Check for traded volume. Also, check for duration of bonds it holds and if that suits your investment needs. I guess it holds medium tenure like 5-10 years duration.

Challenge with ETF is volumes and in extreme volatile situations there may not be retail buyer on other side of trade. Remember buying close ended Morgan Stanley Growth Fund (it was listed) at 30% discount during 2008 crash. With normal mutual funds you are assured to get redemption at NAV.

I am emphasizing this point because whole purpose of buying bonds is safety and lack of trade can jeopardize that safety. So I am not a big fan of bonds ETF unless market/liquidity becomes large enough so that I am always assured NAV.

Update for entry on 11th March 2024

Based on ranking:

1. ANANDRATHI
2. GET&D
3. ELECTCAST
4. SCHNEIDER
5. INOXWIND
6. PAISALO
7. ACE
8. ANANTRAJ
9. HBLPOWER
10. NEULANDLAB
11. JKTYRE
12. NEWGEN
13. STAR
14. CHENNPETRO
15. MSTCLTD
16. ETHOSLTD
17. DBREALTY
18. IFCI
19. CHOICEIN
20. WOCKPHARMA
21. RAILTEL
22. MAHSEAMLES
23. ARVIND
24. VOLTAMP
25. KIRLOSENG

Based on A → Z for easy tracking:

• ACE
• ANANDRATHI
• ANANTRAJ
• ARVIND
• CHENNPETRO
• CHOICEIN
• DBREALTY
• ELECTCAST
• ETHOSLTD*
• GET&D
• HBLPOWER
• IFCI
• INOXWIND
• JKTYRE
• KIRLOSENG
• MAHSEAMLES
• MSTCLTD
• NEULANDLAB
• NEWGEN
• PAISALO
• RAILTEL
• SCHNEIDER
• STAR
• VOLTAMP*
• WOCKPHARMA*

Entry:
ETHOSLTD and WOCKPHARMA make an entry.
VOLTAMP cannot enter as there is no vacancy.

Exit:
JPPOWER and TITAGARH exit.
HSCL stays within the top 30 and hence remains.

Please note that in two weeks time I expect that over half of the pf will change as the index has been rejigged. Several of the top performers will move to the next higher Index; hence, we will have to exit them here.

Orders have certainly picked up both road and rail.

As per the managment interview they are targeting 1000 crore revenue in next 3 years.