Edelweiss Mutual
Fund to launch second tranche of Bharat Bond ETF
Edelweiss mutual fund will launch
the two series of Bharat Bond ETF with an aim to raise Rs.14,000 crore. Close
to 25% is reserved for retail investors and 75% for retirement funds, QIBs and
non-institutional investors.
While the first series will come
with maturity of April 2025, the second series will mature on 2031. Both ETFs
will invest in AAA rated public sector companies. Subsequently, BHARAT Bond
Fund of Funds (FOF) with similar maturities will also be launched for
investors, who do not have demat accounts.
The NFO of the ETF will start from
July 14 and end on July 17, 2020.
Ms. Radhika Gupta, CEO, Edelweiss Mutual
Fund said, “This series will see two more new ETFs maturing in 2025 and 2031
namely BHARAT Bond ETF April 2025 and BHARAT Bond ETF 2031 being launched. With
this, BHARAT Bond ETFs will have four maturity points on the yield curve –
2023, 2025, 2030 and 2031. In future, we will launch more ETFs and fill the
remaining maturities.”
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