A Forward Cover investment helps you lock in an exchange rate at maturity and eliminates exchange rate risks. There are two types of forward cover investments:

Money Market Instruments are short dated debt instruments generally issued by supra national governments, financial institutions or corporations. They include Treasury Bills, Certificates of Deposits and Commercial paper.

These short-term financial instruments are issued by creditworthy and highly rated entities.

Money market funds invest in short term debt instruments such as repos, treasury bills and commercial paper.

True to their name, these are close-ended mutual funds that protect invested capital, no matter what happens in the financial markets.

These are close-ended mutual fund products that invest primarily into fixed income instruments such as bonds or certificates of deposit to lock in currently available yields.