Income earned from NCDs attracts capital gains tax or income tax?

It is advisable to invest a lump sum amount in dynamic asset allocation funds as they have the flexibility to alter asset allocation between equity and debt basis on their relative valuations and hence provide better risk-adjusted returns

Income earned from NCDs attracts capital gains tax or income tax?
It is advisable to invest a lump sum amount in dynamic asset allocation funds as they have the flexibility to alter asset allocation between equity and debt basis on their relative valuations and hence provide better risk-adjusted returns