📄 Structured Debt Instruments · SEBI Regulated
Stability Meets
Growth Potential
Market-Linked Debentures bridge the gap between the safety of fixed-income bonds and the upside of equity markets — a smarter way to earn beyond traditional FDs.
₹1L
Minimum Investment
AAA
Credit Rated Issuers
10
Days Demat Credit
📈
🏦
🛡️
💰
Market
Linked
Debentures
Linked
Debentures
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MLDs — Structured Debt with Market-Linked Returns
RBI Reduced Minimum from ₹10L to ₹1L for Retail Access
Nifty 50 · G-Sec · Nifty 100 — Benchmark Linked
Demat Credited within 10 Days · SEBI Regulated
MLDs — Structured Debt with Market-Linked Returns
RBI Reduced Minimum from ₹10L to ₹1L for Retail Access
Nifty 50 · G-Sec · Nifty 100 — Benchmark Linked
Demat Credited within 10 Days · SEBI Regulated
Understanding MLDs
What Are Market Linked Debentures?
MLDs, also known as structured debt products, are innovative financial instruments that combine the security of fixed-income bonds with the growth potential of equity markets. Unlike traditional fixed deposits, they allow you to earn returns tied to market indices.
- Returns are linked to a predefined market benchmark — Nifty 50, Nifty 100, or 10-Year G-Sec yields
- Ideal for investors seeking higher yields than conventional debt without full equity market exposure
- Some structures offer downside protection — principal-protected at maturity regardless of market
- Credited directly to your Demat account; listed on NSE/BSE for transparency
- Issued by RBI-approved institutions — credit-rated for reliability and safety
Key Regulatory Update — RBI
The Reserve Bank of India has made MLDs more accessible by reducing the minimum investment threshold from ₹10 Lakhs to ₹1 Lakh, opening the door for retail investors to participate in structured debt instruments.
Benchmark Indices MLDs are Linked To
Nifty 50
Top 50 large-cap stocks — equity-linked returns
Nifty 100
Broader market exposure with higher participation
10-Year G-Sec Yield
Government bond benchmark — debt-linked performance
Custom Benchmark
Tailor-made structures on specific sector indices
₹1L
Min. Investment (post RBI change)
10
Days for Demat Crediting
AAA
Credit Rating of Issuers
100%
Principal Protected (select MLDs)
Types of MLDs
Choose Based on Your Risk Appetite
Every investor is different. MLDs come in four distinct structures — from fully capital-protected to fully market-linked — so you can pick exactly what suits your goals.
Principal-Protected
Guarantees 100% capital safety at maturity regardless of market performance. Earn market-linked returns with zero risk to your invested capital.
→ 100% capital guarantee
→ Market upside participation
→ Best for conservative investors
Lowest Risk
Income MLDs
Offers fixed periodic payouts combined with the potential for additional upside from market gains. Enjoy regular cash flow AND market participation.
→ Periodic coupon payments
→ Bonus market-linked upside
→ Regular income + growth
Moderate Risk
Growth MLDs
Higher participation rate in market upside with no principal protection. Designed for investors who want significant equity-like returns in a debt wrapper.
→ High market participation
→ No capital guarantee
→ Best for growth seekers
Moderate-High Risk
Non-Protected MLDs
Fully market-linked instruments. Higher returns are possible alongside higher risk. For aggressive investors comfortable with full market exposure.
→ Full market-linked returns
→ Maximum upside potential
→ For aggressive investors
Higher Risk
Why Consider MLDs?
6 Compelling Reasons to Add
MLDs to Your Portfolio
MLDs are a strategic diversification tool that offers something traditional debt and equity instruments simply cannot — a customisable risk-return profile in a single product.
Diversification
Balance between equity and debt in a single instrument. MLDs reduce your dependence on either extreme, smoothing out portfolio volatility over time.
Smart Allocation
Higher Returns
MLDs have historically outperformed traditional fixed-income products like FDs and bonds. Your money works harder without taking on direct equity risk.
