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Bharat Bond ETF List On Bourses; Trades At Rs. 1001 On NSE

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Bharat Bond ETF that probably had been a different investment avenue for retail mutual fund investors as the investment option would invest in AAA rated bonds issued by public sector units would debut on bourses today. As against the offer price of Rs. 1000, both the units of the ETF were trading higher by Rs. 1 at Rs. 1001 on NSE.

The ETF issued by Edelweiss Asset Management was open for subscription from December 12 until December 20, 2019.

Bharat Bond ETF List On Bourses; Trades At Rs. 1001 On NSE
 

The issue was oversubscribed 1.7 times and mopped up a total of Rs 12,000 crore, though the base size for the first ever corporate bond ETF was fixed at Rs. 7000 crore.

The ETF will track the Nifty Bharat Bond Index and comes with 2 fixed maturity terms of 3 and 10 years.

Also, Bharat Bond FoF was rolled out for investing community who do not maintain a demat account.

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