Bharat Bond 3.0

Edelweiss Mutual Fund is back with the third tranche of its much famous Bharat Bond programme. The programme is aimed at bringing retail buyers in the corporate bond market which has largely been driven by institutional investors. Via the third tranche, the government is getting closer to its objective of creating a ladder of Bond ETFs with different maturities across calendar years. The NFO period for Bharat Bond ETF - April 2032 is from December 3 to 9, 2021. It proposes to raise an initial amount of Rs 1,000 crore with an option to extend the amount by Rs 4,000 crore (popularly known as green shoe option). To cater to non-demat account holders, the product is also available in the form of fund of funds (FoFs). The third tranche comes after the AMC's back-to-back successful launches in July 2020 (2025 and 2031 series) and December 2019 (2023 and 2030 series). Over the years, these funds have grown in popularity as reflected by the growing assets under their management. The passive-debt segment's growth has only tended upwards since the launch of the