Business 

Govt keen to offer ‘direct’ GSec play to retail investors

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The government is planning to raise up to Rs 15,000 crore through the Bharat Bond ETF for some state-owned units.

Synopsis

“We are considering such a structure as the Centre believes in retail participation in the government bond market. The proposed instrument is also expected to increase liquidity in sovereign debt,” said a senior government source.

Mumbai: The Centre is considering the launch of a Bharat Bond ETF product that would include central government securities to increase both safe investment options for retail investors and liquidity in sovereign papers.Finance ministry is in talks with the market regulator, Securities & Exchange Board of India (Sebi) and they are exploring the broad contours of the proposed product, three people with knowledge of the matter told ET. Both

BY

ET Bureau

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