Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July

In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore

The second tranche of the Bharat Bond ETF (exchange traded fund) is hitting around mid-July with an issue offer of up to Rs 14,000 crore.

In February, Finance Minister Nirmala Sitharaman had announced the second tranche and last week Edelweiss AMC, the fund manager, said it would issue Rs 3,000 crore, with a greenshoe option of Rs 11,000 crore. AK Capital is also closely working on the issue as an advisor to the government, which in a video call last week gave the go ahead for the second tranche of the ETF.

In December last year, Bharat Bond ETF mobilised Rs 12,400