Investors can access bonds across the rating and yield spectrum with face value @ INR1000 & no transaction fees
FinTech BizNews Service
Mumbai, 19th October 2023: The Yubi Group of Companies, a leading fintech organization, has announced the launch of Aspero, its premier fixed income investment platform. Under the aegis of CredAvenue Securities, Aspero is set to redefine how retail investors engage with fixed income securities in India. The platform's tagline, "Good Investments for Great Aspirations," encapsulates its vision of empowering retail investors with accessible, secure, and profitable investment opportunities.
Gaurav Kumar, Founder and CEO of the Yubi Group, says: "In today's rapidly evolving financial landscape, it's imperative to democratize the bond market in India. Recent developments, including SEBI’s push for Online Bond Platform Providers (OBPPs), have set the stage for a fundamental shift. The Indian bond market holds immense potential, yet its accessibility remains limited. We are on a mission to change that. Our vision for Aspero extends beyond a mere platform or app; it's about empowering retail investors to participate in this thriving market. Corporate bonds, once considered 'alternative' investments, have proven their mettle. With yields that can be lucrative and safety levels that are substantial, we're keen to dispel old perceptions and propel fixed income investments into the mainstream."
Vibhor Mittal, Chief Operating Officer of Aspero, shared his insights on the future of the business and its scaling plans, stating, "We envision Aspero becoming the platform of choice for retail investors and wealth partners, catering to their financial aspirations through fixed-income investment options. Our focus on incentivizing retail investors with high-quality fixed income assets and offering yields as high as 14% will help bridge the gap and elevate the status of fixed income investments in India. Additionally, while there are a variety of corporate bonds available on the platform, we will be launching more fixed income products such as SGBs and bond baskets to provide our users with an even broader array of investment choices."
Yubi has a rich history in fixed income investment, primarily serving large wealth distributors, family offices, and Independent Financial Advisors (IFAs). In FY23, the unit previously known as Yubi Invest recorded a GTV of INR 20,000 growing 2x YoY with 0% issuer defaults. With this launch, Yubi Invest will also be rebranded to Aspero and cater to wealth managers, financial advisors as well as directly to retail investors.
The platform also offers the option to invest 24x7 i.e., beyond market hours and holidays. Aspero will be launching a dedicated ‘Fixed Income Academy’ to educate users of varying levels of awareness, providing valuable insights and knowledge specific to fixed income investments.
Corporate Bond Market Remains Underdeveloped
India's corporate bond market has shown growth over the years but remains underdeveloped compared to some of its Asian counterparts. The dominance of domestic institutions, such as insurance companies, banks, and mutual funds, coupled with low retail participation, has contributed to this challenge.
