Removal of indexation benefits on mutual funds (MFs) may lead to an increase in direct bond buying by investors. Wealth management firms are confident that HNI (high net-worth individual) clients, who so far preferred the MF route for investing in corporate bonds, will now turn to direct buying of these bonds. “In terms of demand, we have observed AAA-rated issuers like HDFC are able to raise INR500 crore-INR1,000 crore worth of corporate bonds
