In recent news India has announced the launch of its fourth section of India’s first corporate bond ETF, looking to hit the market later this week on December 2. The launch comes from Edelweiss Mutual Fund and they plan to invest only in AAA-rated corporate bonds that come from state-run companies.
The fund house commented on the new fund saying the series will mature in April 2033 and provide a yield-to-maturity of 7.50%.
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