InvestorQ : Is it true that some of the retired investors and pensioners have invested in Yes Bank AT1 bonds and what will happen to them?
Riya Dwivedi made post

Is it true that some of the retired investors and pensioners have invested in Yes Bank AT1 bonds and what will happen to them?

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rhea Babu answered.
12 months ago
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Unfortunately, a lot of very senior retired persons have got caught in this product and have invested heavily. To an extent, this was due to the product being mis-sold by the Yes Bank sales staff to the individuals. They were sold these products as better and safer products than FDs and also offering the extra 1.5% returns, which was too attractive for retired persons to miss out. Prior to Yes Bank, no one expected a default in AT1 bonds. The clamour is rising for SEBI to impose some safeguards against mis-selling to retail investors. This used to happen with ULIPs but IRDA came down heavily on such mis-selling and brought it under control.

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