Bharat Bond ETF will be launched on this day

May 23 2020 04:32 PM
Bharat Bond ETF will be launched on this day

On Friday, Edelweiss Asset Management said that it will launch the second instalment of the Bharat Bond ETF in July, raising Rs 14,000 crore with two new series. This is the second instalment after the successful launch of the initial series of ETFs in December 2019.

In addition, the fund house said in a statement that in view of the market demand, through the launch of two new ETF series, Edelweiss Mutual Fund proposed to raise an initial amount of Rs 3,000 crore with a greenshoe option of Rs 11,000 crore. Two new series will mature in April 2025 and April 2031.

The Bharat Bond ETF program is a government initiative and Edelweiss oversees the design and management of the AMC product. Radhika Gupta, CEO of Edelweiss Mutual Fund said that it will give investors more options to meet their investment needs at different times.

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