mumbai bollywood boxoffice legends have often been fuelled by the overwhelming star power of celebrities such as aamir khan akshay kumar aishwarya rai ranbir and kareena kapoor few know though that the indian bond market too is being partly fuelled by a generous smattering of investment by these very stars akshay kumar 48 reportedly with earnings of rs 128 crore this year has been a regular and big investor in fixed income instruments with his latest investment being in indian railway finance corporation irfcs taxfree bonds which closed on thursday irfcs rs 4532crore bond offering had a 25 reservation for high net worth individuals and this category was subscribed twice on day one of the opening of the issue besides akshay kumar aamir khan 50 with earnings of rs 104 crore and kareena kapoor khan 35 with earnings of rs 53 crore have also put their money into irfc bonds merchant banking sources said celebrities have realized fixed return instruments are more attractive as they are taxfree and they can invest for the long term for 1520 years compared to fixed deposits that are taxable and are of shorter tenure said hiten shah director sk capital advisors further celebrities believe that if there is a liquidity requirement then these instruments can be sold in the market and also additional profit can be made through capital appreciation over and above the interest rate if the interest rate falls shah said among the young celebrities ranbir kapoor 33 with earnings of rs 85 crore has also been investing in bonds rai a former miss world has invested in taxfree instruments including the recent issue of national highway authroity of india for most celebrities the preferred investment has been real estate having bought living pads in new york london and dubai now they are increasingly investing into stocks mutual funds bonds and private equity funds market sources said some of the celebrities such as amitabh bachchan and salman khan have invested in stocks of listed and unlisted companies the superstars make their investments through their chartered accountants wealth managers or relationship managers of big private banks they said in the irfc offering any single investment of more than rs 10 lakh was categorized as nonretail under this category investments of 10year tenure would earn interest at 707 per annum of 15year tenure the interest rate is 728 and for 20year tenure the corresponding rate is 725 in comparison in fds of five years in sbi would earn 7 after paying tax at 30 rate net interest income would be less than 5