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)
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?