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RBI Grade B Phase 1 PYP >> May 28, 2022 - Shift 1 >> General Awareness

Question :

Which of the following has launched the Bharat Bond ETF for the first time in India in December 2021?

1. Bandhan Mutual Fund.

2. Baroda BNP Paribas Mutual Fund.

3. Canara Robeco Mutual Fund.

4. DSP Mutual Fund.

5. Edelweiss Mutual Fund.

Correct Answer : 5
Solution :

Edelweiss Mutual Fund has launched the fourth tranche of BHARAT Bond ETF. The BHARAT Bond ETF is India's first corporate bond ETF and it is an initiative of the Government of India, from the Department of Investment and Public Asset Management and the latter has given the mandate to Edelweiss Mutual Fund to design, launch and manage the product.

[December 2021 News (exam date- 28 May 2022)]

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