Edelweiss AMC wins the government’s debt ETF mandate

Edelweiss Asset Management has been appointed as the asset manager for the proposed debt Exchange Traded Fund (Debt ETF) catering to the borrowing needs of CPSEs and other public sector entities.

The Department of Investment and Public Asset Management had invited proposals for creating, managing and launching the debt exchange-traded fund. Edelweiss Asset Management has won the mandate and will launch the Debt ETF in the coming months. The Debt ETF shall be a one of its kind product that could be a better alternative to fixed deposits and other traditional small saving investments.

"We are very excited about this opportunity to launch India’s maiden Debt ETF focused on CPSEs and PSUs. Our endeavour is to launch an innovative product that will help retail and institutional investors increase their participation in the bond market, particularly retail investors whose participation is relatively small in Debt Mutual Funds. Our focus will be to bring to market a product that is easy to understand, has the liquidity of ETFs and is tax efficient," says Radhika Gupta, CEO, Edelweiss Asset Management.


The Debt ETF mandate is an important step in expanding and scaling the fixed income business of the AMC.

Edelweiss has an asset base of Rs 55,800 crore, as on December 31. The group had a revenue of Rs 8,623 crore and PAT of Rs890 crore for FY18.