Offer Period - 12th Dec, 2019 - 20th Dec, 2019
Offer Period - 12th Dec, 2019 - 20th Dec, 2019
Offer Period - 12th Dec, 2019 - 20th Dec, 2019
An Exchange Traded Mutual Fund The fund will have a defined You can buy or sell units of this fund
which will invest your money in maturity date and at maturity you on exchange anyƟme during the
bonds issued by Public Sector will get back your investments tenure of the fund.
companies. proceeds along with returns.
*Please note that the Scheme (s) is neither Capital Protected nor Guaranteed Return Product
Listed on exchange
Trade like an ETF Market Makers to support liquidity
Unit CreaƟon/RedempƟon through AMC
Investment Strategy
ETF will have a fixed maturity date like a bond
ETF maturiƟes will be – April 2023 and April 2030
ETF will follow NiŌy BHARAT Bond Index
ETF will invest only in AAA rated Bonds issued by Public Sector Companies maturing on or before the
maturity of the ETF
ETF will hold bonds Ɵll their maturity and coupons received will be reinvested
Up to 5% allocaƟon towards G-Sec / CBLO for liquidity management
Index Constituents:
NIFTY Bharat Bond Index - April 2030 cons tuents as on 3rd Dec, 2019
ISSUER Ra ngs Capped Weights
NATIONAL HIGHWAYS AUTHORITY OF INDIA AAA 15.00%
INDIAN RAILWAY FINANCE CORP. LTD. AAA 15.00%
POWER GRID CORP. OF INDIA LTD. AAA 15.00%
REC LIMITED AAA 12.72%
NTPC LTD. AAA 11.63%
INDIAN OIL CORP. LTD. AAA 8.00%
NUCLEAR POWER CORP. OF INDIA LTD. AAA 6.61%
POWER FINANCE CORP. LTD. AAA 6.51%
NLC INDIA LTD. AAA 3.93%
EXPORT-IMPORT BANK OF INDIA AAA 2.84%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT AAA 1.48%
NHPC LTD. AAA 1.27%
Grand Total 100.00%
YTM - 7.52%
BHARAT BOND ETF - Product Note
NIFTY Bharat Bond Index - April 2023 cons tuents as on 3rd Dec, 2019
ISSUER Ra ngs Capped Weights
REC LIMITED AAA 15.00%
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT AAA 15.00%
POWER FINANCE CORP. LTD. AAA 15.00%
HOUSING & URBAN DEVELOPMENT CORP. LTD. AAA 11.84%
EXPORT-IMPORT BANK OF INDIA AAA 8.00%
POWER GRID CORP. OF INDIA LTD. AAA 7.24%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA AAA 7.00%
NTPC LTD. AAA 6.67%
HINDUSTAN PETROLEUM CORP. LTD. AAA 4.87%
NATIONAL HIGHWAYS AUTHORITY OF INDIA AAA 3.85%
NUCLEAR POWER CORP. OF INDIA LTD. AAA 2.43%
INDIAN RAILWAY FINANCE CORP. LTD. AAA 1.88%
NHPC LTD. AAA 1.21%
Grand Total 100.00%
YTM - 6.59%
Liquidity
Defined
Maturity
Final Distribu on
at Maturity
Tax Efficiency
– Indexa on
BHARAT BOND ETF - Product Note
Indexa on Example:
3 Yr Tradi onal BHARAT Bond ETF 10 Yr Tradi onal BHARAT Bond ETF
Investment April 2023 (4 Indexa on) Investment April 2030 (11 Indexa on)
Indexa on NA 4 NA 11
Assumed Tenure for TradiƟonal Investment and Bond ETF (4 IndexaƟon ) 3.37 Years and Tenure for TradiƟonal Investment and
Bond ETF (11 IndexaƟon) 10.38 Years.
Assumed Rate of InflaƟon is 4%.
*TradiƟonal investment Taxed at 30% & BHARAT Bond ETF Taxed at 20% post indexaƟon
Above is only for illustraƟon purposes. Please consult you TAX Advisor before making any investment