Having some extra cash and want to invest in some debt instrument which is paying a higher rate of interest. Have a look at IIFL or India Infoline home loan bonds whose details is listed in below screenshot. However a word of caution is that it is a private company and thus safety of the capital always remain an issue despite the issue being given http://www.indian-share-tips.com/_ rating by ICRA. We suggest that if you have to go for such type of bonds; it is better to stay with govt agencies like recently NTPC and HUDCO had come with long term bonds with reasonably good rate of interest. You can check the reasons why investment in bonds be avoided to make a judicious decision.
Do remember that in such type of instruments where you are struck for a long duration; the inflation eats into your savings and thus equity is the ideal route to make money and none can beat returns generated in intraday with hot stock of the day.
