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.
Bharat Bond ETF is an open-ended Target Maturity Exchange Traded Bond Fund predominantly investing in constituents of Nifty BHARAT Bond Index – April 2032.
|Types of Instruments||Indicative allocation (% of total assets)||Risk Profile|
|#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|
|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|
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.
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.
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.