Savvy investors seeking higher-than-average returns from fixed income instruments are buying tax-free bonds from the secondary markets. These risk-free bonds floated by various government entities in the last four years could fetch as much as 2%-5% more than bank fixed deposits in a falling interest rate scenario.
Tax-free bonds are traded on the stock exchanges just like shares. Wealth managers said the appetite is strong for most tax-free bonds but higher for the ones issued earlie ..