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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?

Congress President Sonia Gandhi on Saturday said the Citizenship Amendment Act would "shred the soul" of India as she launched a scathing attack on 'Modi-Shah government' over the law, alleging their sole agenda was to make people fight to serve their politics, and vowed that her party would not retreat in its struggle against injustice. Addressing the party's mega "Bharat Bachao Rally" (Save India) at Ramlila Maidan here, she also targeted the government over the economic situation and exhorted people to raise their voice to protect the country and its Constitution."The Congress and only Congress has always fought for people's rights. And today too, the Congress party is not going to retreat. Till our last breath, we will fulfil our duty towards protecting the country, democracy and the Constitution" she said."Andher nagri chaupat raja wala mahaul hai (confused leader, chaotic State)… kahaan hai sabka saath sabka vikas? What has happened to economy? Where are jobs?" she asked, … [Read more...] about CAB will shred India’s soul, time to rise to save country and its democracy: Sonia Gandhi