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Bharat Bond ETF expected in Dec or Jan; to come in 3- and 10-yr maturities

A Cabinet approval is expected by December 4, after which the ETF could be launched promptly

ETFs, ETF, funds, mutual funds
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Anup Roy Mumbai
The government-backed debt exchange-traded fund (ETF) will be launched with two maturity profiles — three and 10 years — and is expected in December or in early January, pending Cabinet approval, according to ministry sources.

The issue was supposed to be tabled for Cabinet approval on Wednesday, but that did not happen. However, a Cabinet approval is expected by December 4, after which the ETF could be launched promptly, said sources.

Sources said that the government has appointed Edelweiss Asset Management to launch the first tranche of the debt ETF, to be called Bharat Bond ETF, but there may be other tranches

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First Published: Nov 27 2019 | 11:16 PM IST

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