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Aditya Birla Sun Life Mutual Fund has launched Aditya Birla Sun Life CRISIL Broad Based Gilt ETF, an open-ended debt ETF that will track the performance of CRISIL Broad Based Gilt Index.
The fund house believes that the fund offers right opportunity to invest in this fund considering the listing of Indian G Sec in the global market index.
Kaustubh Gupta, Co-Head Fixed Income, Aditya Birla Sun Life MF said, “Investors who want sovereign exposure without a defined investment horizon are often faced with the difficulty of choosing the right investment vehicle which combines both ease of investment and provides holistic fixed income exposure across the yield curve. This ETF will offer investors a low-cost exchange-traded sovereign fixed income investment vehicle which will invest in the most liquid on-the-run government securities across the yield curve thereby offering sovereign exposure in the most actively traded bonds in the country. Given, the current macroeconomic backdrop on rates and demand-supply for Indian Government Bonds (IGBs), we believe that it also presents an opportunity for investors to cash-in on capital gains if yields fall from here.
