How to invest in Bharat bond Exchange Traded Fund?
The second tranche of Bharat Bond ETF has opened for subscription from July 14 to 17. Here's how you can invest in Bharat Bond Funds.
India’s first bond-exchange trading fund Bharat Bond ETF opened its second tranche for subscription from July 14 to 17. Bharat Bond ETF is India’s first corporate debt ETF by the Department of Investment and Public Asset Management (DIPAM) and designed and managed by Edelweiss AMC.
It will be opened in two variants: a 10-year ETF that will mature in April 2031 (Bharat Bond ETF April 2031) and a five-year product that will mature in April 2025 (Bharat Bond ETF April 2025). The funds raised will be used for expansion plans of AAA-rated Central Public Sector Enterprises (CPSEs) such as Power Finance Corporation, REC, Power Grid Corporation and National Housing Bank, among others.
Investors can buy or sell units of this fund on the exchange (NSE) anytime during the tenure of the fund.
How to invest in Bharat Bond ETF?
The units of the first tranche will also continue to be available for trading on NSE. Individuals who have demat account can invest in Bharat Bond ETF.
Those who do not have demat account can apply in Bharat Bond fund of fund having similar maturity as the underlying ETF.
Investors can get the form for the NFO at www.BharatBond.in and submit it to any of the branches of Edelweiss.
For online investments, net banking and UPI payment are two preferred modes. For Offline, investors can submit cheque along with the application form. There is also the NEFT/RTGS option for which investors will find the bank account details in the application form.
The fund manager will be Dhawal Dalal and it will be co-managed by Gautam Kaul.