Bonds are great alternative to FDs, debt funds- Paytm Money CEO Varun Sridhar
时间:2024-06-26 12:15:14 阅读(143)
Paytm Money, which launched its bonds platform last month, is very optimistic about the future of the retail bond market in India.
The company’s top management believes that bonds should have a portfolio weight of 30-40%. Currently, 100 million Indians should have direct bonds in their portfolios.
Sridhar further said that their research has shown around 70% of Indians are savings in mutual funds, fixed deposits or in savings accounts. On the platforms of Paytm Money, there is a trend of users adding money but not trading that regularly. Paytm Money decided to introduce bonds for retail investment, which earlier was limited for institutions or high networth individuals.”
He added that Gujarat is an important market for the company because it is among top three regions. Gujarat has highest participation of exchange traded funds (around 25%), 10% of total monthly active users in equity are from Gujarat, 10% of our monthly/yearly transactions come from Gujarat, contributes 10% of total MF business, ~600 crore of MF assets under management ( 7% of total) are from the state and it has highest participation in IPO ( ~40% users dealing in IPOs).
Commenting on the attractiveness of bonds, Sridhar said these can diversify the portfolio of the investors, reduce overall volatility and provide a hedge against market downturns.
Moreover, recent changes to the taxation of debt mutual funds also made bonds more attractive, as for bonds, interest income and short term capital gains (?1 year) is taxed at the investors’ marginal tax rate and long-term capital gains (?1 year) is taxed at 10% without indexation. Further, bonds do not attract any STT or stamp duty which reduces the transaction cost.”
“With this platform, Paytm Money is trying to help retail investors in accessing the bond market easily and safely. We provide a comprehensive collection of publicly listed bonds with ticket size more appropriate for retail investors. The platform also provides necessary information about the bonds including issuer details, current yields, maturity dates, credit ratings and other relevant data”, added Sridhar.
上一篇:Bitcoin Spot ETF- Crypto investors tracking US SEC announcements
下一篇:Zomato share price rallies 13%, tops Rs 50 as Q1 net loss halves; should you buy, sell or hold-
猜你喜欢
- TVS Supply Chain Solutions IPO Listing- Shares have tepid debut on bourses, list at 5% premium
- Top dividend-yield Mid-cap shares in last 1 year- Sanofi India, REC, Oil India and more
- The ‘easy revenue’ addiction- States’ dependence on Alcohol excise duties has been deepening
- Bull run- Investors’ wealth climbs Rs 12
- Syrma SGS IPO GMP falls; last day to subscribe to Rs 840 crore public issue
- Technical stock picks- Cipla, CONCOR, Deepak Nitrite may rally to 12%, check target prices
- TCS, Infosys, IT cos Q1FY23 results preview- Revenue growth, hiring to cool off, lower margins on wage hikes
- Buy Bata, ONGC, HDFC Life for near-term gains; Nifty support at 17150, charts signal more weakness
- Biocon, Elin, KfinTech, Gland Pharma among 28 NSE stocks to hit 52-week lows, 30 rise to 52-week highs