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Debt exchange-traded funds (ETFs) that terminate on a specified date are gaining popularity. Earlier, there was only Edelweiss Mutual Fund’s Bharat Bond ETF/fund of fund. Now, Nippon India Mutual Fund is set to launch its Nippon India ETF Nifty CPSE Bond Plus SDL-2024 Maturity.
A target maturity debt ETF offers several advantages. “It has a defined maturity period, which improves predictability of return to the investor if he holds it till maturity,” says Amit Tripathi, chief investment officer – fixed income, Nippon Life India Asset Management.
They are transparent as ETFs track indices. “An ETF’s portfolio is well defined from the outset
