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Bharat Bond ETFs reach Rs 60,000 cr AMU mark

By IndianMandarins- 20 Oct 2022
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New Delhi (20.10.2022): Edelweiss AMC Bharat Bond ETF has written a new success story after a total 30 target maturity funds have been launched since 2019 by 11 different asset management companies. It has crossed assets under management Rs 1.15 lakh crore as on September 2022.
It may well be underlined that Bharat Bond was crafted and formalized during the tenure of Neeraj Kumar Gupta (Retd IAS:1982:UP), the then Union Secretary, Department of Investment & Public Asset Management (DIPAM).
Radhika Gupta, MD, and CEO, of Edelweiss Asset Management Ltd said, “We not only brought to market India’s first corporate bond ETF but also created a product and product category from the ground up. In the process, we were able to bring to investors a unique investment offering and also become a leader in the fixed income and passive debt category.”
Edelweiss AMC is a leader in the passive debt category and has reached an AUM of more than Rs 60,000 crore as of September this year in a little over two years. This is more than 52 percent of the total industry’s AMU with 10 different target maturity offerings.

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