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Second tranche of Bharat Bond ETF receives bids worth Rs 10,000 cr

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.

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The ETF is being managed by Edelweiss Asset Management Company (AMC). The two new ETF series have maturities of April 2025 and April 2031.

Jash Kriplani Mumbai

3 min read Last Updated : Jul 17 2020 | 9:22 PM IST

The second tranche of Bharat Bond Exchange Traded Fund (ETF) received bids estimated at Rs 10,000 crore, against base issue size of Rs 3,000 crore. The issue was open for subscription between July 14 and July 17.

“The second series of Bharat Bond ETF received an outstanding response… estimated collection around Rs 10,000 crore with wide participation across categories. Final numbers are still being tallied and will be released by Monday,” secretary for Department of Investment and Public Asset Management (Dipam) tweeted on Friday.

The second series of ETFs were launched with a green-shoe option of an additional Rs 11,000

Topics : ETF exchange traded funds Dipam Edelweiss

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