Treasury bills (T-bills) offer short-term investment opportunities of one year. Government of India issues three types of treasury bills, namely, 91-day, 182-day and 364-day.

Long term securities, issued by Central Government or State Government, carry a fixed or floating coupon (interest rate), which is paid on the face value payable at fixed time periods. The tenor of dated securities can be up to 30 years.

Corporate bonds are longer-term debt instruments issued by companies to raise money for business expansion. These instruments usually have a maturity date of at least a year after issue, are considered higher risk than government bonds.

High Yield Bond (Junk Bond) carries lower credit rating than investment-grade corporate bonds. Because of the higher risk of default, these bonds pay a higher yield than investment grade bonds.

Bonds issued by emerging market countries e.g. the Middle East, Latin America, Asia. They are vulnerable to political and economic instability, having low average per-capita income. The potential for rewarding investment opportunities comes with relatively high risk.