BlackRock Inc plans to up bet in India’s $500 billion pool of government bonds through ETFs

BlackRock Inc, the world’s largest fund manager, is reportedly planning to up its bet in India’s $500 billion pool of government bonds through its recently launched exchange traded funds (ETFs).

These bonds are available under the Fully Accessible Route (FAR). In March 2020, the Reserve Bank of India (RBI) introduced this new category of government securities where there is no restrictions on foreign ownership.