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A new tranche of Bharat Bond ETF is coming Bharat Bond ETF is an open ended Target Maturity Exchange Traded Bond Fund that aims to track investor returns generated by Nifty Bharat Bond Index. Synopsis The outstanding market size, or assets under management, has jumped over 30 percent to about Rs 31,000 crore in the past few quarters suggesting that investors seeking higher tax adjusted returns to bank deposits bought units from the secondary market, market sources told ET. MUMBAI: The government is planning to raise up to Rs 15,000 crore through the Bharat Bond ETF for some state-owned units. This is for the third time that New Delhi would be tapping retail money to fund state-owned entities that play a key role in the country’s growth. ....
Centre permits EPFO, provident fund trusts to invest in Bharat Bond ETFs Prior to this, the government had launched four tranches of Bharat Bond ETFs two in December 2019 and two in mid-2020. Representative Image The Union government on January 4, 2020, issued a notification allowing the EPFO and exempted provident fund (PF) trusts to invest money in units of public sector debt ETFs such as the Bharat Bond ETFs. Prior to this, the government had launched four tranches of Bharat Bond ETFs two in December 2019 and two in mid-2020. For the government, Edelweiss Asset Management manages the ETFs. These ETFs are allowed to invest in AAA PSU debt. Apart from this, the set expiry dates of these ETFs are 2023, 2025, 2030, and 2031 which have a collective size of around Rs 30,000 crore. ....
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Here’s breaking down the pre-market actions: STATE OF THE MARKETS Nifty futures on the Singapore Exchange traded 57.5 points, or 0.42 per cent, higher at 13,591.50, in signs that Dalal Street was headed for a positive start on Monday. Tech View: Nifty sees loss of momentum Nifty50 on Friday topped 13,500 level and formed an indecisive Doji candle on the daily chart for the second straight day. On the weekly scale, the index formed a bullish candle and continued with its higher high higher low formation for yet another week. A back-to-back Doji’s can be an indication of weakening momentum in the ongoing strong up move. ....
Synopsis The first tranche of Bharat Bond ETF raised Rs 12,400 crore in December last year with maturity options of three and 10 years. File photo for representation purpose only New Delhi: The government is working towards launching the third tranche of Bharat Bond exchange traded fund (ETF), said a senior official. The Bharat Bond ETF invests in debt of central public sector enterprises and has seen high interest from investors in the past two tranches. “We are working towards getting the third tranche,” said the official, who did not wish to be identified. He said the government was in the process of identifying the right time and the CPSEs that would be involved. CPSEs have plans to raise about Rs 12,000 crore. ....