" Launch of Bharat-22-ETF : Go Get It !!! "
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Bharat -22 - ETF (Exchange Traded Fund) It is an Exchange Traded Fund and a NFO (New Fund Offer) from ICICI PRU AMC. It will invest in S&P BSE Bharat 22 index. It is a well-diversified open fund investing in six sectors, namely, Basic Materials (5.13%); Energy (18%); Finance (18.67%); FMCG (14.26%); Industrials (22.52%) and Utilities (20.63%). It is a part of disinvestment program by Govt of India and it comprises of 22 bluechip companies from six diversified sectors. ICICI PRU AMC has been apponted by Govt of India to create, launch amd manage this fund. The appointed fund Manger for this scheme is Mr. Kayzad Eghlim. The portfolio of Bharat-22-ETF comprises of 22 companies from India's Largest Public and Private companies like.......National Aluminium, ONGC, IOC, BPCL, CIL, SBI, Axis Bk, BOB, REC, PFC, Indian Bk, ITC, L&T, BEL, EIL, NBCC, Power Grid, NTPC, GAIL, NHPC, NLC India and SJVN. NFO period for non-anchor investor