JM Financial launches digital investment platform

The group has launched a digital investment platform for bonds called Bondskart.com to increase the participation of retail investors in the corporate securities market. The move comes near the Reserve Bank of India's Retail Direct Scheme, which aims to widen the investor base for g-secs.

The platform aims to create an ecosystem where retail investors can easily participate in the securities market, which has so far been dominated by institutional investors.

Ajay Manglunia, Managing Director of institutional fixed income, JM Financial, said the prospective investor would have fixed income investment options across rating categories, yields and instrument types on Bondskart.com.

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

There are plans to add more value-added services to Bondskart.com going forward. The platform has minimal human intervention and is designed to give you time and functional efficiency. It is available on the web and mobile app on Android and iOS.

The platform is managed by Products Limited, the flagship NBFC arm. As of September 30th this year, the consolidated loan book of the group stood at Rs 11,070 crore. The distressed credit business had assets Under Management AUM of Rs 10,690 crore and wealth management AUM of Rs 83,390 crore.

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