Non Convertible debentures in ICICIDirect

Is it possible to buy/sell NCDs trading on NSE from ICICIDirect? I am not talking about new issues, but ones already trading?
Something like these
http://www.edelweiss.in/Debt/DebtMovements.aspx?tb=Gainers

Is this available on ICICIDirect?

yes you can do that.
ICICI code NCD
BRINCD BRITANNIA INDUSTRIES LTD NCD
INDNCD Indian Hotels Co Ltd NCD 6%
LTFNCD L&T FINANCE LTD NCD1-9.5% Qtly
LTFND2 L&T FINANCE LTD NCD2-9.62% HY
LTFND3 L&T FINANCE LTD NCD3-9.95% Cum
LTFND4 L&T FINANCE LTD NCD4-10.24% HY
STFN10 SHRIRAM TRNSP FINNCD10 10% HY
STFN11 SHRIRAM TRANSP FIN-NB 9.5% HY
TCLNCD TATA CAPITAL LTD NCD1-11%Mntly
TCLND2 TATA CAPITAL LTD NCD2-11.25%QT

And a few others

You also get GOI bonds: (15B001, 12I001 etc)

Have yo warn you though. Any sales before a year of holding attracts Short term capital gains tax.

Thanks a lot. How do you find the code correspoding to any of the Issues
- i mean other than the ones you have listed above. Is there some place where ICICI lists all NCD's available for buying in the secondary market?

Or if I find the name of NCD from the Edelweiss or NSEIndia site, how can I find the corresponding ICICI Code for the same?


Few more questions for you (or anyone else who is knowledgeable about NCDs).

- Do you buy them on ICICIDirect just like you buy stock? i.e. type in a code, get the quote & buy them & the order gets executed instantly or is there more to it. Asking because, I am pretty sure these don't have as much volumes as regular stock, so if you say I want 50 of BRINCD, do you immediately get someone who is wanting to sell it?
- Does it go into your demat acct?
- Does interest start getting credited into your bank account - or do you recieve cheques by mail.
- While buying stock, I never set a limit price, I usually just buy X stock of Y company at market price & the order gets executed immediatelly at a price almost identical to the current quote. However, I am not sure if it's sensible doing this with NCDs. I am not sure how to set a limit price - For eg. for the opening & closing price of Titan NCD http://www.edelweiss.in/Debt/DebtSnapshot.aspx?cn=TITAN-N1 seems to be in a range of 7-8% for the day.
- How do you get back your money at the end of the term - does it directly get deposited? Likewise if the company decides to call it in early if the NCD allows it.
- What's the difference between a secure & non-secure NCD - who secures a secure NCD?
- Is there any other gotcha one has to be aware of while buy NCDs from the open market?

@vinvest:

Finding ICICI stock code is cumbersome process. Go to Stock list option and list all stocks in BSE, use the search function of browser to find NCDs.

I have not bought NCDs that way, I have no concept of bond trading. But when I when i wanted to see stock quotes for the NDCs, the volumes appeared to be small.

I hope the gurus will enlighten us on bond investments.

Question about the GOI Bonds listed in the stock list - where can I get more info about each of the GOI bond listed there - i.e. is the interest paid quarterly or annually or what?

For the Corporate NCDs, I can get most of that info on Edelweiss, but Edelweiss doesn't seem to have info about the GOI stuff listed on the ICICIDirect list.

You can mail ICICIDIRECT with your query as you are a customer. They usually address these queries within 2 days.