Harmoney is India’s first digital fixed income marketplace. Harmoney makes it easier for investors to invest in bonds and structured products.
Your investments will be held in your existing demat account.
We require your basic contact info, bank account and demat account details to complete the transaction.
Client Master List/Report is a certificate with details of your DEMAT account with your information such as name, address, DOB, bank account, nominations etc. This is useful in mapping the DEMAT accounts with trading accounts & also for off-market transfer of shares. We need it to verify the demat account details provided by you.
Both are fixed income instruments. Both have a maturity period and an interest payment.
There is an interest rate risk which is caused by the changes in interest rates. Interest rates may increase/decrease after you invest in a bond. The price of bond decreases/increases respectively because of this. However, if you hold the bond till maturity, you will receive the interest rate at which you invested similar to fixed deposits.
There is a credit risk that the bond issuer will default. In this case, the issuer stops making payments and you may not receive your money fully or partially.
There is a transaction fee associated with every investment or sale. We are waiving this in our initial offer period. Stamp duty and SEBI charges are separate and will be passed on to the investor.
Bonds offer better returns than fixed deposits without taking undue risk. Investors can invest in these instruments to increase their overall portfolio returns.
Securities transactions are regulated by SEBI and exchanges.
All your investments will be in your own Demat account with NSDL or CDSL. Harmoney’s involvement ends after the bond is delivered to your account, so your investments will stay safe even if something goes wrong with Harmoney.
You will receive the interest in the bank account linked to your Demat account.
Harmoney will provide quotes on safe bonds for investors to sell. Please contact us to avail this service. You can also sell the investment to any other buyer via exchange or any other mechanism supported by regulation.
Interest on bonds is taxable similar to any other interest payment. However in case of tax free bonds, you do not have to pay any tax. If you sell the bond before maturity, capital gains taxes apply.
Bonds are like fixed deposits, they generate higher regular income than fixed deposits and provide higher safety than equity. Find out more about how bonds work and the benefits of fixed income.