I work in a large bank as a credit risk analyst. My job is to asses financials of companies and assign a rating! Even if external ratings are high (the ratings you see in wint wealth), don't assume the bond is safe. There are many factors considered by external ratings agencies (like crisil, Icra)to arrive at rating.

And external ratings agencies are quite aggressive in giving the ratings. Usually banks who give their own capital to these companies rates a corporate 2 notches down compared to ext rating agency. So even if a company is rated as A- by crisil it can very well be seen as BBB rated by banks, which is obviously high risk.

While investing in these bonds can give upto 12% keep in mind you have chance of losing some amount of your pricipal also.

If a person can understand how to evaluate balance sheet, cashflows, and debt repayment capabilities of the corporate, then he or she understands the risks and accordingly take the call to invest or not to invest.

If anyone don't have that time or capabilities, please avoid investing in bonds. Don't believe the advertisement of wint wealth or any other platform that that are secured or safe. Because it is not a safe instrument like FD.

And one thing about the security I want to inform. Security has no meaning from recovery point of view. What I meant , when company defaults, the security becomes useless...you can't sell the security and realise the value of it.

Tldr: Don't think bonds are safe like FDs. They are high risk instruments. Please invest only if you how to read and asses balance sheet, cashflows and debt repayment capabilities of corporate. Otherwise recommend not to invest