ICL Fincorp offers Non-Convertible Debentures (NCDs) as a direct way for you to invest in a secured and stable financial instrument. NCDs are debt instruments issued by companies under the Companies Act to raise funds for their operations. When you invest in an NCD, you are essentially lending money to the company for a fixed period, which typically ranges from 1 to 10 years. In return, the company pays you a fixed interest rate on your investment. A key characteristic of NCDs is that they cannot be converted into equity shares of the company at a future date. This makes them an attractive option for investors seeking regular, fixed income with the security of a debt instrument. ICL Fincorp's NCDs have been assigned a 'CRISIL BBB-/Stable' rating by CRISIL, indicating a moderate degree of safety regarding the timely payment of financial obligations.