INSUBCONTINENT EXCLUSIVE:
NSE launches online platform for retail investors to buy g-sec Mumbai, Nov 19 () National Stock Exchange of India (NSE) Monday launched a
mobile application and web-based platform for retail investors to buy government securities
The new app - NSE goBID, was launched by Sebi chairman Ajay Tyagi
The platform will allow retail investors to invest in treasury bills (T-Bills) of 91 days, 182 days and 364 days and various government
bonds from one year to almost 40 years
"The launch of the app for investing in government securities is an important milestone at a time when the country is seeing a surge in
The retail participation in government securities only started after Sebi allowed exchanges to set up non-competitive bidding platforms by
He said compared to fixed deposit returns offered by banks, the government bonds are currently offering better yields, and retail investors
should get the opportunity to earn higher returns
The 10-year government bond yield is trading at 7.80-7.83 per cent
He, however, said the participation of retail investors in the government securities has been low, so far, and there is a need to increase
it through publicising such platforms
"We, on a regular basis, will review the progress (of such platforms) and will try to co-ordinate with exchanges to improve it further,"
The app will be available to all the registered investors with NSE's trading members and will also facilitate members to acquire new
It will allow investors to make payments directly from their bank accounts usingthe unified payments interface (UPI) and internet banking
The Union Budget 2016-17 had announced that RBI will facilitate retail participation in the primary markets through stock exchanges
RBI conducts auction of G-sec and T-bills on a weekly basis where 5 per cent of the notified amount is allotted for eligible investors
under the scheme for non-competitive bidding facility.
