NEW DELHI: Bharat Bond Exchange Traded Funds, a central government initiative, have crossed the Rs 50,000 crore asset under management mark in just two-and-a-half years, Edelweiss Mutual Fund said on Wednesday. The fund house manages Bharat Bond Exchange Traded Funds (ETFs). The overall passive debt category has crossed Rs 1.15 lakh cr mark at the industry level this growth was kick-started by the launch of the first tranche of the Bharat Bond ETF in December 2019, as per a statement. So far, five tranches of Bharat Bond ETFs have been launched.

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