Bharat Bond ETFs, India's first corporate bond ETFs, got listed on stock exchanges today. Bharat Bond ETF - April 2023 traded between ₹1001 to ₹1,000 on NSE today while the Bharat Bond ETF - April 2030 between ₹1,004.90 and RS 1,000.40, as compared to the offer price of ₹1,000 in both the issues. Bharat Bond ETF - April 2023 with a 3-year maturity follows the Nifty Bharat Bond Index-April 2023, while Bharat Bond ETF - April 2030 with a 10-year maturity will follow the Nifty Bharat Bond Index-April 2030. The ETF will invest in constituents of the Nifty Bharat Bond Indices, consisting of public sector companies. A Bharat Bond Fund of Funds (FOF) will also be launched from tomorrow for investors who do not have demat accounts.

Source: Mint January 02, 2020 06:22 UTC