A K Capital Services leads race to manage India’s first debt ETF

A.K. Capital may manage India’s first debt ETF

Debt advisory services firm A. K. Capital Services is likely to manage India’s first debt exchange traded fund (ETF) proposed to be set up for PSUs and public sector banks to raise long terms funds from the market. Sources said that A. K. Capital Services has emerged as the front-runner for managing the proposed debt ETF.

The final approval for the appointment would be accorded by the Finance Minister, they said.PTI

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