by Suresh KP
|
Bharat Bond ETF for 3 years and 10 years -
Review After 2 years of deliberation between the Goverment of India and various
stakeholders, finally Bharat Bond ETF is launched on 4th December, 2019.
Bharat Bond Exchange Traded Fund (ETF) would
constitute companies from CPSU, CPSE and other Government Organizations.
Features of Bharat Bond Exchange Traded Fund
This
would invest in debt of CPSUs, CPSE and other Government organizations in
India.
This
is India’s first debt ETF that tracks debt bonds of Government enterprises.
Edelweiss
Asset Management would manage this Bond ETF.
This
Bond ETF would be issued in 2 series of maturity, i.e. 3 years maturity and 10
years maturity.
With
this Bond ETF, PSUs can raise funds from investors.
These
ETFs would be traded like any other stock on the stock exchange.
Bharat
bond ETF share price / unit price is fixed at Rs 1,000 per bond. Minimum lot
details are yet to be known. Maximum is Rs 2 Lakhs for retail investors.
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