Investors with a higher risk appetite looking to earn double-digit returns from fixed-income products could consider allocating some money to non-convertible non-cumulative redeemable preference shares (NCPRS) of Music Broadcast, a Jagran Prakashan entity.
These instruments, which are listed on the BSE and NSE, could return 11.5% to investors with a lower tax outgo. Investors should buy these instruments to hold till maturity as liquidity is low.