Second Tranche of Bharat Bond ETF

Question : Edelweiss AMC has recently (July,2020) launched the second series of Bharat Bond ETF that seeks to raise upto —
(A) Rs 14,000 crore
(B) Rs 90,000 crore
(C) Rs 80,000 crore
(D) Rs 70,000 crore
Answer (A)
Related facts

  • Edelweiss AMC has recently (July,2020) launched the second series of Bharat Bond ETF that seeks to raise upto Rs 14,000 crore.

The first tranche of Bharat Bond

  • The first tranche of Bharat Bond ETF raised over Rs 12,400 crore from a diverse set of investors in December 2019.
  • Bharat Bond ETF, designed and managed by Edelweiss AMC, is an exchange-traded fund and will have a defined maturity tenure and will invest in AAA-rated bonds of public sector companies.

exchange-traded fund

  • An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.
  • ETFs had their genesis in 1989 with Index Participation Shares, an S&P 500 proxy that traded on the American Stock Exchange and the Philadelphia Stock Exchange.

By — Pankaj Pandey

Link:
https://economictimes.indiatimes.com/markets/bonds/edelweiss-amc-launches-second-tranche-of-bharat-bond-etf/articleshow/76766537.cms#:~:text=NEW%20DELHI%3A%20Edelweiss%20AMC%20on,and%20close%20on%20July%2017.