AK INVESTMENTS  ·  FIXED INCOME FUNDAS Listed vs Unlisted Bonds LISTED BOND Listed on NSE / BSE The bond is on a stock exchange. Its price, rating and news are public, and you hold it in your demat account. UNLISTED BOND Sold privately The bond is sold directly to a few investors. It is not on any exchange and details stay private.   AT A GLANCE LISTED UNLISTED Minimum amount ₹10,000 to ₹1 lakh ₹1 lakh and above How you buy Online — bond platform or broker Privately, through an arranger Exit before maturity Possible on the exchange Very hard — plan to hold on Credit rating Compulsory and public Often none, or private Information after you buy Filed with the exchange Limited and private Return Market priced, easy to compare Higher, but for higher risk Tax on gains 12.5% if held over 1 year Your slab rate, always Regulator SEBI listing rules apply Mainly the Companies Act   THE SIMPLE TAKEAWAY Start with listed bonds. They need less money, are easier to sell, and are taxed more kindly. Pick an unlisted bond only if you know the company well and can hold it till maturity. Ask three questions before you invest Who is borrowing my money, and what is their credit rating? Will I need this money before the bond matures? What is my return after tax, not before it? For information and education only — not investment advice. Bonds carry credit and interest-rate risk; returns are not guaranteed. Tax rules are as understood on 28 August 2026 and depend on your own situation — please speak to your tax adviser. Read the offer document before you invest.