CURRENT AFFAIRS

Detailed explanation-1: -Notes: Edelweiss Asset Management Company (AMC), a subsidiary of Edelweiss Capital Limited (ECL) has launched India’s 1st Corporate Bond ETF (exchange trade fund) called the Bharat Bond ETF. The ETF is a government initiative and Edelweiss AMC was given the mandate to design and manage the product.

Detailed explanation-2: -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-3: -BHARAT Bond ETF - April 2031 - Growth Fund Details Investment Objective - The scheme seeks to replicate Nifty BHARAT Bond Index - April 2031 by investing in bonds of CPSEs/CPSUs/CPFIs and other Government organizations, subject to tracking errors.

Detailed explanation-4: -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-5: -The scheme seeks to replicate Nifty BHARAT Bond Index - April 2030 by investing in bonds of CPSEs/CPSUs/CPFIs and other Government organizations, subject to tracking errors.