
{"id":15703,"date":"2026-08-20T15:05:16","date_gmt":"2026-08-20T09:35:16","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=15703"},"modified":"2026-08-20T15:06:56","modified_gmt":"2026-08-20T09:36:56","slug":"new-corporate-bond-rules-what-changes-for-retail-investors","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/","title":{"rendered":"New Corporate Bond Rules: What Changes for Retail Investors?"},"content":{"rendered":"<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">\ud83d\udcdd Quick Summary:<\/div>\n<h2 class=\"gpi-custom-widget-h2-content\"><span class=\"ez-toc-section\" id=\"Buying_a_bond_is_easy_Selling_one_before_it_matures_has_often_been_hard_because_few_buyers_trade_corporate_bonds_day-to-day_The_corporate_bond_market-making_framework_announced_in_the_Union_Budget_2026_is_meant_to_fix_that_1_It_appoints_institutions_to_quote_a_buy_and_a_sell_price_at_all_times_so_you_can_exit_when_you_need_to_This_piece_explains_the_framework_in_plain_terms_and_what_it_changes_for_a_retail_investor\"><\/span><strong>Buying a bond is easy. Selling one before it matures has often been hard, because few buyers trade corporate bonds day-to-day. The corporate bond market-making framework, announced in the Union Budget 2026, is meant to fix that [1]. It appoints institutions to quote a buy and a sell price at all times so you can exit when you need to. This piece explains the framework in plain terms and what it changes for a retail investor.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n\n\n<p>Most people think about a bond when they buy it. The harder question comes later: if you need your money back before maturity, can you sell it?<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/#Buying_a_bond_is_easy_Selling_one_before_it_matures_has_often_been_hard_because_few_buyers_trade_corporate_bonds_day-to-day_The_corporate_bond_market-making_framework_announced_in_the_Union_Budget_2026_is_meant_to_fix_that_1_It_appoints_institutions_to_quote_a_buy_and_a_sell_price_at_all_times_so_you_can_exit_when_you_need_to_This_piece_explains_the_framework_in_plain_terms_and_what_it_changes_for_a_retail_investor\" >Buying a bond is easy. Selling one before it matures has often been hard, because few buyers trade corporate bonds day-to-day. The corporate bond market-making framework, announced in the Union Budget 2026, is meant to fix that [1]. It appoints institutions to quote a buy and a sell price at all times so you can exit when you need to. This piece explains the framework in plain terms and what it changes for a retail investor.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/#What_the_Corporate_Bond_Market_Making_Framework_Is\" >What the Corporate Bond Market Making Framework Is<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/#Why_the_Framework_Was_Introduced\" >Why the Framework Was Introduced<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/#How_the_SEBI_Market_Maker_Improves_Liquidity\" >How the SEBI Market Maker Improves Liquidity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/#What_Does_This_Mean_for_You\" >What Does This Mean for You?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/#Corporate_Bond_Market_Frequently_Asked_Questions\" >Corporate Bond Market Frequently Asked Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/#Disclaimer\" >Disclaimer<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<p>For corporate bonds in India, the honest answer has often been &#8220;not easily.&#8221; Large institutions buy these bonds and hold to maturity, so on any day very few change hands. A market with few sellers is also one with few buyers, and that is what the corporate bond market-making framework is designed to change.<\/p>\n\n\n\n<p>It is arguably the most useful reform for anyone holding corporate bonds outside the biggest institutions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_the_Corporate_Bond_Market_Making_Framework_Is\"><\/span><strong>What the Corporate Bond Market Making Framework Is<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The corporate bond market-making framework was announced by the Finance Minister in the Union Budget 2026 and is being built by SEBI, the RBI, and the Finance Ministry together [1].<\/p>\n\n\n\n<p>At its center is a simple idea. SEBI appoints certain institutions as market makers, or liquidity providers, whose job is to quote both a buy and a sell price for a bond at all times, so there is always someone to trade with [2].<\/p>\n\n\n\n<p>Think of a market maker as a shop that is always open: without one, selling means waiting for another investor who happens to want that exact bond that day. With one, you sell to the market maker at a published price and buy from it too. That is the point of the framework.<\/p>\n\n\n\n<p>It is a permanent institutional framework, meant to lift bond secondary market liquidity in normal times and, importantly, during stress, when buyers usually vanish just as sellers need them most.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_the_Framework_Was_Introduced\"><\/span><strong>Why the Framework Was Introduced<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To see why the corporate bond market-making framework matters, look at the problem it addresses: bond market liquidity in 2026 is still thin in the secondary market.<\/p>\n\n\n\n<p>India&#8217;s corporate bond market is large, roughly 16% of GDP, with fresh issuance crossing 9 lakh crore rupees [3]. Yet most of these bonds sit in institutional portfolios, held to maturity. That leaves the secondary market shallow, so bond market liquidity does not match the size of the market.