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The Division of Funding and Public Asset Administration (DIPAM) on Friday issued an RFP for appointing an advisor/marketing consultant with expertise and experience in advising or who has been concerned in a related capability within the launch of an ETF/Debt ETF /Debt MF/ index linked fund/company bonds issuances.
Service provider bankers/funding bankers/consulting companies/monetary establishments; both individually or as a consortium; can bid to behave because the advisor/marketing consultant.
The advisor will analyse, help and advise on the potential monetisation of the debt of the choose CPSEs by means of market-oriented devices.
The final date for placing in bids is December 26.
“The Advisor will probably be required to advise and work with the federal government in all facets for the launch of latest providing and managing/rebalancing of present Bharat Bond ETF,” DIPAM mentioned within the RFP. The advisor would monitor and submit a half-yearly report on the important thing statistics of the prevailing ETF product. Asset Underneath Administration (AUM) of the ETF has considerably grown from round Rs 12,000 crore on the time of launch in 2019 to greater than Rs 50,000 crore until date, DIPAM mentioned within the RFP.
The maiden providing of Bharat Bond ETF was launched in 2019, serving to central public sector enterprises elevate Rs 12,400 crore. Within the second and third tranches, issued in 2020 and 2021, it had raised Rs 11,000 crore and Rs 6,200 crore, respectively. Within the fourth tranche in 2022, the ETF raised Rs 2,800 crore.
Cumulatively, the ETF has raised Rs 33,400 crore in its 4 choices thus far.
To this point, Bharat Bond ETFs have been launched with six maturity dates in 2023, 2025, 2030, 2031, 2032 and 2033.
