📈 NCD Series Management
NCD (Non-Convertible Debenture) Series represent investment products with specific terms, rates, and
tenure. This guide covers complete series management.
Series Lifecycle
stateDiagram-v2
[*] --> Draft: Create Series
Draft --> Active: Activate
Active --> Closed: Close for New Investments
Active --> Matured: Tenure Complete
Closed --> Matured: Tenure Complete
Matured --> [*]: Rollover/Redeem All
| Status |
Description |
Allowed Actions |
| ● Draft |
Series created but not open for investment |
Edit all fields, Activate, Delete |
| ● Active |
Open for new investments |
View, Add investments, Close |
| ● Closed |
No new investments, existing continue |
View, Wait for maturity |
| ● Matured |
Tenure complete, pending payouts |
Rollover, Redeem, View |
Series Fields Reference
Basic Information
| Field |
Type |
Required |
Description |
Example |
| Series Code |
String |
Yes |
Unique identifier for the series |
NCD-2024-A |
| Series Name |
String |
Yes |
Display name for the series |
NCD Series A - 2024 |
| ISIN |
String |
No |
International Securities Identification Number |
INE123456789 |
| Description |
Text |
No |
Detailed description for customers |
- |
Financial Terms
| Field |
Type |
Required |
Description |
Example |
| Face Value |
Number |
Yes |
Value per debenture unit |
₹1,00,000 |
| Interest Rate |
Decimal |
Yes |
Annual interest rate (regular) |
12.00% |
| Senior Citizen Rate |
Decimal |
No |
Higher rate for senior citizens |
12.50% |
| Minimum Investment |
Number |
Yes |
Minimum principal amount |
₹50,000 |
| Maximum Investment |
Number |
No |
Maximum per customer (optional) |
₹50,00,000 |
| Investment Multiple |
Number |
Yes |
Investments must be multiples of |
₹10,000 |
Dates & Tenure
| Field |
Type |
Required |
Description |
Example |
| Issue Date |
Date |
Yes |
Date when series opens |
01/01/2024 |
| Maturity Date |
Date |
Yes |
Date when series matures |
01/01/2027 |
| Tenure (Months) |
Number |
Auto |
Calculated from dates |
36 months |
| Lock-in Period |
Number |
No |
Months before early redemption allowed |
12 months |
Payout Configuration
| Field |
Type |
Options |
Description |
| Payout Frequency |
Select |
Monthly / Quarterly / Half-Yearly / Yearly / On Maturity |
How often interest is paid |
| Interest Calculation |
Select |
Simple / Compound |
Method of interest calculation |
| Day Count Convention |
Select |
Actual/365 / Actual/360 / 30/360 |
Days calculation for interest |
Creating a New Series
flowchart TD
A[Click + New Series] --> B[Enter Series Code]
B --> C{Code Unique?}
C -->|No| D[Show Error]
D --> B
C -->|Yes| E[Enter Basic Info]
E --> F[Set Financial Terms]
F --> G[Configure Dates]
G --> H[Set Payout Options]
H --> I[Review & Save]
I --> J[Series Created as Draft]
J --> K{Ready to Activate?}
K -->|Yes| L[Click Activate]
K -->|No| M[Edit Later]
Step-by-Step
- Navigate: Click NCD Series in sidebar → + New
Series
- Basic Info:
- Enter unique Series Code (e.g., NCD-2024-A)
- Enter display name
- Optionally add ISIN
- Financial Terms:
- Set Face Value (typically ₹1,00,000)
- Set Interest Rate (e.g., 12%)
- Set Senior Citizen Rate if applicable
- Set Minimum Investment
- Dates:
- Set Issue Date (when series opens)
- Set Maturity Date (when series ends)
- Tenure auto-calculates
- Payout:
- Select Payout Frequency
- Select Interest Calculation method
- Save: Click Save to create as Draft
- Activate: When ready, click Activate to open for investments
Series Details View
Click any series to view detailed analytics:
Overview Tab
- Series configuration and terms
- Current status and dates
- Quick action buttons
Analytics Tab
| Metric |
Description |
| Total Invested |
Sum of all investment principals |
| Investor Count |
Number of unique customers |
| Folio Count |
Number of individual investments |
| Interest Paid |
Total interest distributed |
| Interest Pending |
Upcoming interest payable |
| Avg Investment |
Average principal per investor |
Customers Tab
- List of all investors in this series
- Their investment amounts and dates
- Interest payment status
- Export to Excel option
Interest Calculation
Simple Interest Formula
Interest = Principal × Rate × Time / 100
Example Calculation
| Parameter |
Value |
| Principal |
₹5,00,000 |
| Rate |
12% p.a. |
| Frequency |
Quarterly |
| Per Quarter |
₹5,00,000 × 12% × (3/12) = ₹15,000 |
💡 Senior Citizen Benefit
Customers aged 60+ automatically receive the Senior Citizen Rate if configured. The system
calculates this based on Date of Birth.
Related Guides