<\/p>\n\n\n\n<p>For an institution that holds to maturity, thin trading does not matter. For a retail investor who may need to exit early, it matters a great deal. Poor bond market liquidity is the gap the corporate bond market-making framework sets out to close.<\/p>\n\n\n\n<p>It is not the first step. It builds on earlier SEBI moves, including the Request for Quote (RFQ) platform designed to improve transparency and price discovery in corporate bond trading, online bond platforms that let retail investors buy easily, and a liquidity window that lets issuers offer early exits [2]. The corporate bond market-making framework is the next layer on top.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Latest Bond Updates:<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-income-tax-act-2025-what-changes-for-bond-investors-in-2026\/\" aria-label=\"New Income Tax Act 2025: What Changes for Bond Investors in 2026?\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"New Income Tax Act 2025\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20160023\/New-Income-Tax-Act-2025.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-income-tax-act-2025-what-changes-for-bond-investors-in-2026\/\">New Income Tax Act 2025: What Changes for Bond Investors in 2026?<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/sagarmalas-12-year-funding-gap-how-its-blue-bond-strategy-works\/\" aria-label=\"Sagarmala&#8217;s 12-Year Funding Gap: How Its Blue Bond Strategy Works\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/18160051\/Sagarmala-12-Year-Funding-Gap-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Sagarmala 12 Year Funding Gap\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/18160051\/Sagarmala-12-Year-Funding-Gap-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/18160051\/Sagarmala-12-Year-Funding-Gap-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/18160051\/Sagarmala-12-Year-Funding-Gap-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/18160051\/Sagarmala-12-Year-Funding-Gap-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/18160051\/Sagarmala-12-Year-Funding-Gap.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/sagarmalas-12-year-funding-gap-how-its-blue-bond-strategy-works\/\">Sagarmala&#8217;s 12-Year Funding Gap: How Its Blue Bond Strategy Works<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/\" aria-label=\"New Corporate Bond Rules: What Changes for Retail Investors?\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20150240\/Now-Corporate-Bond-Rules-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Now Corporate Bond Rules\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20150240\/Now-Corporate-Bond-Rules-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20150240\/Now-Corporate-Bond-Rules-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20150240\/Now-Corporate-Bond-Rules-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20150240\/Now-Corporate-Bond-Rules-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/08\/20150240\/Now-Corporate-Bond-Rules.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/\">New Corporate Bond Rules: What Changes for Retail Investors?<\/a><\/li>\n<\/ul>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_the_SEBI_Market_Maker_Improves_Liquidity\"><\/span><strong>How the SEBI Market Maker Improves Liquidity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The mechanism is straightforward. A SEBI market-maker bond arrangement puts a professional trader on both sides of the market.<\/p>\n\n\n\n<p>When a SEBI market maker runs continuously, three things follow: you can sell without hunting for a matching buyer; the gap between buy and sell price, the spread, narrows, so you lose less when you trade; and a published price makes valuing your holding easier.<\/p>\n\n\n\n<p>The SEBI market-maker model matters most for bonds that are not top-rated. An AAA bond from a large issuer already trades reasonably; a smaller or lower-rated bond barely trades at all, and that is where a SEBI market maker aims to make the real difference to bond secondary market liquidity, something India has long lacked.<\/p>\n\n\n\n<p>So the framework does not just help you exit. By improving bond secondary market liquidity India-wide, it can, over time, make the whole market deeper and fairer to price.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Does_This_Mean_for_You\"><\/span><strong>What Does This Mean for You?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For a retail investor, the corporate bond market-making framework changes one thing above all: the confidence that you can get out, backed by better liquidity in the secondary market, India-wide.<\/p>\n\n\n\n<p>That confidence has value even if you never use it. Better secondary market liquidity means your holding is easier to value, easier to exit, and less likely to be dumped at a steep discount.<\/p>\n\n\n\n<p>It is not a guarantee. A market maker narrows spreads and provides quotes, but the price still moves with interest rates and the issuer&#8217;s credit. What the corporate bond market-making framework removes is not price risk but the risk of no buyer at all.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Corporate_Bond_Market_Frequently_Asked_Questions\"><\/span><strong>Corporate Bond Market Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1787217579989\"><strong class=\"schema-faq-question\"><strong>Q1. What is the corporate bond market making framework?<\/strong><\/strong> <p class=\"schema-faq-answer\"> A system, announced in the Union Budget 2026, under which SEBI appoints institutions to quote continuous buy and sell prices for corporate bonds. The aim of the corporate bond market-making framework is to make bonds easier to trade in the secondary market, especially for retail investors.