BHARAT Bond ETF - April 2032

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 30 (Category Avg - 3.75) | Modified Duration 4.77 Years (Category Avg - 2.23)| Yield to Maturity 6.90% (Category Avg - 6.31%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	5.96%	14.22%
CD	0.00%	0.30%
T-Bills	0.00%	0.03%
NCD & Bonds	89.72%	4.33%
CP	0.00%	0.33%

Category - Index Funds/ETFs

Security Type	% Weight	Category Average
Government Backed	5.96%	14.25%
Low Risk	89.72%	4.96%
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 - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	14896.81	13.79%	14.95 Cr
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	12322.46	11.41%	12.35 Cr
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	9156.11	8.48%	9.20 Cr
Bond - Mangalore Refinery & Petrochemicals Ltd.	NCD & Bonds	Refineries & marketing	CARE AAA	CARE	8560.86	7.93%	8.37 Cr
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	8170.23	7.56%	8.20 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	7473.58	6.92%	7.50 Cr
Bond - Govt of India	GOI	Other			6440.15	5.96%	6.41 Cr
Bond - Indian Oil Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	5302.29	4.91%	5.05 Cr
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	4959.24	4.59%	5.00 Cr
Bond - Hindustan Petroleum Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	4152.50	3.84%	3.95 Cr
Bond - NLC India Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	3779.53	3.50%	3.80 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	2915.70	2.70%	2.90 Cr
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	2605.38	2.41%	2.50 Cr
Bond - National Housing Bank	NCD & Bonds	Financial institution	CARE AAA	CARE	2334.28	2.16%	2.30 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1907.37	1.77%	1.90 Cr
Bond - National Housing Bank	NCD & Bonds	Financial institution	CARE AAA	CARE	1273.39	1.18%	1.25 Cr
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	1097.91	1.02%	1.10 Cr
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1021.56	0.95%	1.00 Cr
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	953.11	0.88%	90.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	795.60	0.74%	77.00 L
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	639.87	0.59%	60.00 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	634.01	0.59%	60.00 L
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	583.83	0.54%	55.00 L
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	477.25	0.44%	45.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	358.47	0.33%	35.00 L
Bond - NHPC Ltd.	NCD & Bonds	Power generation	CARE AAA	CARE	159.06	0.15%	15.00 L
Bond - NHPC Ltd.	NCD & Bonds	Power generation	CARE AAA	CARE	106.36	0.10%	10.00 L
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	103.68	0.10%	10.00 L
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	101.15	0.09%	10.00 L
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	51.33	0.05%	5.00 L