Indian brokerage firm Zerodha is implementing a bold initiative aimed at fostering greater participation in government bonds (G-Secs), treasury bills (T-Bills), and state development loans (SDLs). Effective March 1, 2024, Zerodha will waive the 0.06% brokerage fee on these investment options.
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The possible inclusion of Indian treasuries to Bloomberg s Emerging Market Local Currency Index could potentially trigger active and passive foreign inflows worth $15billion -20 billion over FY25.
Marzban Irani, CIO of LIC Mutual Fund Asset Management, discusses the growth of the mutual fund industry, with a focus on the increase in equity inflows and the crossing of the 50 trillion mark in Average Assets Under Management (AAUM). He predicts that inflows will continue to rise, particularly as investors take tactical calls. The industry is also seeing penetration into small towns, driven by awareness campaigns. Irani expects this year to be favorable for debt instruments due to expected interest rate declines.