News From Press Bharat Bond ETF's second tranche oversubscribed more than three time

Bharat Bond ETF's second tranche oversubscribed more than three time

Source: The Economic Times Jul 18, 2020

The second series of India's first ever corporate bond exchange traded fund, the Bharat Bond Exchange Traded Fund (ETF) received an outstanding response, oversubscribed more than three times, top officials said.

"The estimated collection around Rs. 10,000 crores with wide participation across categories... Final numbers are still being tallied and will be released by Monday," TK Pandey, secretary of department of investment and public asset management (DIPAM) said in a statement on Fri ..

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