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Illiquidity premium ka concept, aur wo kab jaayaz hai
Published by The Retail Trader · AUG 08, 2026 · AIF, PE & Alternates
Kai products zyada return ka vaada karte hain aur badle mein aapka paisa kuch saal ke liye baandh dete hain. Us extra return ka ek naam hai, aur uska ek hisaab bhi hona chahiye.
Jo asset aasani se bik nahi sakta, uske investor ko us asuvidha ka muavza milna chahiye. Isi extra expected return ko illiquidity premium kehte hain.
Ye concept sahi hai, par uska galat istemal bhi bahut hota hai — har lock-in ke saath premium nahi aata, aur har premium ka wada asli nahi hota.
Ye chaar sawaal har lock-in par lagte hain:
• Us duration mein aapko wo paisa chahiye pad sakta hai ya nahi.
• Extra return kitna hai, aur wo comparable liquid option se kitna zyada hai.
• Emergency mein exit ka koi raasta hai ya bilkul nahi.
• Lock-in aapke faayde ke liye hai ya sirf product ke stability ke liye.
Ek chhota lock-in kabhi kabhi behaviour ke liye acha hota hai — wo aapko bure din mein bechne se rok deta hai. Par wo faayda tabhi bachta hai jab baaki portfolio itna liquid ho ki emergency mein aapko us locked hisse ki zaroorat hi na pade.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.