Moneycontrol
Nov 16, 2017 03:35 PM IST | Source: CNBC-TV18

Bharat 22 ETF: Here's all you need to know

In Your Stocks special, Nimesh Shah, MD & CEO of ICICI Prudential answers all the viewer queries related to Bharat 22 ETF.

CNBC TV18 @moneycontrolcom

Bharat 22 ETF has been set up by the government as a tool to achieve their disinvestment target for fiscal year 2017-18. Bharat 22 represents six core sectors, namely major industries. which carries highest weightage of 22.52 percent, followed by utilities at 20.63 percent, finance at 18.67 percent, energy at 18 percent, FMCG at 14.26 percent, and basic materials at 5.13 percent.

The scheme tracks the S&P BSE Bharat 22 index that comprises a total of 22 stocks from the universe of central public sector enterprises, public sector undertakings, public sector banks, and companies with stakes held under SUUTI. It has been subscribed 6x by anchor investors and is open for retail up to tomorrow.

In Your Stocks special, Nimesh Shah, MD & CEO of ICICI Prudential answers all the viewer queries related to Bharat 22 ETF.

Watch video for more...
Sections
Follow us on
Available On