Tax free bonds are issued by fully owned government enterprises to raise funds for infrastructure and housing. These bonds have a complete tax exemption on interest income. They deliver superior post tax returns as compared to fixed deposits.
Corporate bonds are issued by large organizations to raise funds for projects. Bonds of large and stable organizations offer very high safety and are a very attractive alternative to traditional fixed deposits.
The Government of India raises debt to fund the nations economic progress. They are available for tenure as short as 3 months to as long as 10 years. They are very safe as they are backed by the government.
Structured products offer 8-10% return for short maturity. These products are backed by assets such as gold loans, housing loans and issued by large NBFCs such as Muthoot Finance, Shriram Group of companies, etc.