2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI Mutual Fund
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ICICI Prudential Mutual Fund
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Edelweiss Mutual Fund
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Kotak Mahindra Mutual Fund
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Detailed explanation-1: -Edelweiss AMC is managing the Bharat Bond ETF.
Detailed explanation-2: -BHARAT Bond ETF is an Initiative by Government of India to cater to the borrowing requirements of Pubic Sector by pooling investments from retail, HNI and institutional investors. Edelweiss Asset Management has been given the mandate to manage this BHARAT Bond ETF program.
Detailed explanation-3: -A mix of equity and debt in one product to provide growth with less downside.
Detailed explanation-4: -Bharat Bond ETF is a type of target maturity debt mutual fund.
Detailed explanation-5: -It needs to be noted that the Bharat Bond ETF is a target-maturity bond ETF, which has defined fixed maturity, investing in bonds with a similar maturity. The new ETF will track the newly introduced Nifty BHARAT Bond Index in April 2032.