Bharat Bond
Bharat Bond https://www.fundstiger.com/bharat-bond/ On 4 December, the government of India unveiled the Bharat Bond Exchange Traded Fund (ETF). It is a fund that will invest in central public sector enterprises, tracking the Nifty Bharat Bond Index. The ETF will have two target maturities of three years and 10 years each. You can buy units for as little as ₹1,000 and it is slated to have an expense ratio as low as 0.0005%. Being an ETF, after the NFO (new fund offer), its units can be purchased and sold on a stock exchange. The units will be held in your demat account. Bharat Bond ETF, which will invest in debt securities of government companies, will hit the markets this week. Markets regulator SEBI nod for the new fund offer (NFO) of Bharat Bond ETF has been obtained and it will launch on December 12. Investors will be able to invest in the offer till December 20. Media reports said that as many as 12 central government companies may borrow via the ETF. They include...