It is a government-backed exchange-traded fund that tracks the Nifty Bharat Bond Index.
Bharat Bond ETF has low risk as it invests in debt instruments of AAA-rated public-sector firms.
It is different from target and fixed-maturity products as it has market makers in the stock exchanges to create liquidity for investors.
It has a strict quality mandate and does not invest in debt instruments other than AAA-rated assets.
It has the lowest expense ratio of 0.0005%.
It has the support of market makers, so liquidity is not a challenge.
One must stay invested for the entire tenure until it matures.