Edelweiss AMC Launches India’s first corporate bond ETF "Bharat Bond ETF"

Edelweiss Asset Management Company (AMC) has launched India’s first corporate bond exchange-traded fund (ETF), called the Bharat Bond ETF.
Bharat Bond ETF is also the country’s largest new fund offer (NFO) ever.
Edelweiss AMC will invest in AAA-rated bonds of public sector companies and aims to raise up to Rs 15,000 crore through this initiative.
ETF is an initiative of the Government of India, from the Department of Investment and Public Asset Management while Edelweiss AMC is given the mandate to design and manage the product.