Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » India
1-min read

Union Cabinet Approves Exchange Traded Fund for Bonds

Nirmala Sitharaman said that the fund will provide additional money for state-owned firms and other government organisations. Bharat Bond Exchange Traded Fund would be the first corporate bond ETF in the country.

PTI

Updated:December 4, 2019, 2:27 PM IST
facebookTwitter Pocket whatsapp
Union Cabinet Approves Exchange Traded Fund for Bonds
File photo of Finance Minister Nirmala Sitharaman.

New Delhi: After exchange traded fund for equities, the Union Cabinet on Wednesday approved launch of a exchange traded fund for bonds.

The fund will provide additional money for state-owned firms and other government organisations, Finance Minister Nirmala Sitharaman said. Bharat Bond Exchange Traded Fund would be the first corporate bond ETF in the country.

ETF will be basket of bonds issued by state firms or any government organisation, and bonds will be tradable on exchange, she said adding that the unit size will be of Rs 1,000, allowing small investors to invest.

Each ETF to have fixed maturity date and will track underlying index on risk replication basis, she said adding that for now it will have two maturity series -- 3 and 10 years.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results