Insights
In-depth perspectives on fixed income investing, bonds, debt mutual funds, private credit, structured yield, REITs, InvITs, alternative investments, and tokenized fixed income — written for qualified FIPNEXT participants.
Where we see the best risk-adjusted opportunities across Indian G-Secs, SDLs, AAA/AA corporates, and global IG as we head into H2 2026 — plus a framework for sizing duration versus carry.
How the RBI's July open market operation schedule, VRRR auctions, and durable liquidity stance are shaping the 2s10s and SDL-over-G-Sec spread heading into the August MPC.
BUIDL, Ondo, Franklin, Superstate and Hashnote — a comparative view of custody, redemption windows, cross-chain expansion, and how institutional allocators are actually using tokenized cash.
Chair Warsh's first minutes revealed a split committee. We work through curve trades, IG credit positioning, and EM debt implications when the next cut's timing is genuinely uncertain.
With the 10-year benchmark at a 13-week low near 6.75%, we unpack how JPMorgan and Bloomberg index inclusion flows, softer oil, and RBI's OMO calendar are re-shaping the Indian yield curve.
Direct lending and asset-based finance keep taking share from banks — but 2026's early stress data, PIK usage, and NAV-loan practices are drawing scrutiny from RBI, SEBI, the Fed, and the ECB.
How IFSCA's fund management regulations, listing framework, and tokenization sandboxes are turning GIFT City into the primary conduit for USD-denominated bond issuance and global fund distribution.
The June 17 FOMC left rates at 3.50–3.75% but the language was reset. We map what a stripped-down statement, withheld dot, and framework task forces mean for Treasury curves and EM debt.
A structural read on the $15.2B on-chain Treasury market — product design, custody, redemption rails, and where BlackRock's new SEC filings sit versus Ondo's OUSG and Franklin's FOBXX.
A practitioner's walkthrough of the consolidated Master Circular and the April 2026 AIF Amendment — dematerialisation, valuation, borrower-level disclosures, and their impact on Category II private credit funds.
The MPC's unanimous hold at 5.25%, the GDP downgrade to 6.6%, and a marginally higher inflation path — what the neutral stance means for duration positioning, SDL spreads, and credit allocation over the next two quarters.
Understand fixed income basics — government securities (G-Secs), treasury bills, corporate bonds, debentures, debt mutual funds, and bond ETFs — and how each fits into a balanced portfolio.
How RBI conducts G-Sec auctions, how 10-year benchmark yields are set, and how retail and qualified investors can access sovereign debt through RBI Retail Direct and GILT funds.
A practical walkthrough of AAA, AA, and A-rated corporate bonds and Non-Convertible Debentures (NCDs) — credit spreads, call options, put options, and covenant analysis.
Inside structured notes, market-linked debentures (MLDs), capital-protected products, and yield enhancement strategies — payoff design, underlying assets, and tax treatment.
Comparing post-tax yields on tax-free PSU bonds (NHAI, REC, PFC, IRFC), Sovereign Gold Bonds (SGBs), RBI Floating Rate Savings Bonds, and small savings schemes.
A category-by-category map of debt mutual funds — liquid, ultra-short, low duration, short, medium, corporate bond, banking & PSU, credit risk, dynamic bond, and gilt funds.
How shifts in the Indian and US yield curve signal macro regime changes, and how active duration management can capture alpha across the fixed income spectrum.
How Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) deliver contractual cash flows, distribution yields, and inflation-linked income.
An overview of Category I, II, and III Alternative Investment Funds (AIFs), Portfolio Management Services (PMS), venture debt, and selective private opportunity networks.
How qualified Indian participants are diversifying into US Treasuries, investment-grade corporates, high-yield bonds, and emerging market sovereign and corporate debt under LRS.
Practical bond laddering, barbell, and bullet strategies for stable cash flows, reinvestment risk management, and duration-targeted income generation.
How to evaluate credit risk, interest rate (duration) risk, reinvestment risk, and liquidity risk across bonds, debt funds, and structured products.
Latest tax treatment of interest income, capital gains on listed and unlisted bonds, debt mutual funds, market-linked debentures, and Sovereign Gold Bonds after the 2024–26 amendments.
How inflation-indexed bonds, floating-rate notes, and real-yield strategies protect purchasing power across cycles in India and globally.
How curated onboarding, eligibility review, and ecosystem alignment shape participation in the FIPNEXT network.
Why FIPNEXT prioritises ecosystem integrity, alignment, and curated access instead of public onboarding.
The FIPNEXT long-term vision for unified, ecosystem-driven opportunity discovery across global markets.