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  • MF News Government invites bid from AMCs to manage debt ETF

    Government invites bid from AMCs to manage debt ETF

    DIPAM has extended the date of submitting requests to manage debt ETFs from December 17 to December 24, 2018.
    Team Cafemutual Dec 18, 2018

    After the success of Further Fund Offers (FFOs) of CPSE ETF and Bharat 22 ETF, the department of Investment and Public Asset Management (DIPAM) has come out with a request for proposal (RFP) to launch its first debt ETF.

    Fund houses are expected to submit their requests to DIPAM by December 24, 2018.

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

    Fund houses having 5 years of experience in fund management and managing quarterly AUM of at least Rs.15,000 can apply to manage to debt ETFs.

    Ministry of Finance will consider two parameters, quantitative and qualitative for the selection of the fund house. While quantitative parameter evaluates the fund houses on the basis of management fee,

    the qualitative parameter gauges ability and experience of fund houses to manage debt assets and ETFs.

     

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    1 Comment
    Paresh shah · 5 years ago `
    We need expertise to manage debt why bidding the govt shld go for qualitative management rather than quantitative
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