Surat Municipal Corporation Public Issue of Secured NCDs – Here’s Everything You Need to Know

Introduction

Municipal bonds are steadily gaining good traction among Indian investors. Surat Municipal Corporation (SMC), one of the most advanced civic bodies of India, has made an announcement regarding its issue of Secured, Listed, Redeemable, Non-Convertible Green Municipal NCDs (Non-Convertible Debentures). Supported with good credit ratings and decent returns, the issue has already generated a lot of excitement about itself in the marketplace.

Key Features of Surat Municipal Corporation NCDs

The highlights of the SMC NCD issue are structured to provide both safety and stable returns. Here are the key details:

Why Invest in Surat Municipal Corporation NCD?

• Attractive Returns: With a yield of up to 8.16%, this NCD issue yields more attractive returns as compared to conventional fixed deposits and therefore attracts conservative investors.
• Strong Credit Rating: With a CRISIL AA+/Stable and IND AA+/Stable rating, the issue indicates high payment ability and financial strength of SMC.
• Green Municipal Bonds: These are green NCDs that ensure your investment finds its way into environmentally sustainable initiatives—a plus point for socially conscious investors.
• Diversification Potential: Investing in municipal securities helps diversify your portfolio away from equities, mutual funds, or corporate FDs and regulates total risk.
• Safety & Security: As secured NCDs, they command greater confidence than unsecured debt instruments.

How to Apply for Surat Municipal Corporation NCD Online?

Registration with the Surat Municipal Corporation NCD is also entirely online and hassle-free. Here are the steps involved:

1. Visit the Application Page

Go to the official RR Finance NCD page - SURAT MUNICIPAL CORPORATION LIMITED NCD

2. Enter Your Basic Details

Fill in your name, mobile number, and PAN number carefully.

3. Verify and Confirm

Select the NCD Re-check your details before proceeding to payment.

4. Pay Securely via UPI Modes

Complete your investment using UPI or other available online payment modes.

5. Allotment and Confirmation

Once processed, you will receive the NCD units directly in your Demat account.

Conclusion

Surat Municipal Corporation NCD issue has attractive yield with high ratings and stable investment opportunity. For moderate risk-seeking investors who are considering fixed-income products with yields higher than an FD, this issue can be a good bet. However, you may want to consider your individual financial goals and meet with your advisor prior to investing.

Against the backdrop of urban infrastructure initiatives driving future growth opportunities, SMC's NCD issue could be an excellent strategy of balancing safety, returns and sustainability in an investor portfolio.