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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).


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