Advisors are pointing investors toward banking & PSU debt fund schemes this October, arguing they are ‘relatively safe’ since at least 80% of their corpus is invested in bonds and papers issued by banks, public-sector undertakings and public financial institutions. With interest-rate risk still present and stronger credit underpinned by government backing, these schemes appeal to risk-aware investors as inflation fears and market volatility persist. The advice comes even as equity markets remain choppy and foreign flows remain an important risk factor.