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Centre to launch first bond ETF this month


Nirmala Sitharaman.

New Delhi: The country will soon have its first exchange-traded fund (EFT) for bonds comprising debt of state-run companies, Finance Minister Nirmala Sitharaman said on Wednesday. The idea is to give retail investors an option to buy government debt while creating an additional source of funding for Central Public Sector Enterprises (CPSEs) and state-owned financial institutions.

The Union Cabinet headed by Prime Minister Narendra Modi approved the launch of ETF for bonds to create an additional source of funding for Central Public Sector Enterprises (CPSEs) and state-owned financial institutions.

The new fund offer (NFO) of Bharat Bond ETF ...


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