Alternate asset platform Jiraaf launches online bond platform

Bengaluru, 4 March: Alternate Investment Platform Jiraaf on Monday said it has launched its online bond platform, which will facilitate investment flow from retail investors to the bond market.

In a press release, the company said it has secured an Online Bond Platform Provider (OBPP) license from the Securities and Exchange Board of India (SEBI) enabling it to offer broad range of listed products including listed corporate bonds, securitized debt instruments (SDI), sovereign gold bonds (SGBs), T-Bills, G-secs, and State Development Loans (SDL) to retail investors.

“We are thrilled to contribute towards SEBI's goal of growing retail participation in India's bond market. The corporate bond market is growing every year and according to CRISIL it is set to double to Rs 100 lakh crore by FY30 from present Rs 45 lakh crore. Similarly, on the retail consumption side, we are observing retail investor participation in corporate bond market growing steadily from mere 0.75 per cent participation in FY2022, to 2 per cent in FY 2023 before ending around 4.1 per cent end of last calendar year. We believe technology platforms can play a significant role by making fixed income more accessible, building market confidence, and easing investments,” said Vineet Agarwal, Co-Founder, Jiraaf.

“As SEBI considers further measures like reducing face value, we believe fixed income participation is at an inflection point. We look forward to unlocking the vast potential of India's bond market to support both businesses and investors,” he added.

Jiraaf offers select listed fixed income investment opportunities through its digital platform. The platform offers diverse opportunities which allows an investor to build a fixed income portfolio between 6 per cent to 18 per cent annual returns with a tenure starting from 3 months to 3 years with minimum ticket size of Rs 10,000.