Exchange traded fund
SEBI Increases Foreign Investment Limit for MFs
Securities and Exchange Board of India (SEBI) has increased overseas investment limit for local mutual funds. Highlights With this, mutual funds can make overseas investments to a maximum of US $ 1 billion per Mutual Fund out of overall industry ..
Month: Current Affairs - June, 2021
World Gold Council report: RBI ranks 6th in buying gold abroad
The World Gold Council (WGC) recently released its report, “World Gold Outlook 2020”. The report says that gold has performed the best since 2010 in 2019. In 2019, the gold trade in USD has increased by 18.4% as compared to ..
Month: Current Affairs - January, 2020
Edelweiss Asset Management Company launches First Corporate Bond ETF of India
The Edelweiss Asset Management Company has launched the First Corporate Bond Exchange Traded Fund(ETF) of India and it is also the largest New Fund Offer (NFO) ever opened for subscription in the country. Edelweiss Asset Management Company is a subsidiary ..
Cabinet approves Bharat Bond Exchange Traded Fund
On December 4, 2019, the Cabinet approved the launch of Bharat Bond Exchange Traded Fund (BBETF) in order to allow the investors to buy government debts. The fund will allow easy and low-cost access with the smallest amount of Rs ..
Month: Current Affairs - December, 2019
First Corporate Bond ETF of India gets Cabinet Approval
The Cabinet Committee on Economic Affairs under, chaired by the Prime Minister, Narendra Modi on Wednesday, 4 December 2019 has given its approval for the creation and launch of the first corporate bond exchange-traded fund(ETF) of India, named ‘Bharat Bond ..
Government to launch first fixed income ETF of bluechip PSUs
Union Government will launch India’s first fixed income Exchange Traded Fund (ETF) comprising debt securities of large central public sector enterprises (PSUs) by mid-December 2019. It will comprise only AAA-rated papers of the PSU companies. It is expected to have ..