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 equities after the sharp rally are shifting money into fixed income, which is boosting demand for these bonds," says Anup Bhaiya, MD and CEO, Money Honey Financial Services. RBI Floating Rate Bonds currently offer 8.05%, which is 100-200 basis points higher than State Bank of India's 5-10 year fixed deposit rate of 6.05% and 150 basis points more than the 10-year benchmark G-Sec yield of 6.52%. The bond's returns ar

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