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Bharat-22 ETF gets bids for Rs.12,500 crore so far

Friday, June 22, 2018, 8:37 PM

The second tranche of Bharat-22 ETF was oversubscribed on the final day of offering, with the issue garnering subscription to the tune of Rs.12,500 crore. Through the Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies, the government had targeted to mop up Rs.6,000 crore with a green-shoe option of another Rs.2,400 crore.
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Bharat-22 ETF follow-on offer could be worth Rs 10,000 crore

Tuesday, April 17, 2018, 2:57 PM

The Finance Ministry may come out with an Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange-traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm. Besides, the ministry is keen to take the ETF route to sell off government shares held through SUUTI in private companies ITC, Axis Bank, and L&T, an official told.
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Why invest in Bharat 22 ETF?

Monday, November 13, 2017, 6:32 PM

If you or retail investors invest in Bharat 22 ETF during the NFO period, you get a 3% discount. About 16 of the 22 Companies in the Bharat 22 ETF are Maharatna, Miniratna-I and Navratna companies. ICICI Prudential AMC will manage the ETF. Asia Index will be the index provider. Bharat 22 ETF will be rebalanced annually.

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