Govt may raise over Rs 10,000 cr via Bharat Bond ETF in Q1 next fiscal
The government is planning to launch the third tranche of the Bharat Bond ETF during the first quarter of the next fiscal and expects to raise over Rs 10,000 crore from retail investors to fund growth plans of Central Public Sector Enterprises, sources said. Bharat Bond ETF is an exchange traded fund that invests in debt of public sector companies. The ETF currently invests only in 'AAA' rated bonds of public sector companies. The funds raised through the debt ETF helps in smoothening borrowing plans of the participating CPSEs or public sector banks. It also helps them in meeting their capital expenditure needs.