CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the minimum unit size of Bharat Bond ETF issued by Edelweiss Asset Management Company?
A
Rs. 2000
B
Rs. 1000
C
Rs. 5000
D
Rs. 10000
Explanation: 

Detailed explanation-1: -Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 500.

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: -What’s the minimum investment? Because they trade like stocks, ETFs do not require a minimum initial investment and are purchased as whole shares. You can buy an ETF for the price of just one share, usually referred to as the ETF’s “market price."

Detailed explanation-4: -BHARAT Bond ETF - April 2023 Low. An investment option enabling you to invest in the bonds of Public Sector Companies through one investment. ₹1 unit & multiple thereafter (on Stock Exchange) Since Inception.

Detailed explanation-5: -The minimum mutual fund investment value in most of the schemes ranges between ₹500 to ₹5,000. However, in a bid to attract investors who are looking to invest lower amounts, some domestic mutual funds even allow a minimum investment of ₹100 or even to start with ₹10 like a Navi Mutual Fund.

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