RBI set to cut rates soon: Which debt mutual fund should you invest in now?

Equity markets have faced turmoil in the past two months, but fixed-income investors have reasons to smile. Major banks, such as the SBI, ICICI Bank and Axis Bank, have hiked their deposit rates. You can earn 7.25% interest on deposits of 1-2 years. Smaller banks, such as the Bandhan Bank, are offering 8%, while NBFCs, such as Sriram Finance, are giving up to 8.9% per annum. Senior citizens can expect 0.5-0.75% higher rates.