BHARAT Bond ETF - April 2030

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 78 (Category Avg - 3.73) | Modified Duration 3.33 Years (Category Avg - 2.23)| Yield to Maturity 6.69% (Category Avg - 6.28%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	9.58%	14.27%
CD	0.00%	0.30%
T-Bills	0.00%	0.00%
NCD & Bonds	86.91%	4.21%
CP	0.00%	0.33%

Category - Index Funds/ETFs

Security Type	% Weight	Category Average
Government Backed	9.58%	14.27%
Low Risk	86.91%	4.84%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Index Funds/ETFs

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	18295.09	7.20%	17.95 Cr
Bond - Govt of India	GOI	Other			15641.95	6.16%	15.30 Cr
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	13276.30	5.23%	12.75 Cr
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	12225.88	4.81%	11.75 Cr
Bond - Hindustan Petroleum Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	9885.14	3.89%	9.75 Cr
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	9204.03	3.62%	9.00 Cr
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	LAAA	ICRA	8720.50	3.43%	8.55 Cr
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	8488.91	3.34%	8.25 Cr
Bond - Hindustan Petroleum Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	8346.92	3.29%	8.17 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	8329.33	3.28%	8.10 Cr
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	7776.79	3.06%	7.52 Cr
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	7499.04	2.95%	7.30 Cr
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	7418.06	2.92%	7.25 Cr
Bond - Mangalore Refinery & Petrochemicals Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	6271.35	2.47%	6.15 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	6164.08	2.43%	6.10 Cr
Bond - Indian Oil Corporation Ltd.	NCD & Bonds	Refineries & marketing	INDAAA	FITCH	5758.61	2.27%	5.60 Cr
Bond - Govt of India	GOI	Other			5580.94	2.20%	5.40 Cr
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	5512.11	2.17%	5.37 Cr
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	4595.27	1.81%	4.50 Cr
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	4433.55	1.75%	4.32 Cr
Bond - Mangalore Refinery & Petrochemicals Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	3969.59	1.56%	3.85 Cr
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	3827.97	1.51%	3.75 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	3802.73	1.50%	3.70 Cr
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	3678.10	1.45%	3.60 Cr
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	3636.57	1.43%	3.55 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	3481.51	1.37%	3.40 Cr
Bond - Govt of India	GOI	Other			3095.53	1.22%	3.00 Cr
Bond - NHPC Ltd.	NCD & Bonds	Power generation	CARE AAA	CARE	2829.61	1.11%	2.70 Cr
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	2822.68	1.11%	2.75 Cr
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	2594.65	1.02%	2.50 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	2511.17	0.99%	2.45 Cr
Bond - Indian Oil Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	2092.92	0.82%	2.05 Cr
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1912.53	0.75%	1.80 Cr
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	1841.12	0.72%	1.75 Cr
Bond - Hindustan Petroleum Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	1798.60	0.71%	1.75 Cr
Bond - Food Corporation of India Ltd.	NCD & Bonds	Other agricultural products	AAA	CRISIL	1793.66	0.71%	1.75 Cr
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1729.95	0.68%	1.65 Cr
Bond - Indian Oil Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	1536.90	0.61%	1.50 Cr
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1530.87	0.60%	1.50 Cr
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	1518.66	0.60%	1.50 Cr
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1484.39	0.58%	1.40 Cr
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1301.82	0.51%	1.25 Cr
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	1258.29	0.50%	1.20 Cr
Bond - NLC India Ltd.	NCD & Bonds	Power generation	LAAA	ICRA	1199.61	0.47%	1.15 Cr
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	1081.40	0.43%	1.05 Cr
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1073.66	0.42%	1.03 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1045.28	0.41%	1.00 Cr
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1016.86	0.40%	1.00 Cr
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	785.80	0.31%	75.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	760.45	0.30%	75.00 L
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	733.81	0.29%	70.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	691.57	0.27%	65.00 L
Bond - NHPC Ltd.	NCD & Bonds	Power generation	INDAAA	FITCH	668.03	0.26%	65.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	584.23	0.23%	55.00 L
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	576.61	0.23%	55.00 L
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	562.59	0.22%	55.00 L
Bond - NHPC Ltd.	NCD & Bonds	Power generation	CARE AAA	CARE	516.39	0.20%	51.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	499.22	0.20%	50.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	422.06	0.17%	40.00 L
Bond - NHPC Ltd.	NCD & Bonds	Power generation	LAAA	ICRA	388.06	0.15%	38.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	366.80	0.14%	35.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	357.98	0.14%	35.00 L
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	316.66	0.12%	30.00 L
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	315.19	0.12%	30.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	272.08	0.11%	25.00 L
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	263.81	0.10%	25.00 L
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	207.59	0.08%	20.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	157.31	0.06%	15.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	INDAAA	FITCH	152.84	0.06%	15.00 L
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	107.56	0.04%	10.00 L
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	107.41	0.04%	10.00 L
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	106.32	0.04%	10.00 L
Bond - NLC India Ltd.	NCD & Bonds	Power generation	LAAA	ICRA	102.10	0.04%	10.00 L
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	52.84	0.02%	5.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	52.52	0.02%	5.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	52.29	0.02%	5.00 L
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	INDAAA	FITCH	51.79	0.02%	5.00 L
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	42.98	0.02%	4.00 L

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	3.44%
TREPS	TREPS	0.07%

BHARAT Bond ETF - April 2030

Portfolio Summary (as on 31st Oct,2025)

Debt holding in Portfolio (as on 31st Oct,2025)

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