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787217590461\"><strong class=\"schema-faq-question\"><strong>Q2. Why was the corporate bond market-making framework introduced?<\/strong><\/strong> <p class=\"schema-faq-answer\"> To fix thin secondary trading. Because institutions hold bonds to maturity, and bond market liquidity in 2026 stays shallow, which hurts retail investors most. The corporate bond market-making framework keeps prices available at all times so investors can exit when they need to.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787217603495\"><strong class=\"schema-faq-question\"><strong>Q3. Who can participate in the corporate bond market-making framework?<\/strong><\/strong> <p class=\"schema-faq-answer\"> The market-makers are institutions identified by SEBI, within rules set by SEBI, the RBI and the finance ministry. As a retail investor, you benefit from an SEBI market-maker setup, which helps trading at the standard prices they quote.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787217614694\"><strong class=\"schema-faq-question\"><strong>Q4. How does market making improve liquidity in corporate bonds?<\/strong><\/strong> <p class=\"schema-faq-answer\"> A market-maker arrangement keeps a buyer and seller present at all times. That narrows the spread and lets you trade without waiting for a matching order, directly improving bond secondary market liquidity India has long lacked.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787217630724\"><strong class=\"schema-faq-question\"><strong>Q5. What is a corporate bond market?<\/strong><\/strong> <p class=\"schema-faq-answer\"> A corporate bond market is where companies borrow from investors by issuing bonds and where those bonds are later bought and sold. The primary market is the initial issue; the secondary market, which the corporate bond market-making framework targets, is where they trade afterwards.<\/p> <\/div> <\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The corporate bond market-making framework is a plumbing reform, not a headline one, but plumbing is what the retail bond investor has most needed.<\/p>\n\n\n\n<p>For years, the weak point of owning a corporate bond was the exit: you could buy easily but not always sell. By putting institutions on both sides of the market, the framework aims to make selling as routine as buying.<\/p>\n\n\n\n<p>It will not remove price risk, and its success depends on how well it is implemented. But the direction is clearly good for the retail investor, whose biggest disadvantage here has been the difficulty of getting out. On that measure, the corporate bond market-making framework is the most useful reform in years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Sources<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a rel=\"nofollow\" href=\"https:\/\/www.business-standard.com\/budget\/article\/budget-calls-for-creating-permanent-framework-for-buying-corporate-bonds-121020101519_1.html\">Business Standard &#8211;  Union Budget 2026<\/a> <\/li>\n\n\n\n<li><a rel=\"nofollow\" href=\"https:\/\/www.tribuneindia.com\/news\/business\/market-making-framework-to-primarily-focus-on-improving-liquidity-in-secondary-market-sebi-chairman\/\">SEBI Chairman: market-making framework, being developed with the RBI and finance ministry, will focus on secondary-market liquidity; builds on the EBP, RFQ platform and OBPPs (The Tribune \/ ANI)<\/a><\/li>\n\n\n\n<li><a rel=\"nofollow\" href=\"https:\/\/www.newkerala.com\/news\/a\/bond-tokenisation-pilot-likely-6-9-months-sebi-chief-512.htm\">India&#8217;s corporate bond market at ~16% of GDP with issuance crossing \u20b99 lakh crore; secondary liquidity remains shallow (Newkerala \/ Capital Market)<\/a><\/li>\n<\/ol>\n\n\n<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">Ready to Invest?<\/div>\n<div class=\"gpi-custom-widget-content\">\n<p>Visit <a href=\"https:\/\/goldenpi.com\/\">GoldenPi<\/a> to explore current bond options. Compare yields, ratings, and tenures in one place and invest online with as little as \u20b930,000.<\/p>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disclaimer\"><\/span>Disclaimer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities and municipal debt securities\/securitized debt instruments are subject to credit risks, market risks, and default risks, including delay and\/or default in payment. Read all the offer-related documents carefully. This blog\/article should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products\/services of\/on GoldenPi or any product\/services of its third-party client(s). For a detailed calculation of YTM, visit our website.&nbsp;<a href=\"https:\/\/delivery.goldenpi.com\/XPRBSN?id=162365=ch0GCFVXBVBUH1QDUlZXUlgBVgNSUwJVWgQGDFJQAVsEUwRfBldSBFVUAglRBFJSAA0ZBgxfQFBbERxBFSNTV10FU1cTDBgFDg5OAFIKVVFQBlZTVwQBBgFSAg0aC0BMQRIMFkwBUwoIFVdDHBwCCw1QAAsTWBpSVwgebDYxdmt\/Xl9dHxMF&amp;fl=WRVCSRBfGUkETltfVwNLAxVbCQwNWhpYVkpFGwMOBRcEWQMNUEoHSQJaV1BQAQQHTAZXA1IcAAMOBBxWB1IMFQUEVQxXXAEFBVQEUkpTVlMCUFEHU1JVAwhUAFECAQZaVFEADVAAVQBXVFRUUw==\" target=\"_blank\" rel=\"noreferrer noopener\">T&amp;C\u2019s Apply<\/a>.<\/p>\n\n\n\n<script type=\"application\/ld+json\">\n[\n  {\n    \"@context\": \"https:\/\/schema.org\",\n    \"@type\": \"NewsArticle\",\n    \"@id\": \"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/#article\",\n    \"isPartOf\": {\n      \"@id\": \"https:\/\/goldenpi.com\/blog\/bond-news\/new-corporate-bond-rules-what-changes-for-retail-investors\/\"\n    },\n    \"headline\": \"New Corporate Bond Rules: What Changes for Retail Investors?\",\n    \"description\": \"India's new corporate bond market-making framework aims to improve liquidity and price discovery. 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