Publish Date:
Edelweiss Mutual Fund has launched an open ended Target Maturity Exchange Traded Bond Fund predominately investing in constituents of Nifty BHARAT Bond Index - April 2030. The scheme is known as Bharat Bond ETF – April 2030.
The investment objective of the scheme is to replicate Nifty BHARAT Bond Index – April 2030 by investing in bonds of CPSEs/CPSUs/CPFIs and other Government organizations, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
The Scheme will mature on April 15, 2030. If such a Maturity Date is a non-Business Day, the subsequent Business Day shall be considered as the Maturity Date for the Scheme. It may be noted that the Scheme will be suspended for trading on exchange closer to its Maturity Date not more than 10 business day before the Maturity Date. A notice is this regard shall be issued to the investors.
The performance of the fund will be benchmarked against Nifty BHARAT Bond Index - April 2030.
The fund will be managed by Mr. Dhawal Dalal and Mr. Gautam Kaul.
The NFO opens for subscription on December 12, 2019 and closes on December 20, 2019.
The New Fund Offer is priced at Rs 1,000 per unit and the minimum application amount for initial purchase is Rs 1,000 and in multiples of Rs 1,000 thereafter.