Bharat Bond ETF runs into teething trouble3 min read 07 Jan 2020, 09:16 AM IST
The ETF is mandated to invest in PSU debt through its two variants – the 3 year and a 10 year ETF
In the 10 year Bharat Bond ETF, just 14.50% of assets have been deployed in PSU bonds
The Government’s flagship debt product, Bharat Bond ETF managed by Edelweiss Asset Management Company has come under fire on social media for its delay in money deployment. The ETF is mandated to invest in PSU debt through its two variants – the 3 year and a 10 year ETF. However more than 2 weeks after the closure of the New Fund Offer (NFO) on 20th December, Edelweiss AMC is yet to deploy much of the money in the targeted PSU bonds, forcing it to stay with short term low yield instruments.