Bharat Bond Exchange Traded Funds, a central government initiative, have crossed the Rs 50,000 crore asset under management mark in just two-and-a-half years, Edelweiss Mutual Fund said on Wednesday.
The fund house manages Bharat Bond Exchange Traded Funds (ETFs).
The overall passive debt category has crossed Rs 1.15 lakh crore mark at the industry level this growth was kickstarted by the launch of the first tranche of the Bharat Bond ETF in December 2019, according to a statement.
So far, five tranches of Bharat Bond ETFs have been launched. There are 5 different maturities offered by the fund ETFs — 2023, 2025, 2030, 2031, and 2032 — which can help investors to choose the right maturity according to their needs.
“The success of Bharat Bond ETFs is a testament to the financial strength of PSUs and the trust that they inspire in investors. We are happy that our maiden debt ETF has achieved phenomenal success,” Tuhin Kanta Pandey, Secretary DIPAM, Ministry of Finance, said.
The
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