{"id":1553,"date":"2019-12-04T08:22:46","date_gmt":"2019-12-04T08:22:46","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/12\/04\/indias-first-psu-bond-etf-soon-bharat-bond-gets-cabinet-ok-check-yield-companies-other-details\/"},"modified":"2019-12-04T08:22:46","modified_gmt":"2019-12-04T08:22:46","slug":"indias-first-psu-bond-etf-soon-bharat-bond-gets-cabinet-ok-check-yield-companies-other-details","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/12\/04\/indias-first-psu-bond-etf-soon-bharat-bond-gets-cabinet-ok-check-yield-companies-other-details\/","title":{"rendered":"India&#8217;s first PSU bond ETF soon: Bharat Bond gets cabinet OK; check yield, companies, other details"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1741829 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/10\/bharat22small-1.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/10\/bharat22small-1.jpg 660w, https:\/\/images.financialexpress.com\/2019\/10\/bharat22small-1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/10\/bharat22small-1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/10\/bharat22small-1-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1741829 size-full\" src=\"https:\/\/images.financialexpress.com\/2019\/10\/bharat22small-1.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/10\/bharat22small-1.jpg 660w, https:\/\/images.financialexpress.com\/2019\/10\/bharat22small-1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/10\/bharat22small-1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/10\/bharat22small-1-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Bharat Bond\u00a0ETF will only hold bonds with AAA credit rating issued state-owned owned companies including REC, PFC, NHAI,\u00a0National Thermal Power Corporation among others.<\/span><\/figure>\n<\/div>\n<p>The much-awaited launch of Bharat Bond ETF received Cabinet Approval on Wednesday. The ETF (Exchange traded fund) is set to be launched in mid-December. Touted as \u201cIndia\u2019s first corporate bond ETF,\u201d\u00a0Bharat Bond ETF will only hold bonds issued by public sector undertaking (PSUs). \u201c<span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">We are delighted that the Union Cabinet has approved Bharat Bond ETF, India\u2019s first corporate bond ETF for launch. We at\u00a0<\/span><a class=\"css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1n1174f r-1loqt21 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\" dir=\"ltr\" role=\"link\" href=\"https:\/\/twitter.com\/EdelweissAMC\" data-focusable=\"true\" rel=\"nofollow noopener\" target=\"_blank\">@EdelweissAMC<\/a><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\"> are delighted to bring an exciting new product for fixed income investors to the market,\u201d Radhika Gupta, CEO of Edelweiss AMC said on Twitter. According to Zerodha, Bharat Bond<\/span>\u00a0ETF will only hold bonds with AAA credit rating issued state-owned owned companies including REC, PFC, NHAI,\u00a0<span style=\"font-weight: 400;\">National Thermal Power Corporation, Nabard, Exim Bank, Nuclear Power Corporation, and Power Grid among others.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We are delighted that the Union Cabinet has approved Bharat Bond ETF, India\u2019s first corporate bond ETF for launch. We at <a href=\"https:\/\/twitter.com\/EdelweissAMC?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">@EdelweissAMC<\/a> are delighted to bring an exciting new product for fixed income investors to the market! <a href=\"https:\/\/t.co\/FXY32D93Ub\" rel=\"nofollow\">pic.twitter.com\/FXY32D93Ub<\/a><\/p>\n<p>\u2014 Radhika Gupta (@iRadhikaGupta) <a href=\"https:\/\/twitter.com\/iRadhikaGupta\/status\/1202113876692623365?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">December 4, 2019<\/a><\/p>\n<\/blockquote>\n<p>Also read: <a href=\"https:\/\/financialexpress.com\/market\/csb-bank-shares-soar-post-listing-after-blockbuster-ipo-up-54-from-issue-price\/1783861\/\" target=\"_blank\" rel=\"noopener\">CSB Bank shares soar post listing after blockbuster IPO; up 54% from issue\u00a0price<\/a><\/p>\n<p>According to the currently available details, Edelweiss AMC will be launching 2 series of ETFs\u2013 2023 ETF and 2030 ETF which will expire in those respective years and the AMC will keep launching new series, explained Zerodha. Each series will have an index and the ETF will just track that index.\u00a0The coupons in the Bharat Bond ETF will be reinvested. \u201cAnd once the ETF matures, the entire proceeds will be paid out to you,\u201d Zerodha explained. The yields are currently in the 7% range. Since it will be passively managed, the expense ratio is also slated to be lower. According to the brokerage firm, it is in the range of\u00a0\u00a0about 0.0005%.<\/p>\n<p>Explaining the tax implications of investing into the ETF, Zerodha said that in case the Bharat Bond ETF is\u00a0sold within 3 years, it will be considered as short term and STCG as per the income slab will be applicable. \u201cIf sold after 3 years it will be considered as long term and LTCG of 20% with indexation is applicable,\u201d said the firm.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bharat Bond\u00a0ETF will only hold bonds with AAA credit rating issued state-owned owned companies including REC, PFC, NHAI,\u00a0National Thermal Power Corporation among others. The much-awaited launch of Bharat Bond ETF received Cabinet Approval on Wednesday. The ETF (Exchange traded fund) is set to be launched in mid-December. Touted as \u201cIndia\u2019s first corporate bond ETF,\u201d\u00a0Bharat [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1553"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1554"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}