The government is considering changes to the capital gains tax regime for debt mutual funds to provide relief for the Bharat Bond Exchange Traded Fund, amid concerns over the current taxation structure.
The Bharat Bond Exchange Traded Fund (ETF) comprises bonds of CPSEs, CPSUs, Central Public Financial Institutions (CPFIs) and other government organisations. These institutions have issued bonds and raised debt of Rs 33,400 crore since 2019, using the ETF platform.
The Indian government is seeking a consultant to advise on managing the Bharat Bond Exchange Traded Fund (ETF), which has seen its assets under management (AUM) cross INR 50,000 crore (about $6.7 billion) since its launch in 2019. The DIPAM issued a request for proposals, stating that the appointed advisor would analyze, assist, and advise on the potential monetization of debt from select CPSEs
Govt scouts for advisor to manage Bharat Bond ETF's AUM worth Rs 50,000 cr devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.