Bonds

Individual Portfolios should be diversified and versatile in terms of investment options; Bonds are also less-risky investing options compared to Capital (Stock) Markets & Mutual Funds; Usually Bonds are considered as medium-term investing options for fixed interest & future liquidity.

Bonds have fixed rate of interest, hence ROI is pre-determined
Bonds have a lock-in period, hence liquidity is Not available for the fixed time duration
Bonds can be issued by private and public sectors, authorized by its governing body;