Beats FD Returns
Capital Protection
Select MLD structures safeguard your principal at maturity — you can participate in market upside while knowing your original investment is protected.
Principal Safe
Tax Advantage
Returns from MLDs are taxed as per the investor's income slab rate, applicable regardless of holding period — making the tax treatment predictable and transparent.
Predictable Tax
Customisable Structures
MLDs can be tailored to match your specific risk-return expectations — choose your benchmark, participation rate, and protection level. True personalisation.
Tailor-Made
Transparency
All MLD issuers are credit-rated by SEBI-recognised agencies. Returns, benchmarks and structures are fully disclosed upfront — no hidden surprises.
Credit Rated
Who Should Invest?
Is an MLD the
Right Fit for You?
MLDs are not a one-size-fits-all product — but they serve a wide range of investor profiles exceptionally well. Here's who benefits most.
New Investors
A low-risk entry point into equity-linked returns — get the upside of markets with protection of your capital through principal-protected structures.
Cautious Market Participants
Benefit from market upside potential without direct equity exposure. MLDs give you participation without the full volatility of holding stocks.
Portfolio Diversifiers
Reduce over-reliance on traditional FDs or direct equities. MLDs fill a unique middle-ground that most portfolios are missing.
HNIs & Business Owners
Deploy surplus capital in structured products with predictable return profiles — a smart alternative to parking money in savings or liquid funds.
MLD vs Traditional Instruments
| Feature | MLD | Fixed Deposit |
|---|---|---|
| Return Type | Market-Linked | Fixed |
| Return Potential | Higher | Lower |
| Capital Safety | Select types | Full |
| Market Exposure | Indirect | None |
| Liquidity | Demat listed | Limited |
| Minimum Amount | ₹1 Lakh | ₹1,000+ |
| Issuer Rating | AAA / AA+ | Bank-backed |
| Customisation | High | None |
Our Curated MLD Solutions
Expertly Selected MLD Products for You
We partner with only top-rated issuers to bring you the best structured debt opportunities — vetted for creditworthiness, performance history, and structure quality.
High Creditworthiness
Every MLD we offer is issued by RBI-approved institutions with top credit ratings. Your investment is backed by India's most trusted financial institutions.
- AAA and AA+ rated issuers only
- SEBI-registered and RBI-approved
- Verified issuer track record
- Transparent prospectus for every issue
Proven Track Record
We evaluate each MLD based on consistent performance across multiple market cycles — up markets and down. You get access only to products that have stood the test of time.
- Multi-cycle performance analysis
- Historical benchmark comparison
- Risk-adjusted return evaluation
- Dhandho FinPill research-vetted
Flexible Options
From full principal protection to aggressive growth participation — we match the right MLD structure to your financial goals and risk tolerance, not the other way around.
- Principal-protected structures available
- Growth and hybrid options
- Tenure options from 1 to 5 years
- Benchmark selection — Nifty, G-Sec
Seamless Onboarding
Our fully digital process ensures quick and hassle-free MLD investment — from advisory to demat crediting. Everything is handled by our team on your behalf.
- Demat crediting within 10 days
- Dedicated relationship manager
- Digital documentation and e-sign
- WhatsApp support throughout
Key Features at a Glance
Everything You Need to Know
About MLDs in 4 Points
Before you invest, here are the four most important things to understand about Market Linked Debentures.
Minimum Investment
Starts at ₹1 Lakh
Accessible to retail investors post RBI's revised threshold (was ₹10 Lakhs earlier)
Demat Holding
Direct Demat Credit
MLDs are credited directly to your Demat account within 10 working days of allotment
Index-Linked Returns
Nifty / G-Sec Linked
Gains are tied to Nifty 50, Nifty 100, 10-Year G-Sec or other predefined benchmarks
Taxation
As Per Income Slab
Returns are taxed at your applicable income slab rate — no long-term capital gain benefits
🐾 Nivesh Bandhu Says
Ready to Explore MLDs?
Let's Find the Right Structure for You
Our advisors at Dhandho Marwadi will help you select the perfect MLD — matching your risk profile, return expectation, and investment horizon. Get started today.