. That single fact explains most of the bond market.
Ratings & risk8 min read
How to read a bond listing
A dozen fields, of which about four decide anything. Here is which ones, and what they are really telling you.
How to7 min read
Building a bond ladder
Spread the maturities and you stop having to guess where rates go next. It is the closest thing to a free lunch in fixed income.
How to8 min read
FD vs bonds: which is better?
The honest answer is that they are not competing for the same money. Once you see why, the choice stops being difficult.
How to8 min read
The secondary bond market in India
Institutions dominate, most bonds barely trade, and prices can be stale. Understanding that shapes what you should reasonably expect.
Market8 min read
Put it into practice
Reading about yield is one thing; working it out on a bond you are actually looking at is another. The calculators take the same ideas and run the numbers.