This year, the issue size may be smaller as there is less incentive for investors since the LTCG indexation benefit for debt investments has been scrapped.
‘My team’s mantra has been ‘chappal ghiso’ (wear out your shoes). We have no choice but to work a little harder … We have to be more available, we have to be more innovative’
In December last year, the government had launched the third tranche with a base issue size of Rs 1,000 crore. It was over-subscribed 6.2 times with bids worth Rs 6,200 crore coming in. The maiden offering of Bharat Bond ETF was launched in 2019, helping central public sector enterprises raise Rs 12,400 crore.
BHARAT Bond ETF: Edelweiss Mutual Fund said that the new Bharat Bond ETF and Bharat Bond Fund of Fund (FOF) series will mature in April 2033, and offer a yield-to-maturity of 7.50 per cent. The funds track the returns of the Nifty BHARAT Bond Index.