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