The funds raised through the debt ETF helps in smoothening borrowing plans of the participating CPSEs or public sector banks
With interest rates expected to rise, staggered investments in target maturity funds will be advisable, say experts
Move follows RBI alarm bells on crypto; The fund was to invest in Invesco CoinShares Global Blockchain UCITS ETF, an ETF listed globally
Bharat Bond ETF is an exchange traded fund that invests in debt of public sector companies. The ETF currently invests only in 'AAA'-rated bonds of public sector companies.
Meanwhile, the price of Bitcoin has been rising in anticipation
If the U.S. Securities and Exchange Commission (SEC) does not object, the ProShares Bitcoin Strategy ETF completes a 75-day period since the fund manager filed plans and could begin trading on Tuesday
Shares of Zee Entertainment Enterprises fell 3.7 per cent and that of Bharti Infratel ended flat. The two companies will be removed from the bluechip index
The second series of ETFs were launched with a green-shoe option of an additional Rs 11,000 crore over and above the base issue size.
Green shoe option of Rs 11,000 cr; NFO starts July 14 and ends July 17
The ETF currently invests only in 'AAA' rated bonds of public sector companies
In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore
This was the fourth straight week of outflows and also the biggest weekly outflow in more than a year
According to foreign fund managers, receding worries regarding a major global outbreak of Coronavirus led to improved sentiment.
Instead of just focusing on earning brokerage selling ETFs, broking houses are also considering packaging multiple ETFs as part of a more customised advisory service offering multiple asset exposure
Experts say companies added into index could attract large investor flows
SGBs are not very liquid. Buy only if you believe gold prices will remain strong and if you can hold till maturity; if you're a short-term investor, ETFs work better
Both three-year and ten-year series received bids in excess of the base issue size
Sources said the offer saw strong response from retail investors, HNIs and NRIs
Fund could later look at instruments rated below the top-grade, if there is demand
This ETF is an initiative of the department of investment and public asset management and the latter has given the mandate to Edelweiss AMC to design and manage the product