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JM Financial floats digital investment platform for corporate bonds

JM Financial Group has launched a digital bond investment platform called Bondskart.com to increase private investor participation in the corporate securities market. The move comes close on the heels of the Reserve Bank of India’s Retail Direct Scheme, which aims 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 & Head of Institutional Fixed Income, JM Financial, said the potential investor on Bondskart.com would have options for fixed income investments across a variety of rating categories, yields and instrument types.

The platform would include options such as plain vanilla bonds, sub-debt/Tier-II and perpetual bonds, backed by internal analytics. The platform would also give investors the flexibility to sell their debt securities with secure settlements, adding liquidity to the platform as a utility function, the group said in a statement.

In the future, JM Financial plans to add more value-added services to Bondskart.com. The fully customized platform runs on minimal human intervention and provides time and functional efficiency. It is available on the web and in the mobile app on Android and iOS.

JM Financial Products Limited, the flagship of the NBFC, operates the platform. On September 30 of this year, the group’s consolidated loan book was Rs 11,070 crore. The distressed lending business had assets under management (AUM) of Rs 10,690 crore and asset management AUM of Rs 83,390 crore.

The group is headquartered in Mumbai and has a presence at 601 locations across 181 cities in India.

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