Interest

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2012 I have NCD of India Infoline N4 Series purchased at Rs. 924/- before 3 months. Now, the current price is above Rs. 1000/-. Shall I sell these NCD and Book profit or shall I hold?

ALSO I WOULD LIKE TO KNOW THAT WHETHER I WILL BE ELIGIBLE FOR INTEREST ALSO ALONG WITH CAPITAL GAIN IF I SELL THE NCD NOW? THE RATE OF INTEREST ON THE SAME IS 11.90%.

ALSO PLEASE SUGGEST OTHER GOOD NCDS TO INVEST IN AS PER CURRENT MARKET CONDITIONS.

THANKING YOU,

CA. SUJAL MEHTA

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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29 August 2012 What is The Criteria of Giving Interest.
If You Sold Before Interest Maturity Date Then You are Not Eligible For Interest.

But Always CMP Includes Interest Accrued But Nut Not Receivable.