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| 1. |
What is the minimum unit size of Bharat Bond ETF issued by Edelweiss Asset Management Company? |
| Answer» Edelweiss Asset Management Company has issued the first Bharat Bond ETF, the corporate bond exchange-traded fund in the country. The bond issue will close on 20 December 2019. The investors can subscribe to the exchange-traded fund (ETF) with a minimum unit size of Rs.1,000.Through the ETF, Edelweiss Mutual Fund proposed to raise an initial amount of Rs.3,000 crore. It has a greenshoe option of Rs.2, 000 crore in the 3-year maturity period (2023) and Rs.4, 000 crore with a greenshoe option of Rs.6, 000 crore in the 10-year maturity bucket (2030). | |