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?
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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
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
About 15-20 kg of onions, whose prices have skyrocketed, were allegedly stolen from a woman vendor's pushcart with the act caught on camera, police said on Saturday.The incident happened on the intervening night of Thursday and Friday, and the woman found the onions missing from her pushcart on Friday morning, police said.However, no case was registered as the woman did not file any complaint, Chikkadpally Police Station Inspector P Shiva Shankar Rao said.Close A CCTV footage showed an unidentified man parking his two-wheeler and then opening the gunny bag covers kept on the pushcart and later putting the onions from a basket into his bag and later driving away.LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE. … [Read more...] about 15-20 kg onions stolen from woman vendor’s pushcart in Hyderabad
Indonesian Foreign Minister Retno Marsudi on December 13 said India joining the RCEP will send a powerful signal to the world that ASEAN and New Delhi remain committed to a free and fair multilateral trading system amid rising protectionism.Speaking at the Third Annual Developing Country Forum organised by South Centre and Research and Information System For Developing Countries — a think tank focussed on global economic issues — she said ASEAN and India have experienced positive economic growth above the global economic growth."To ensure that we continue this positive trend in midst of a rising trend of protectionism, ASEAN and India economies should continue to uphold an open and inclusive strategic outlook," the Indonesian foreign minister said.Close "ASEAN and India partnership should remain committed to promoting a win-win and a zero-sum paradigm. The conclusion of RCEP will send a powerful signal to the world that ASEAN and India remain committed to an open, free … [Read more...] about India joining RCEP will send signal its commitment to multilateral trading systems: Indonesia