Glossary
/Treasury Bills
You are lending money to the Indian government, but only for a very short time. They come in three specific buckets: 91 days, 182 days, and 364 days. You do not get any interest payouts during this period. Instead, the government sells these bills to you at a discount, and you get the full face value at maturity. Because the risk of the government defaulting is practically zero, mutual funds invest in T-bills heavily to park their cash safely when the stock market gets too scary.