Indian Bond / NCD Investment Checklist
Indian Bond Investment Checklist Indian Bond / NCD Investment Checklist Pre-investment due diligence · Retail secondary market · 2026 One-Pager Step 1 — Credit Rating First filter Rating is A- or above from CRISIL / ICRA / CARE / Ind-Ra Buy zone Rating agency is CRISIL or ICRA (highest credibility in India) Preferred Outlook is Stable or Positive — not Negative or Watch Must Rating rationale PDF is dated within 12 months Verify No multiple-notch downgrade in past 18 months Red flag Step 2 — Collateral Quality Safety of underlying loans Gold-backed loans — best collateral; liquid, RBI-regulated LTV Safest Vehicle / 2-wheeler loans — physical asset, recoverable Good Home / mortgage loans — secured but illiquid collateral OK Unsecured personal / digital loans — no collateral Caution Microfinance / MFI — unsecure...