Money Money Money: Investing in fixed income funds

The fixed income market has been going through an amazing amount of chop and churns over the last 15 months and now it has reached an interesting milestone. There is a new product in the market and one that has been spoken about quite a lot over the last few months is Bharat Bond ETF.

Why is this product interesting as it is the first time we will have the ETF or an exchange-traded fund which will use the underlying index which is the Bharat Bond Index that comprises entirely of CPSEs or government-run central public sector undertakings, so the investment is only going to go in bonds that are issued by the central government.