The tracking error is a key element to keep tabs on. How quickly the Bharat Bond ETF deploys its inflows after the NFO will ascertain the scheme’s tracking error. The fund house had to suffer a bit of delay in the first tranche. As the NFO at the time closed towards the end of 2019, some underlying companies chose to wait for the new year to get clarity on their borrowing requirements. The revision in stamp duty that took place early January 2020 was another speed-breaker; some state-owned companies waited further to get clarity. As per NSE’s website, the yield-to-maturity (YTM) of the Nifty BHARAT Bond Index – April 2030 was 6.75 percent as on July 2. Bharat Bond ETF-April 2030’s YTM was 6.69 percent. The shorter this gap, the better it is for the ETF. … [Read more...] about Bharat Bond ETF-Series II: A Safe option, but should you invest?
Series i savings bonds
The ETF will invest in constituents of the Nifty Bharat Bond Indices, consisting of AAA rated public sector companies. "Bharat Bond Fund of Funds (FOF) with similar maturities will also be launched for investors, who do not have demat accounts," said Edelweiss. … [Read more...] about Second tranche of Bharat Bond ETF to open on July 14, aims to raise Rs 14,000 crore
- In the 2025 bond, the fund allows for a minimum retail investment Rs. 1,001/- and in multiples of Rs. 1/- thereafter, subject to the maximum investment amount of Rs 2,00,000. While for Retirement Funds, QIBs, Non-Institutional Investors, the minimum investment is at Rs 2,00,001 and in multiples of Re 1 thereafter. The same conditions apply for the long-term 2031 bonds as well. … [Read more...] about Bharat Bond ETF: Subscription for second tranche opens July 14; all your questions answered
Ironically, Prime Minister Narendra Modi enjoyed overwhelming public support even as the country endured the most stringent of lockdowns anywhere, with unspeakable hardships for many. However, the app stored citizens’ data on centralized servers, which compounded fears of digitally enabled state surveillance. Also, the app had been cocreated by a ministry headed by Modi’s lieutenant, Amit Shah, who has a troubling history of abuse of power. All this made voluntary adoption difficult. … [Read more...] about Digital contact tracing won’t save Americans from COVID-19
PMVVY adds to the growing list of products targeted towards senior citizens. The good old Senior Citizen Saving Scheme (SCSS) and the RBI (taxable) bonds offering 7.75 per cent interest are attractive options. The trio make an interesting combination for regular income seekers. PMVVY’s interest rate is in line with that of SCSS (also 7.4 percent annually) for the current financial year. Fresh investments will attract the then prevalent rate. … [Read more...] about Should senior citizens invest in the Pradhan Mantri Vaya Vandana Yojana?