In the context of the Bharat Bond ETF, what does the

Solution

• An Exchange Traded Fund (ETF) is a type of mutual fund that trades on the stock exchange, just like shares. • Unlike traditional mutual funds (which are bought/sold through the Asset Management Company), ETFs can be bought and sold in real-time on exchanges. • The Bharat Bond ETF is India’s first corporate bond ETF, launched with the objective of providing retail investors easy access to public sector bonds. • It is unique in that it has a defined maturity period and invests only in AAA-rated bonds of government-owned companies. Hence, in Bharat Bond ETF, ETF stands for Exchange Traded Fund.