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Your Money: Go for floater funds, floating rate bonds or market-linked debentures
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By Hemanth Gorur
While borrowers are rejoicing at the falling interest rates, bond investors and takers for term deposits are wringing their hands in despair. Investors depending on fixed income have seen their interest income dip in the recent past. This situation may persist for some time, but all is not lost for bond investors. Knowing how interest rates in the market move and what alternative investment products available can help navigate these tough times in a smart way.
Interest rates that matter The interest rate story starts with the RBI’s repo rate. The repo rate is the rate at which RBI lends to all other banks. Retail lending rates of banks are directly linked to the repo rate. Currently, banks quote a ‘spread’ over and above the
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