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The government has allowed EPFO and exempted provident fund trusts to invest in Bharat Bond ETFs.
Despite an 8.5% interest rate declared by the EPFO for FY20, these ETFs have yields in the 4.5-6.6% range. Thus experts suggested a transfer of risk to subscribers rather than provident funds through unitisation.
The government had launched four tranches of Bharat Bond ETFs — two in December 2019 and two in mid-2020.
Edelweiss Asset Management manages the ETFs for the government.
The set expiry dates of these ETFs are 2023, 2025, 2030, and 2031 which have a collective size of around Rs 30,000 crore.
Published: January 17, 2021, 16:31 IST