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New Fund Offer: Edelweiss Mutual Fund Bharat Bond ETF

07 December 2021
3 minutes

Edelweiss Mutual Fund has launched a new fund offer for Bharat Bond ETF. The fund is open for subscription between December 03, 2021, and December 09, 2021.

Read on to find out more about the NFO. 

Investment Objective

Bharat Bond ETF is an open-ended Target Maturity Exchange Traded Bond Fund predominantly investing in constituents of Nifty BHARAT Bond Index – April 2032. 

Indicative Asset Allocation

Types of Instruments  Indicative allocation  (% of total assets)  Risk Profile
Minimum Maximum
#Debt Securities issued by CPSEs/CPSUs/CPFIs and other Government organizations which are part of Nifty BHARAT Bond Index –April 2032 95% 100% Low to Medium
Government Securities maturing on or before maturity date of the Scheme, TREPS and REPO in government bonds  0%  5% Low

Fund Details

Scheme name Bharat Bond ETF  
Type of scheme Bharat Bond ETF is an open ended Target Maturity Exchange Traded Bond Fund predominantly investing in constituents of Nifty BHARAT Bond Index – April 2032. 
NFO Dates December 03, 2021 – December 09, 2021.
Fund Managers Mr. Dhawal Dalal, Mr. Rahul Dedhia
Benchmark Nifty BHARAT Bond Index – April 2032
Minimum Amount during NFO Rs. 1,001 and in multiples of Re. 1 thereafter, subject to a maximum investment amount of Rs. 2,00,000.
Load a) Entry Load: N.A

b) Exit Load: NIL

Plans The Scheme does not offer any Plans/Options for investment

Benchmark

Nifty BHARAT Bond Index – April 2032

The index measures the performance of a portfolio of AAA-rated bonds issued by government-owned entities maturing in April 2032. 

Fund Managers

Mr. Dhawal Dalal

Mr. Dhawal Dala has an overall work experience of 24 years mostly in the investment management. He joined Edelweiss AMC as Chief Investment Officer – Fixed Income in October 2016.

Prior to joining Edelweiss AMC, he was associated with DSP BlackRock Investment Managers Pvt.Ltd as Executive Vice President and Head of Fixed Income from January 2012 to July 2016. He was Sr. Vice President and Head of Fixed Income schemes from January 2006 to December 2011. And was Asst. Vice President for fixed income products from May 1998 to December 2005. 

He was associated with Merrill Lynch Investment Managers as Assistant Portfolio Manager, from August 1996 to April 1998.

Some of the other schemes managed by him includes:

  • Edelweiss Money Market Fund
  • Edelweiss Banking and PSU Debt Fund
  • Edelweiss Government Securities Fund
  • Edelweiss Equity Savings Fund (Debt Portion)
  • Edelweiss Arbitrage Fund (Debt Portion)
  • Edelweiss Aggressive Hybrid Fund (Debt Portion)
  • BHARAT Bond ETF – April 2023, April 2030, April 2025, and April 2031 
  • Edelweiss NIFTY PSU Bond Plus SDL Index Fund – 2026
  • Edelweiss NIFTY PSU Bond Plus SDL Index Fund – 2027

Mr. Rahul Dedhia

Mr. Rahul Dedhia has over 9 years of experience in the fixed income market, including 6 years in the mutual fund industry. 

Prior to joining Edelweiss AMC, Mr. Dedhia was Assistant Fund Manager with DHFL Pramerica Mutual Fund from March 2016 to October 2017. He was with Deutsche Asset Management (India) Pvt. Ltd from July 2014 to March 2016.

Other schemes managed by him are: 

  • Edelweiss Liquid Fund
  • Edelweiss Overnight Fund
  • Edelweiss Banking and PSU Debt Fund
  • Edelweiss Government Securities Fund
  • Edelweiss Balanced Advantage Fund (Debt Portion)
  • BHARAT Bond ETF – April 2023, April 2030, April 2025, and April 2031
  • BHARAT Bond FOF – April 2023, April 2025, April 2030 and April 2031
  • Edelweiss NIFTY PSU Bond Plus SDL Index Fund – 2026
  • Edelweiss NIFTY PSU Bond Plus SDL Index Fund – 2027
  • Edelweiss Fixed Maturity Plan – Series 55
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