Edelweiss Mutual Fund launches 4th tranche of ‘Bharat Bond ETF’

This latest tranche of the ETF and Bharat Bond Fund of Fund (FOF) series will mature in April 2033. The New Fund Offer (NFO) will open on December 2 and end on December 8. Edelweiss Mutual Fund proposes to raise initial funds through the launch of this new series 1,000 crore with the option of another green shoe 4,000 crores.

So far, five maturities of Bharat Bond ETF – 2023, 2025, 2030, 2031, and 2032 have been launched.

The first offering of Bharat Bond ETF was launched in 2019.

Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), Ministry of Finance said, “The Bharat Bond ETF program has received an encouraging response from all categories of investors since its launch. Bharat Bond has created a unique opportunity for all Indian investors to invest in PSU Bonds and fuel India’s growth story. crossing a milestone 50,000 crores. The AUM is a testimony to the fact that Bharat Bond has emerged as a reliable investment avenue for many Indian investors with better tax efficiency.”

The target maturity fund category is growing at an exciting pace after the launch of Bharat Bond ETF by Edelweiss MF. Investment in long term debt has been brought to the fore by these funds. Bharat Bond ETF now has six maturities – from 2023 to 2033, which will allow investors to choose the right maturity as per their investment goals. Radhika Gupta, Managing Director and CEO, Edelweiss Mutual Fund, said, “We are very proud to launch Bharat Bond ETF in collaboration with the Government of India, which has paved the way for a whole new mutual fund category and transformed India’s investment landscape .