Industry allocations detracted from performance led by overweight exposure to the automotive and media sectors.

The investment seeks a high level of current income. Normally, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in floating rate loans ...

Despite an overall fall in the interest rate, RBI floating rate bonds still remain the safest investment options for most investors that gives them one of the higher interest rate offering a 8.05%.

Fixed vs Floating Interest Rate: When you take a home loan, generally you have to decide between a floating or a fixed rate of interest home loan. Let me explain it in simple language so you know ...