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Govt scouts for advisor for Bharat Bond ETF

Govt scouts for advisor for Bharat Bond ETF

New Delhi: The government is looking to appoint a consultant to advise it on managing the Bharat Bond ETF, whose asset under management (AUM) has crossed Rs50,000 crore since its launch in 2019. The Bharat Bond Exchange Traded Fund (ETF) comprises bonds of CPSEs, CPSUs, Central Public Financial Institutions (CPFIs) and other government organisations. These institutions have issued bonds and raised debt of Rs33,400 crore since 2019, using the ETF platform.

The Department of Investment and Public Asset Management (DIPAM) on Friday issued an RFP for appointing an advisor/consultant with experience and expertise in advising or who has been involved in a relevant capacity in the launch of an ETF/Debt ETF /Debt MF/ index linked fund/corporate bonds issuances.

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