Retail investors chased 13% yields—TruCap gave them a default
Last Update Date: 06-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar cautioned retail investors against focusing only on coupon rates, explained that higher coupons usually reflect higher default risk, and pointed out that online bond platforms earn fees from issuers while investors carry the risk.
More of Abhishek's views on saving and deposits
Mint reports on a listed non-bank lender's default on high-coupon bonds sold to retail investors through online bond platforms in July 2025. The article traces the rating downgrades, covenant breaches and funding delays behind it, the impact on small investors, and the debate over direct bond investing.
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Retail investors chased 13% yields—TruCap gave them a default