Budget 2018: More divestment through ETFs and a debt ETF2 min read 02 Feb 2018, 06:52 AM IST
Finance minister Arun Jaitley has said that the government will launch more debt ETFs though there is no clarity on what it would look like
Finance Minister Arun Jaitley expressed satisfaction at the response the Bharat 22 exchange-traded fund (ETF) got from the public in November 2017. He said that more ETFs will be launched as well as a debt ETF too. Although he didn’t clarify what a debt ETF would look like, a debt ETF commissioned by the Department of Investment and Public Asset Management (formerly, the Department of Disinvestment)—the department under the Ministry of Finance that Jaitley said in his speech would commission such an ETF—would most likely solicit money from the public to fund the government’s various social sector schemes.