New Delhi:   In barely two and a half years, the Bharat Bond Exchange Traded Funds, a project of the national government, have surpassed the milestone of Rs 50,000 crore in assets under management,  Edelweiss Mutual Fund said.

Bharat Bond Exchange Traded Funds are managed by the fund firm (ETFs). According to a release, the industry-wide total for passive debt has surpassed Rs 1.15 lakh crore. The first tranche of the Bharat Bond ETF's debut in December 2019 is credited with this growth. Bharat Bond ETFs have so far been released in five tranches.

The fund ETFs' five available maturities -- 2023, 2025, 2030, 2031, and 2032 -- can assist investors in selecting the appropriate maturity for their needs. "The success of Bharat Bond ETFs is evidence of the PSUs' sound financial standing and the confidence they engender in investors. We are pleased with the outstanding performance of our first debt ETF." Secretary DIPAM, Ministry of Finance, Tuhin Kanta Pandey, said.

The ETF makes investments in AAA-rated public sector corporations that make up the Nifty Bharat Bond Indices. After the Edelweiss AMC Bharat Bond ETF's success, 30 target maturity funds have been introduced since 2019 by 11 different asset management firms, and as of September 2022, their asset under management (AUM) will have exceeded Rs 1.15 lakh crore. "Along with launching the first corporate bond ETF in India, we also built a whole new product category. 

Thus, we were able to offer investors a distinctive investment option and establish ourselves as market leaders in the fixed income and passive debt sectors "Edelweiss Asset Management Limited's Radhika Gupta, MD and CEO, said.

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