Bharat Bond ETF April 2032: How much you will get after investing Rs 1,00,000? Interest rate, maturity amount, tenure and more-All you need to know
Bharat Bond ETF April 2032 will remain open from December 3 to December 9, 2021.
Bharat Bond ETF April 2032 will remain open from December 3 to December 9, 2021. This is a 10-year product that will mature in April 2032. The bond offers a Gross yield of 6.87% and a tentative net of tax yield at around 6.4%.
Bharat Bond ETF is an Exchange Traded Fund listed on the NSE, which invests your money in public sector bonds. The fund has a defined maturity date wherein you will receive your investment amount with returns. You can buy or sell units on exchange (NSE) anytime during the tenure of the fund.
As per ICICI Direct, the government plans to raise around Rs 10,000 crore through this ETF. In its first tranche, it raised around Rs 12400 crore. In the second tranche in July 2020, it was subscribed more than three times, collecting about Rs 11,000 crore.
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