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Fixed Income

Fixed income refers to debt securities that provide a predictable stream of income, typically through fixed interest or coupon payments, until the maturity date when the principal is repaid.

FPIs are allowed to invest in below mentioned fixed income securities:

  • Dated Government Securities (G-Secs), State Development Loans (SDLs) and Treasury Bills (T-Bills)
  • Listed/ To-be listed and Unlisted Corporate Bonds and Debentures issued by a body corporate.
  • Non-Convertible Debentures (NCDs)/ Bonds under default
  • INR-denominated Credit Enhanced Bonds
  • Security Receipts issued by Asset Reconstruction Companies
  • Debt Instruments issued by Banks eligible for inclusion in regulatory capital (Tier-I and Upper Tier-II instruments of banks)
  • Commercial Papers
  • Municipal Bonds
  • Unit schemes/ ETF, floated by domestic mutual funds, investing 50% or less in equity
  • Debt securities issued by InvITs & REITs