bharat bond etf: Bharat Bond ETF-April 2032 series III increases Rs 6,350 cr


NEW DELHI: As risks in the equity market have increased, investors are looking for other ways to protect their money. The Bharat Bond ETF-April 2032 NFO Series III has attracted massive investor interest, receiving claims amounting to over Rs 6,350 crore.

The issue, which invests primarily in debt securities of some of the most financially sound PSUs, has a base size of Rs 1,000 crore with an open green shoe option.

“The massive response and oversubscription of the Bharat Bond ETF – April 2032 Series III issue shows that the product is well accepted and that there is sufficient investor demand for CPSE bonds,” said Tuhin Kanta Pandey, DIPAM Secretary , Ministry of Finance.

With this round of investment, the total body of Bharat Bond ETFs has now exceeded Rs 43,500 crore, said DIPAM, which oversees all matters relating to the management of government investments.

Edelweiss Mutual Fund, which managed the show, said the total assets under management in this category reached around Rs 55,000 crore and that it was a leader in this space with over 80% market share.

“This gives us the confidence to continue launching target maturity passive debt funds in the coming times with various maturities across the yield curve,” said Radhika Gupta, MD and CEO, Edelweiss Mutual Fund .

Bharat Bond ETF is an exchange traded fund which currently only invests in AAA rated bonds of public sector companies. The ETF will track the Nifty Bharat Bond Index in April 2032. Five Bharat Bond ETFs mature across the entire yield curve: 2023, 2025, 2030, 2031 and 2032.


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