Zeridha provides YTM, check during market hours using Coin app.
Have bought bond from goldenPi. Can check them out - https://goldenpi.com/home.
One more website but have not transacted https://thefixedincome.com/
1 Like
It is available on BSE website also:
https://www.bseindia.com/markets/debt/debt_corporate_EOD.aspx?curPage=1
Can anyone advise how to value bonds and associated credit risks
Recently, several platforms have emerged that allow you to invest in bonds, such as Fixed Income, BondsIndia, Wint Wealth, and GoldenPI. Many of these bonds are offered by NBFCs, providing yields of 9-12%.
Can anyone share their experience with investing in these bonds? Is it safe to allocate a portion of FD investments into NBFC bonds?
Used India bonds (not to be mixed with bonds India) often. You make the payment directly to the India clearing corporation by RTGS and hence there is no safety concern (in the sense, there is no payment to India bonds).
India bonds gives a clear quote, deal sheet and once you approve, and make the payment, the bond will be in your Demat by End of day. (this is assuming that you did your KYC before).
The best part of the India bonds site is the portfolio view, cash flow and maturity view of all the bonds you have purchased through them (and they have a feature, wherein you can import purchases from others too). If you need any more info, please DM me.
PS - the safety of the bond itself is not subject to , where from you are purchasing from. I am NOT recommending anything but giving my experience
2 Likes
Bond values are indicated by 1. Issue price vs. Current price 2. Bond yield 3. Duration of the bond
Risks are more difficult to analyse, but things that help are:
- Rating (Sovereign, AAA: Very safe; AA+:Safe, unless something catastrophic happensā¦). But be aware these ratings came under so much trouble for having rated it carelessly with multiple issues (IIFL, DHFLā¦)
- Remaining duration (Shorter is safer)
- Financials of the issuer (just a double check on rating that would have considered ability to pay back in timeā¦): Liquidity, P&L; Ratios such as debt service ratios etcā¦
I tend to use MF for bonds and direct for equity. This is particularly true if you investing for coupon paymentsā¦
Not sure, if it helpsā¦
1 Like