The government on Thursday announced the launch of the second tranche of the BHARAT Bond Exchange Traded Fund (ETF) in July. Investments in the ETF, with a face value of ₹1,000, can be made from July 14 to 17. Investors now have the choice of four maturity series: 2023, 2025, 2030 and 2031. ETFs maturing in 2023 and 2030 were launched last December; those maturing in 2025 (5 years) and 2031 (11 years) series are now being launched. Based on the NAV (Net Asset Value) on July 2 (₹1,070.89), the BHARAT Bond ETF 2023 has given 5.17 per cent returns; similarly, the BHARAT Bond ETF 2030, with its NAV of ₹1,088.45, has given 6.69 per cent returns. The...
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