New Delhi, Aug. 14 -- Amid regulatory changes that have lowered minimum investment sizes to just Rs.10,000, the rise of online trading platforms, and the search for higher yields than traditional bank fixed deposits, investing in bonds is becoming increasingly retail-investor-friendly.

But investors generally assess corporate bonds by first screening for a minimum credit rating and then picking the bonds with the highest yield within that rating category. What they miss is that while rating is an important factor to consider, it does not solve for default, market, and liquidity risks. We spoke to experts to understand what to look for beyond a bond's rating.

According to Nishchay Nath, founder and chief executive officer, BondScanner, "...