Bharat Bond ETF's second tranche coming in July; aims to garner up to Rs 14,000 cr
Edelweiss Asset Management on Friday said it will launch the second tranche of Bharat Bond ETF in July, with two new series, to raise up to Rs 14,000 crore. This comes after the successful launch of the initial series of the ETF in December 2019.
Through the launch of the two new ETF series, Edelweiss Mutual Fund proposes to raise an initial amount of Rs 3,000 crore with a green shoe option of Rs 11,000 crore based on market demand, the fund house said in a statement.
"In the current environment, investors need safe, liquid, and tax efficient options for their debt investments, and Bharat Bond ETF meets this need effectively. We are happy that investors in the first series of Bharat Bond ETF have had a good experience and the AUM of these series has also increased organically after the launch, she added. (Photo: Reuters)