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Masala bonds can be good for NRIs' portfolios

If the view is that rupee will depreciate, hedge your exposure by using forward cover

Priya Nair 

Non-resident Indian (NRI) investors trying to earn higher interest on their investments can look at masala bonds, which are rupee-denominated bonds issued abroad. HDFC and NTPC are the two companies that have issued masala bonds so far.

Foreign individual investors, including NRIs, can invest in these bonds after listing. While the first two issues were open only for institutional investors, investment experts say that around 25 per cent of investors were private banks, which in turn sold them to their high net worth clients. Shashikant Rathi, executive vice-president and head of ...

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First Published: Tue, August 30 2016. 07:03 IST

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