Bharat Bond ETF - April 2031, managed by Edelweiss Asset Management Limited, is an open-ended passive scheme aiming to track the Nifty BHARAT Bond Index by investing in AAA-rated bonds.

The fund employs a replication strategy targeting the Nifty BHARAT Bond Index - April 2031, focusing on bonds issued by AAA-rated CPSEs, CPSUs, CPFIs, and government organizations, subject to tracking errors.

The portfolio exhibits significant concentration in Non-Convertible Debentures at 93.07%, with top holdings including IRFC and NABARD, highlighting potential risks associated with limited diversification.

Performance metrics reveal a robust 1Y return of +8.5% and a 3Y CAGR of +8.4%, showcasing consistent growth against the benchmark, despite a tracking error of 1.21%.

With an AUM of ₹13,163.5 Cr and a low expense ratio of 0.01%, the fund maintains operational efficiency, managed by experienced professionals since 2020 and 2021, respectively.