Rich investors are booking profits in tax-free bonds as yields have dropped to 4.3-4.5%. Some of them are moving to the Bharat Bond ETF, a portfolio of public sector companies with a AAA rating. “Investors can earn a 6% post-tax return in the Bharat Bond ETF series that matures in 2030 and 2031. It is a basket of high quality PSUs (public sector undertakings) which gives comfort to many investors,” said Vikram Dalal, managing director, Synergee