CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Government is to launch which tranche of Bharat Bond ETF (exchange-traded fund) from December 02, 2022?
A
3rd
B
4th
C
5th
D
7th
Explanation: 

Detailed explanation-1: -The fourth tranche of the BHARAT Bond ETF will open on December 2, 2022, and close for subscription on December 8, 2022. Edelweiss Mutual Fund is all set to launch the fourth tranche of the BHARAT Bond ETF. The BHARAT Bond ETF, India’s first corporate bond exchange-traded fund (ETF), is a central government initiative.

Detailed explanation-2: -The latest Bharat Bond ETF is maturing in April 2033, and subscriptions in this new ETF will be allowed till December 8, 2022.

Detailed explanation-3: -So, if one is investing in a Bharat Bond ETF, then he/she needs to stay invested for the entirety of the tenure (10 years+) until it matures, and returns the money along with yearly interest.

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.

There is 1 question to complete.