Edelweiss MF has launched Bharat Bond ETF, which is the country’s first corporate bond ETF. The fund house aims to reach a large number of retail investors who can invest with an amount as low as Rs. 1000.
The NFO of the ETF opens on December 12 and closes on December 20. The fund house aims to raise Rs.3000 crore in Bharat Bond ETFs having 3-year maturity and Rs.4000 crore from such bonds having 10-year maturity.
In a press conference, the fund house claims that the bond ETF provides safety because it consists of a high-quality basket of PSUs and liquidity. In fact, the fund house has received AAA rating on this product from CRISIL.
Radhika Gupta, CEO, Edelweiss Mutual Fund said, ‘’ The ETF combines the benefits of three products – it is diversified like a mutual fund, trades on the exchanges like a stock and matures like a bond.”
