JM Financial Group has launched a digital bond investment platform called Bondskart.com, to improve retail investor participation in the corporate securities market. The move follows the Reserve Bank of India’s Retail Direct Scheme which seeks to broaden the investor base for g-secs.
The platform aims to create an ecosystem in which retail investors can easily participate in the securities market, which until now has been dominated by institutional investors.
Ajay Manglunia, Managing Director and Head of Institutional Fixed Income, JM Financial, said the potential investor will have fixed income investment options across all rating categories, yields and instrument types on Bondskart .com
The platform would cover options such as simple bonds, sub-debt / Tier-II and perpetual bonds assisted by internal analyzes. The platform would also give investors the ability to sell their debt securities with secure settlements, adding liquidity as a utility function to the platform, the group said in a statement.
Going forward, JM Financial plans to add more value added services to Bondskart.com. The fully customized platform operates with minimal human intervention, delivering time and operational efficiency. It is available on the web as well as the mobile app on Android and iOS.
JM Financial Products Limited, the flagship branch of NBFC, manages the platform. As of September 30 of this year, the group’s consolidated loan portfolio stood at Rs 11,070 crore. The struggling credit firm had Assets Under Management (AUM) of Rs 10,690 crore and Wealth Management AUMs of Rs 83,390 crore.
The group is headquartered in Mumbai and is present in 601 sites in 181 cities in India.