Drawer approves launch of Bharat Bond ETF to pump money into general public sector

After swap traded fund for equities, the Union Cabinet on Wednesday accepted launch of any exchange exchanged fund for ties.

The fund will give you extra funds for condition-owned or operated firms as well as other authorities firms, Financing Minister Nirmala Sitharaman mentioned.

Bharat Connection Swap Traded Fund would be the first business bond ETF in the country.

ETF will be basket of ties issued by status businesses or any government company, and ties is going to be tradable on swap, she mentioned including the device size will be of Rs 1,000, allowing small investors to spend.

Each ETF to have set maturation day and can track root list on risk replication schedule, she mentioned adding that for the time being it can have two maturity range — 3 and a decade.

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