Indian corporates are increasingly favoring the bond market, particularly short-term bonds, due to banks’ slow response to rate cuts. Liquidity infusion by the RBI has significantly lowered short-term bond yields, prompting this shift. AAA-rated companies find bond yields more attractive than bank MCLR rates, while lower-rated firms may still prefer bank credit.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,