INSUBCONTINENT EXCLUSIVE:
Bharat Bond exchange traded funds' third tranche will be introduced on December 3Bharat Bond exchange traded funds' (ETF) 3rd tranche will
be launched on Friday, December 3 with the aim of raising Rs 5,000 crore for investing cash in development strategies of state-owned
The new fund offer (NFO) will start on December 3, 2021 and end on December 9, 2021
The new series will mature on April 15, 2032
The fund offer will have a base concern size of Rs 1,000 crore with an open greenshoe option.The greenshoe option is anticipated to be
around Rs 4,000 crore, therefore taking the total amount to be mobilised through the ETF to Rs 5,000 crore.The properties under management
(AUM) of Bharat Bond ETF, which is managed by Edelweiss Mutual Fund, stands at Rs 36,359 crore at the end of October 2021
BHARAT Bond ETF program has actually attained some crucial goals that were imagined while creating the plan of this program
It has actually offered aggregate cost savings in loaning costs for taking part public sector business
It has actually offered simple access to investors into bond markets, particularly retail investors who are looking for an option to fixed
deposit, said Tuhin Pandey, Secretary, department of investment and public asset management (DIPAM) in the finance ministry.Bharat Bond ETF
is an exchange-traded fund that purchases the financial obligation of public sector companies
The ETF presently invests only in AAA rated bonds of public sector companies.The funds raised through the debt ETF assists in smoothing
loaning strategies of the participating public sector endeavors or public sector banks
It likewise assists them in satisfying their capital expenditure needs.The 2nd tranche of the Bharat Bond ETF, which was launched in July
2020, was oversubscribed more than 3 times, gathering about Rs 11,000 crore
It had actually brought about Rs 12,400 crore in its launching offer in December 2019.
