Bond funds with a high YTM of 9.5%+
Do look at the Templeton funds pack (short term, corporate bond opps funds), they are currently running a YTM of 10%+ pre expense ratio at a mod duration of less than 2 years, lot of play in the A category. Other options being the corporate bond funds from Reliance, ICICI and Kotak, these are at a YTM of approx 8.75 - 9% since they play into the AA category
Given that the repo is at 6.25%, anything in excess of 8.75% fits into high YTM in my book.
Disclaimer: I am not a SEBI registered advisor, please due your due diligence on the funds