Mumbai, August 18: Technology has significantly simplified the process of opening Demat accounts. This has led to a surge in account openings from Tier 2 and Tier 3 cities. The statement was made by Samir Patil, Chief Business Officer of NSDL, during a conversation with a news agency at the ‘Great Indian Bond Festival’ (GRIP) held in Mumbai.
Patil noted, “In the past, opening a Demat account was a time-consuming process. However, with the advent of technology, everything has changed. Now, you can open an account from the comfort of your home, leading to a substantial increase in account openings from Tier 2 and Tier 3 cities.”
He further emphasized that investors have limited knowledge about the bond market. The GRIP event featured representatives from SEBI, NSDL, and other stakeholders to raise awareness among investors about the bond market and how they can benefit from it.
Vaibhav Ladda, CEO of GRIP, shared insights about the event, stating, “This is the first time we are organizing an annual festival for the bond industry. Our goal is to educate and inform people about bonds as an investment avenue and explain their significance for retail investors and the industry as a whole.”
He added, “Understanding bonds is crucial for investors. Nowadays, when people think of fixed returns, they typically only consider fixed deposits. After tax, the returns from fixed deposits may fall short of inflation rates, making it essential for retail investors to explore the bond market. Bonds offer a way to earn returns without facing the volatility associated with equities.”
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