Exchange traded fund Current Affairs, GK & News

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 2010. Highlights: India According to the WGC, RBI (Reserve Bank of India) currently holds 625.2 ..

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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 of Edelweiss Capital Limited (ECL). India’s Corporate Bond ETF (Exchange Traded Fund) is called the ..

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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 1000. Highlights The BBETF at its initial stages will hold basket of bonds that are ..

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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 Exchange Traded Fund’. Bharat Bond ETF is will work on creating an additional source of ..

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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 a size of Rs 15,000 crore to Rs 20,000 crore. It is expected to improve ..

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