Second tranche of debt-based ETF within this quarter says Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Sunday said second tranche of debt-based exchange traded fund (ETF) is likely in the current quarter.

Sitharaman in her second budget on Saturday proposed to deepen the bond market and announced floating of a new debt ETF comprising primarily of government securities. The first bond ETF launched recently was a great success.

"Debt-based exchange traded fund (ETF) recently put out by the government was a big success. Government proposes to extend this by floating a new debt ETF consisting primarily of government securities.

This will give retail investor access to government security as much as giving an attractive investment for pension funds and long-term investors," she had said on Saturday.

On Sunday, she said the second tranche of Bond ETF is likely within the current quarter.