Bharat Bond ETF – April 2032 Series III successfully raised over 6,350 crore


Edelweiss Asset Management Limited (EAML) today announced that its Bharat Bond – April 2032 Series III NFO ETF has met with resounding success and has received claims amounting to over ??6 350 Cr. The initial size of the NFO issue with a base issue size of ??1,000 crore with an open green shoe option was oversubscribed more than 6.3 times.

Edelweiss Mutual Fund leads this passive debt category with more than 80% market share and the total assets under management of this space reached approximately ??55,000 crores, AMC said.

Tuhin Kanta Pandey, DIPAM Secretary, Ministry of Finance, said: “The overwhelming response and oversubscription of the Edelweiss MF – Bharat Bond ETF – April 2032 Series III issue shows that the product is well accepted and that investor demand for CPSE is sufficient. Obligations. We are happy to see that the total body of BHARAT Bond ETFs is now crossing ??43,500 crores. “

Radhika Gupta, MD & CEO, Edelweiss Mutual Fund said: “We are delighted to see the overwhelming response that Edelweiss MF – Bharat Bond ETF – April 2032 Series III (with a deadline of April 2032) has received with collections crossing ??6 350 Cr. The issue was oversubscribed more than 6.3 times the size of the core issue of ??1000 Cr. The total AUM for this category reached approximately ??55,000 Cr and Edelweiss AMC is a leader in this field with more than 80% of the market. This gives us confidence to continue launching target maturity passive debt funds in the coming time with various maturities on the yield curve. “

The Edelweiss MF – Bharat Bond ETF is an exchange-traded fund that invests in the debt of public sector companies. The ETF currently only invests in “AAA” rated bonds of public sector companies.

The ETF will track the Nifty Bharat Bond Index in April 2032. The BHARAT Bond Fund of Funds (FOF) with a similar maturity has also been launched for investors who do not have demat accounts.

The Edelweiss Mutual Fund Bharat Bond ETF program will continue to grow and provide a safe and secure investment route for investors across maturities and provide a simple and alternative method for CPSEs to raise funds, AMC said.

This new series Bharat Bond ETF and Bharat Bond Fund of Fund (FOF) will mature on April 15, 2032. There are now 5 Bharat Bond ETFs maturing on the yield curve – 2023, 2025, 2030, 2031 and 2032 .

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