The Reserve Bank of India (RBI) on Tuesday introduced three new facilities for investors. Retail Direct Mobile App has been introduced to facilitate seamless and convenient access to the retail direct platform for retail investors and ease of transacting in government securities (G-Secs). With the launch of the retail direct mobile app, retail investors can … Read more
With the inclusion of India’s government securities (G-Secs) in the global bond index, there could be a huge inflow of FPI money, says Abhijit Roy, CEO of GoldenPi. In an interview with Navneet Dubey of BT Money Today, Roy delves into the intricacies of G-Secs, emphasising why they now present an opportune moment for investors to consider … Read more
The amendments to the taxation of debt mutual funds didn’t bode well for investors across categories, as the arbitrage benefits one could avail on such investments are no longer in place. According to the amendment to the Finance Bill, income from investments in debt mutual funds where not more than 35% is invested in equity … Read more
MUMBAI: With the government set to borrow Rs 50,000 crore more in the remaining weeks of the fiscal month, Friday’s auction has seen the weighted average yields hitting the roof at 6.18 per cent which is the highest this fiscal. At 6.18 per cent, the weighted average yield has spiked to its highest level this … Read more
MUMBAI: The Reserve Bank of India (RBI) could not find takers for about Rs 25,000 crore of government bonds at reasonable rates as bidders demanded higher yields, pointing to the challenges North Block’s principal money manager faces in preventing a spiral in debt costs. The benchmark yield surged 11 basis points Thursday, mimicking the recent … Read more
There is a lot of value in the longer end of the curve as these situations normalise, says R Sivakumar, Head Fixed Income. Bond yields have corrected below that 6% level post RBI’s Operation Twist and the HTM limit relaxation as well. What is it that your outlook is on some of these measures and … Read more