Bharat Bond ETF, the initiative of the Department of Investment and Public Asset Management (DIPAM) of the government, was launched on December 12.The government had announced plans for debt ETFs in Budget 2019. The ETF has a duration of 3 years maturing in 2023 with a yield return of 6.69 percent and another duration of 7 years maturing in 2030 with a yield return of 7.58 percent. Both will be listed on NSE and BSE.Stressing on the appeal factor of 3-year and 7-year duration, Deepak Jasani Head Retail Research, HDFC Securities said, "Returns of this 3-year variant could be compared to Banking and PSU debt funds that have an average maturity of 2-4 years and a similar portfolio holding. Longer duration variant (10-years) would naturally bear high duration risk and can be considered by informed investors who want to take high duration bets."Close This ETF is managed by Edelweiss Mutual Fund. So the fund is called Edelweiss BHARAT Bond ETF, and the fund will invest in the bonds … [Read more...] about Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?
Kerala requires a Department of Design for the state to emerge as a creative hub of the world, experts at a three-day international event here said. Such a set-up can enable the government to focus on the state's strengths in the field of design and resolve pertinent deficiencies, they said in a panel discussion at the Kochi Design Week that concluded on Saturday.Experts were addressing a session on 'Kerala as Creative Hub of the World' on the second day of the December 12-14 KDW, organised chiefly by the government to chart a long-term development mission for the state through futuristic design and architecture.Moderating the discussions, National Institute of Design former director Pradyumna Vyas said Kerala's strengths in the area of IT and digital competencies, tourism, heritage and culture make it a strong contender for being the creative hub of the world.Close "The government, policymakers and bureaucrats are promoting creative activity in a big way, as can be seen from the way … [Read more...] about Kerala requires Department of Design to become creative hub of world: Experts
Captain Virat Kohli along with his dynamic opening duo of Rohit Sharma and KL Rahul have been in imperious form off late as they showed in the T20I series where they tormented the West Indies attack. Now the lethal trio will train their guns once again on the Windies as the two sides square off in a three-match ODI rubber starting on December 15 in Chennai .The no. 2 ranked ODI squad on the ICC rankings will be looking for their 10th straight bilateral ODI series win against their Caribbean counterparts who are way down in the rankings on 9th spot.However, India will be wary of the weather playing spoilsport with rains hitting the MA Chidambaram Stadium in the last 24 hours.Close Where to watch: The match starts 1.30 PM IST. It will be broadcast live on Star Sports 1 and Star Sports 1 HD. Online viewers can catch the action on Hotstar. related news On the Ball podcast | IND vs WI ODI series preview: India way too strong for West Indies, will pick up a 3-0 … [Read more...] about India vs West Indies 1st ODI preview: Where to watch, team news, possible XI and betting odds
A high-level delegation led by Minister of State for Consumer Affairs, Food and Public Distribution Raosaheb Patil Danve on December 14 left for Australia in pursuance of a collaborative project on consumer protection. The delegation will take part in phase two of the Australia-India Collaborative Consumer Protection Project under Sydney University, an official statement said.Under the funding from the Australia-India Council (AIC), established in 1992, and the support from the Department of Consumer Affairs, the Sydney University has undertaken the consumer protection project.The project will be implemented in four stages -- workshops and round-table in New Delhi (by Sydney University), followed by a high level delegation from India to Australia.Close The third stage is the secondment of one person from India to Australia to the Australian Competition and Consumer Commission, while the fourth stage is specialised workshops in New Delhi, it added. related news Chidambaram … [Read more...] about Indian delegation leaves for Australia for consumer protection project
The Opposition Congress and the AIUDF have separately requested the Assam Assembly Speaker to call a special session to discuss the concerns expressed by the people of the state on the amended Citizenship Act.Assam has been on the boil for the past several days as thousands of people have come out on the streets to protest against the amended Citizenship Act. Two persons were killed in police firing on Thursday, while an oil tanker driver was charred to death when the vehicle was torched on Saturday."You must be aware of the situation in Assam following the passing of the Citizenship Amendment Bill, 2019 by the Lok Sabha," Leader of Opposition in the Assembly Debabrata Saikia of the Congress wrote to Speaker Hiten Goswami.Close He said people including students and senior citizens took to the streets across Assam to express their pain and grievances over the Bill that threatens the existence of the indigenous people. related news Up to 25% of FASTag lanes to be temporarily … [Read more...] about Citizenship Act: Cong, AIUDF urges Assam Speaker to call spl session