Edelweiss PSU debt ETF to use a target maturity structure

Updates

The cabinet has approved the launch of the Bharat Bond ETF
Unit size: Rs 1000 for the ETF. NAV of the FOF will be Rs. 10 during the NFO period but Edelweiss has yet announce the minimums.
Expense ratio: 0.0005 percent

NFO Date: 12th December to 20th December


The NFO of the Bharat Bond ETF (PSU Debt ETF) is set to open in December, probably 2 to 3 week. I am hearing December 19th as the NFO close date. Will keep the post updated. So, I was assuming that the AMC would launch multiple series for each year, but that’s not the case. There will be 2 series – 2023 and 2030. Essentially 2 ETFs, that will expire in the year 2023 and 2030. 3 years because of the indexation benefit. But still this is a really cool structure because of the defined maturity, you clearly know what the duration risk is.

Last year, in the budget, the govt had announced that along with CPSE and Bharat 22 ETFs, it wanted to raise money through a debt ETF. Post the bidding, Edelweiss Asset Management won the mandate to launch the debt ETF. We finally have details on how the ETF will be structured, and it’s quite interesting!

Clickity click, click!

DHFL Pramerica MF investor communication on DHFL exposure

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Dear investors, wake up and smell the bullshit. Mutual funds sahi nahi he!

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