Why are RBI’s Floating Rate Bonds becoming the new safe haven for low-risk investors?
Mumbai: A super safe debt instrument is finding favour among investors, looking for better options than bank deposits and small-savings schemes. Several individuals, who have cut exposure to equities and precious metals, are diverting the corpus to RBI’s Floating Rate Bonds – government-backed debt instruments with a seven-year lock-in. “Investors booking profits in metals and…