Bharat Bond Exchange Traded Fund: A New Offer for Investors
On 4th December, 2019, the government unveiled the Bharat Bond Exchange Traded Fund (ETF), India’s first exchange-traded fund housing corporate bonds issued by state-run companies.
- Bharat Bond ETF, India’s first corporate bond ETF, has garnered Rs 12,400 crore from its maiden offer that opened for subscription on December 12, 2019.
- The bond ETF is being managed by Edelweiss Asset Management Company (AMC).
Aim of Bharat Bond ETF
- To provide increased liquidity and retail participation in the debt market
- To provide returns linked to the interest rate in the economy
Bharat Bond ETF
- The Bharat Bond ETF is a target-maturity bond ETF, ....
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