Question
Which of the following funds is an Initiative by
Government of India to cater to the borrowing requirements of Public Sector by pooling investments from retail.Solution
BHARAT Bond ETF is an Initiative by Government of India to cater to the borrowing requirements of Pubic Sector by pooling investments from retail, HNI and institutional investors. Edelweiss Asset Management has been given the mandate to manage this BHARAT Bond ETF program. BHARAT Bond Exchange Traded Fund is a low-cost basket of CPSE bonds that follows an index and trades on the stock exchange. The ETF would follow the underlying index which will comprise bonds issued by CPSEs, CPSUs/CPFIs and other Government organizations. ETF and indices will have a specific maturity date. For instance, BHARAT Bond ETF - April 2025 and the underlying index both will mature in April 2025.
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