New debt ETF proposed in Budget 2020; should you invest?

The Finance Minister proposed to deepen the bond market in budget 2020 speech. Nirmala Sitharaman in her speech today announced to float a new debt ETF comprising primarily of government securities. She said the first bond ETF launched recently was a great success.

“Debt-based exchange traded fund (ETF) recently put out by the government was a big success. Government proposes to extend this by floating a new debt ETF consisting primarily of government securities. This will give retail investor access to government security as much as giving an attractive investment for pension funds and long-term investors,” the Finance Minister said in her budget speech.

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