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Bonds vs Debentures in India: Understanding the Key Differences

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Bonds and debentures are both fixed-income instruments, but they differ in terms of security, structure, and risk profile. While bonds are often secured and issued by governments or large institutions, debentures are typically issued by companies and may be secured, unsecured, or even convertible into equity. Understanding these distinctions helps investors choose the right instrument based on safety, returns, and long-term investment goals.

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Uploaded on December 25, 2025