SUBSCRIBE NEWSLETTER
Edelweiss Insights Edelweiss MF to manage government’s debt ETF

Edelweiss MF to manage government’s debt ETF

Debt ETF would comprise bonds, g sec, credit notes and debentures as underlying securities issued by Central Public Sector Enterprise (CPSEs), Public Sector Banks (PSBs) and Public Sector Undertakings (PSUs).
Team Cafemutual Jan 29, 2019

The government has appointed Edelweiss Mutual Fund as the asset manager for the proposed debt ETF catering to the borrowing needs of CPSEs and other public sector entities.

Debt ETF would comprise bonds, g sec, credit notes and debentures as underlying securities issued by CPSEs, PSBs and PSUs.

Last month, the Department of Investment and Public Asset Management (DIPAM) had invited proposals for creating, managing and launching the debt exchange-traded fund.

In a press release, Radhika Gupta, CEO, Edelweiss Asset Management said, “We are very excited about this opportunity to launch India’s maiden debt ETF focused on CPSEs and PSUs. Our endeavour is to launch an innovative product that will help retail and institutional investors increase their participation in the bond market, particularly retail investors whose participation is relatively small in debt mutual funds.  Our focus will be to bring to market a product that is easy to understand, has the liquidity of ETFs and is tax efficient.”

Click to clap
0 Comment
Be the first to comment.
Wish to stay on top of your game? Get daily tips, ideas and articles to grow your business.
Subscribe to Cafemutual Newsletter.