Exchange Traded Fund Current Affairs - 2020

Second Tranche of India’s First Corporate Bond ETF will be offered from 14th July

The Second Tranche of India’s first Corporate Bond Exchange-Traded Fund (ETF)- Bharat Bond ETF will be open for subscription from 14th July to 17th July 2020. Two new ETF series with maturities April 2025 and April 2031 will be offered under the new fund offer. The base price will be Rs 3,000 crore with oversubscription Read More…

World Gold Council report: RBI ranks 6th in buying gold abroad

The World Gold Council (WGC) recently released its report, “World Gold Outlook 2020”. The report says that gold has performed the best since 2010 in 2019. In 2019, the gold trade in USD has increased by 18.4% as compared to 2010. Highlights: India According to the WGC, RBI (Reserve Bank of India) currently holds 625.2 Read More…

Cabinet approves Bharat Bond Exchange Traded Fund

On December 4, 2019, the Cabinet approved the launch of Bharat Bond Exchange Traded Fund (BBETF) in order to allow the investors to buy government debts. The fund will allow easy and low-cost access with the smallest amount of Rs 1000. Highlights The BBETF at its initial stages will hold basket of bonds that are Read More…

Government to launch first fixed income ETF of bluechip PSUs

Union Government will launch India’s first fixed income Exchange Traded Fund (ETF) comprising debt securities of large central public sector enterprises (PSUs) by mid-December 2019. It will comprise only AAA-rated papers of the PSU companies. It is expected to have a size of Rs 15,000 crore to Rs 20,000 crore. It is expected to improve Read More…

Bharat-22 ETF follow-on offer may be worth Rs. 10,000 crore

The Union Finance Ministry may come out with Rs. 10,000 crore follow-on fund offer of Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India Limited (CIL) to meet the minimum public holding norm. Besides, it is also keen to takeETF route to sell off government shares held through  Specified Undertaking Read More…