Edelweiss Mutual Fund on December 12 launched the new fund offer of India's first corporate bond ETF (exchange-traded fund) called Bharat Bond ETF.Subscription to this scheme will remain open until December 20.This ETF is an initiative of the Government of India, from the Department of Investment and Public Asset Management (DIPAM).The DIPAM had given the mandate to design and manage the Bond ETF to Edelweiss Mutual Fund.The Bharat Bond ETF will have a definite maturity period, just like the one for a closed-end mutual fund scheme. ETF units will be listed on stock exchanges.An ETF is a mode of investment that comprises a basket of stocks or bonds that are traded, similar to individual stocks, on an exchange during regular trading hours. An ETF is comparable with an index fund, except that the ETF is listed on the stock exchange and is traded.The scheme will have two variants - one maturing in three-years (2023) and the other in 10 years (2030).The ETF with a three-year maturity … [Read more...] about Edelweiss MF launches Bharat Bond ETF; offer to end on December 20
High yield bond fund
Edelweiss Mutual Fund launched India's first corporate bond ETF (exchange-traded fund) called Bharat Bond ETF on December 12. Subscription to the scheme will remain open until December 20.This is the cheapest mutual fund product in the country and is an initiative of the Government of India, from the Department of Investment and Public Asset Management (DIPAM).In this episode of Reporter's Take, Moneycontrol’s Shraddha Sharma talks to Himadri Buch to find out all Bharat Bond ETF.Close Watch the video for more.Not sure which mutual funds to buy? Download moneycontrol transact app to get personalised investment recommendations. … [Read more...] about Reporter’s Take | Bharat Bond ETF: The cheapest mutual fund product in India
India's mutual fund space witnessed an interesting dichotomy in November.Net inflows into equity mutual funds (MFs), including closed-ended schemes, stood at a mere Rs 933 crore against Rs 6,015 crore in the previous month, latest data released by the Association of Mutual Funds in India (AMFI) shows.On the other hand, investment in equity funds through systematic investment plans (SIPs) saw a strong momentum at Rs 8,273 crore.Close The fall in equity MFs net inflow is primarily due to redemptions in value funds, multi-cap funds and sectoral funds. related news Market Headstart: Nifty likely to open higher on Fed status quo; Ujjivan Small Finance Bank eyed Bharat Bond ETF can help low-risk investors diversify with 10-20% allocation This multiplex stock jumped 47% in 2019 despite slump in consumer spending Overall, the mutual fund industry saw its total asset under management (AUM) hitting Rs 27 lakh crore as of November from Rs 23.59 lakh crore a year ago. That represents a … [Read more...] about Equity inflows drop but SIP figures at all-time high; what should you do?
World shares took another run at record highs on Thursday, as the right messages from the U.S. Federal Reserve set traders up for a packed day of central bank meetings and a Brexit-defining election in Britain.The Fed kept U.S. interest rates unchanged, as expected, but it was a message that it would take an unexpected and "persistent" rise in inflation to lift them again that cheered the bulls and pushed the dollar to its lowest since August.Asian shares rallied almost 1% overnight, despite reports Washington will press on with new China tariffs. European trading left MSCI's broadest world share index just 0.1% shy of its 2018 record high.Close "This is quite a strong signal that current interest rates will remain at these low levels for the time being," Mirabaud's chief economist, Gero Jung, said of the Fed, the European Central Bank and Switzerland's SNB which had also kept rates steady. related news Demand looking up for autos; these stocks likely to gain the most Rising … [Read more...] about Global Markets: Stocks near record highs, pound wavers before election result
The Indian rupee is trading at day's high level at 70.60 per dollar, with buying seen in the domestic equity market.It opened higher 15 paise by at 70.69 per dollar against Wednesday's close 70.84.The Sensex was up 159.10 points or 0.39% at 40571.67, and the Nifty was up 51.30 points or 0.43% at 11961.50.Close The rupee added 7 paise to end at a fresh one-month high of 70.85 against the US dollar on December 11 on the back of firm domestic equities and easing crude oil prices. related news Rupee extends winning run for 6th day against US dollar, gains 7 paise Rupee erases gains but trades higher at 70.85 per dollar Oil prices steadied on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in US crude inventories.The dollar nursed its steepest losses in weeks on Thursday, after the US Federal Reserve’s benign inflation outlook hosed down expectations for a rate hike … [Read more...] about Rupee at day’s high at 70.60 per dollar