Further, the aggregate limit of the notional amount of Credit Default Swaps sold by FPIs shall be 5 per cent of the outstanding stock of corporate bonds, RBI said.
Between April 2023 to January 2024, around 47% of the Nifty500 universe generated more than 50% returns & nearly 20% of the universe more than doubled their stock prices. Most of this action was witnessed in mid and smallcap categories.
The yield on 10-year benchmark ended at 7.23 percent on April 19, which was highest since January 5, when it was at 7.235 percent, according to the Bloomberg data
Total primary market subscriptions stood at Rs 4,040.03 crore as on March 4. Of the total, treasury bill subscritpions remained higher, at Rs 2687.02 crore.
Kerala Infrastructure Investment Fund Board raised Rs 300 crore on June 30, 2023, and Ahmedabad Municipal Corporation raised Rs 200 crore on February 5, 2024.
Since the start of this month, yields on corporate bonds have risen marginally by 1-2 basis points on three-year and five-years papers. However, 10-year corporate bond yields fell 2 bps.
National Bank for Agriculture & Rural Development, Housing Development Finance Corp, REC, State Bank of India, and Power Finance Corp were the top five issuers in the corporate bond market
The minimum initial investment amount in both the schemes during NFO period is Rs 5,000 and in multiples of Re 1 thereafter. Subsequent minimum investment amount is Rs 1,000 and in multiples of Re 1 thereafter.