Investing in PSU bonds can be a great way to earn a steady, reliable source of income. But with so many options available, it can be challenging to know which bonds to choose. In this post, we’ll take a look at ten of the top PSU bonds to invest in this year based on factors like yield, credit rating, and market trends.
PFC Tax-Free Bonds
Power Finance Corporation (PFC) tax-free PSU bonds are a popular choice for investors looking for tax-exempt income. These bonds offer a fixed interest rate of up to 5.88% per annum and come with a tenure of 15, 20, or 25 years. They are rated AAA by rating agencies like CRISIL, ICRA, and CARE, indicating a high level of creditworthiness.
NHAI Tax-Free Bonds
National Highways Authority of India (NHAI) tax-free bonds are another tax-exempt investment option that offer a fixed interest rate of up to 5.98% per annum. These bonds have a tenure of 15, 20, or 30 years and are rated AAA by rating agencies.
REC Tax-Free Bonds
Rural Electrification Corporation (REC) tax-free bonds are another popular tax-exempt investment option for investors. These bonds offer a fixed interest rate of up to 5.74% per annum and have a tenure of 10, 15, or 20 years. They are rated AAA by rating agencies.
HUDCO Tax-Free Bonds
Housing and Urban Development Corporation (HUDCO) tax-free bonds offer a fixed interest rate of up to 6.79% per annum and have a tenure of 10, 15, or 20 years. They are rated AAA by rating agencies and are a good option for investors looking for tax-exempt income.
IRFC Tax-Free Bonds
Indian Railway Finance Corporation (IRFC) tax-free bonds offer a fixed interest rate of up to 5.63% per annum and have a tenure of 10, 15, or 20 years. They are rated AAA by rating agencies and are a good option for investors looking for steady, reliable income.
NABARD Rural Development Bonds
National Bank for Agriculture and Rural Development (NABARD) rural development bonds are a good option for investors looking to support rural development in India. These bonds offer a fixed interest rate of up to 7.35% per annum and have a tenure of 10 years. They are rated AAA by rating agencies.
IOCL Bonds
Indian Oil Corporation Limited (IOCL) bonds offer a fixed interest rate of up to 6.95% per annum and have a tenure of 10 years. They are rated AAA by rating agencies and are a good option for investors looking for a reliable, long-term investment.
ONGC Bonds
Oil and Natural Gas Corporation (ONGC) bonds offer a fixed interest rate of up to 6.7% per annum and have a tenure of 10 years. They are rated AAA by rating agencies and are a good option for investors looking for a low-risk, stable investment.
NTPC Bonds
National Thermal Power Corporation (NTPC) bonds offer a fixed interest rate of up to 6.4% per annum and have a tenure of 10 years. They are rated AAA by rating agencies and are a good option for investors looking for a long-term investment with steady income.
SBI Bonds
State Bank of India (SBI) bonds offer a fixed interest rate of up to 6.45% per annum and have a tenure of 10 years.