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Fixed Deposits, Bonds & NCDs
Stable, largely paperless options for the conservative portion of your portfolio, for capital that needs to stay safe, not chase returns.
Every option comes with its credit rating and terms explained before you commit.
Fixed income at a glance
What you get
Fixed Income Architecture
Fixed income is the part of a portfolio that is supposed to be boring. And boring, done well, takes more care than it looks. We facilitate fixed deposits and bonds from established issuers so the stable portion of your portfolio is chosen deliberately, not left idle in a standard savings account.
Beyond the Brochure Rate
The interest rate printed on the brochure is only half the story. The strength of the issuer behind it, the credit rating on the issue, the payout structure, and the exit terms make up the critical second half. That is the layer we walk you through comprehensively.
Temperament-Driven Mapping
How much of your money belongs in fixed income is a risk question before it is a product question. Our 3-minute risk profiler gives you an honest starting point, allowing your relationship manager to align fixed assets alongside your equity engine.
Fixed Income Instrument Varieties
We structure allocations across multiple established corporate and sovereign instruments based on your modern financial blueprint.
Corporate FDs
Placed with companies/NBFCs at contracted rates with cumulative or periodic payouts. They offer higher yields but carry credit risk without bank deposit insurance.
Government Bonds
Securities backed by the sovereign state. This provides the absolute strongest credit framework available in rupee debt, ideal for long-term uninterrupted cycles.
Corporate Bonds / NCDs
Fixed-tenor instruments (Non-Convertible Debentures) that do not convert into shares. Can be secured or listed on exchanges to provide premature liquidity.
Tax-Free Bonds
Interest earned is fully exempt from income tax. Historically issued by state institutions and traded via secondary markets—excellent for higher tax slabs.
Credit Quality & The Risk Scale
Debt instruments are meticulously evaluated by independent rating agencies like CRISIL, ICRA, and CARE. A noticeably higher promised yield almost always reflects a lower credit rating rather than a generous issuer.
The Safety Scale is Non-Linear:
The step down in capital protection grows exponentially faster as the ratings fall. Issuer credit quality matters immensely in fixed income, which is why we break down the credit terms before you ever commit capital.
Practical Disciplines & Structural Rules
Two foundational financial habits make a fixed income architecture perform with peak efficiency over time.
1. Portfolio Laddering
Staggering your maturities across diverse calendar dates ensures cash flows constantly become available for lifestyle spending or immediate reinvestment, keeping you insulated from unexpected interest rate repricing shocks.
2. Explicit Exit Clarity
Know your exit terms before you deploy capital. Most corporate FD issuers permit premature withdrawals after a baseline period at a reduced interest rate, while listed bonds/NCDs can be liquidated directly on the exchange floor.
Many established issuers offer a higher interest rate premium slab for senior citizens, delivering maximized regular cash flows during active retirement duties.
Qualify for institutional tax deductions under Section 80C parameters. These carry a statutory five-year locked-in mandate in exchange for upfront fiscal benefits.
Fixed deposits and bonds are strictly subject to the financial terms, operational conditions, and credit risk parameters of the respective issuer. Please evaluate the issue documentation carefully before allocating funds.
Check the maths before you commit.
FD Calculator
See the maturity value and interest on a deposit, cumulative or payout, for any amount, rate and tenor you enter.
Retirement Calculator
Work out the corpus a retirement income needs, and what building it would take from where you stand today.
How much belongs in fixed income?
Seven questions, no sign-up. See which of five investor profiles fits you, from Guardian to Accelerator.
Disclaimer: For fixed deposits and bonds, Devmani Traders Private Limited (AMFI ARN-289110) is not associated with Kotak Securities Limited. In case of any dispute with respect to these products, clients will not have access to Kotak Securities Limited. These products are distributed through partner banks, NBFCs and issuers and are subject to their own terms, conditions, interest rates and eligibility criteria. Returns and interest rates are as declared by the respective issuer and are subject to change. Corporate/company deposits and bonds carry issuer credit risk; read the offer document carefully before investing. This page is for general information and education only and does not constitute investment, tax or legal advice, or an offer or solicitation to invest.
