Bharat Bond ETF may look at including 'AA' rated securities of PSUs: DIPAM

Bharat Bond ETF, India's first ever corporate bond exchange traded fund, may look at including 'AA' rated securities of public sector companies going ahead as the government aims to deepen the market, DIPAM Secretary Tuhin Kanta Pandey said on Friday.

The ETF currently invests only in 'AAA' rated bonds of public sector companies.

To a query on whether the ETF will include 'AA' rated bonds going forward, Pandey said: "We have kept that provision. We have not restricted it to 'AAA' rated in future. As we go along, we may have to consider, because we want to develop a bond market. The