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The Union Finance Minister Announces a New Exchange Traded Fund (ETF): “BHARAT 22”
August 5 , 2017
2679 days
2233
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• The Union Finance Minister announced a new Exchange Traded Fund (ETF) by the name BHARAT 22.
• Bharat 22 consists of 22 stocks of CPSE's, PSB's & strategic holding of SUUTI. Compared to energy heavy CPSE ETF, Bharat 22 is a well Diversified portfolio with 6 sectors (Basic Materials, Energy, Finance, FMCG, Industrials& Utilities).
• The Bharat 22 Index will be rebalanced annually. ICICI Prudential AMC will be the ETF Manager and Asia IndexPrivate Limited (JV BSE and S& P Global) will be the Index Provider.
• The Bharat 22 Index will be rebalanced annually. ICICI Prudential AMC will be the ETF Manager and Asia IndexPrivate Limited (JV BSE and S& P Global) will be the Index Provider.
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