CURRENT AFFAIRS

Detailed explanation-1: -Investors in this category can invest with the minimum investment amount of R 1,000 and in multiples of R 1000 thereafter, subject to maximum investment amount of R 2,00,000 (Rupees Two Lakhs Only).

Detailed explanation-2: -A Bharat Bond ETF will only invest in debt instruments of AAA rated public sector companies, and hence, has a low risk profile. The expense ratio for Bharat Bond ETF is 0.0005 per cent, and retail investors can buy these Bharat Bond ETFs for a minimum amount of Rs 1,000.

Detailed explanation-3: -Bharat Bond ETF is an open ended Target Maturity Exchange Traded Bond Fund that seeks to track the returns provided by Nifty BHARAT Bond Index. A target maturity fund has a maturity date just like Fixed maturity plan. In these ETF’s the underlying securities are held until the maturity of the Scheme.

Detailed explanation-4: -A central government initiative, Bharat Bond ETF invests only in ‘AAA’-rated bonds of public sector companies. Edelweiss Asset Management is the fund manager of the scheme.