Corporate bonds sound dull compared to equity and crypto, but a handful of companies are betting young investors are ready for another asset class.
The past five years have seen an influx of retail investors investing directly in stocks, courtesy discount brokers and apps such as Robinhood in the US and Zerodha and Groww in India. Millions of new investors have poured into equities, driven also by rising stock prices, globally, over the past decade. But some of that exuberance is coming off given the headwinds of global inflation and high commodity prices.
This shift in the global macro environment—along with fixed deposit interest rates under 6% a year at major banks—might be making another asset class more appealing: the humble bond or debenture. …
Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.
Writer
advait@mailtmc.com
Mumbai