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The second tranche of Bharat Bond ETF (trade traded fund) collected ₹10,992 crore. The ETF was launched on July 14 and closed on July 17 with a base problem dimension of ₹3,000 crore, a green-shoe possibility of ₹12,000 crore, taking the whole dimension to ₹15,000 crore.
Bharat Bond ETF was oversubscribed by over thrice.
Edelweiss Mutual Fund’s Bharat Bond ETF NFO witnessed large retail participation. It acquired over 40,000 functions.
“The second series of Bharat Bond ETF received an outstanding response, oversubscribed more than 3 times, estimated collection around ₹10,000 crores with wide participation across categories,” Secretary DIPAM (Department of Investment and Public Asset Management) tweeted.
Bharat Bond ETF affords two maturities of 5 years and 11 years maturing in April 2025 and April 2031 respectively. You can select to speculate primarily based in your funding horizon.
There isn’t any lock in. An investor should buy or promote items on trade any time throughout buying and selling hours or by means of the Edelweiss AMC as a Fund of Fund.
The preliminary collection of Bharat Bond ETF got here in December 2019 which was oversubscribed by 1.7 instances and garnered over ₹12,000 crore.
The ETF at present invests solely in ‘AAA’ rated bonds of selecetd public sector firms.
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