The government on Friday announced a new exchange-traded fund (ETF), Bharat-22, which consist of 22 bluechip stocks spread across 6 sectors.
The analyst community has already given a thumbs up to the Bharat-22 exchange traded fund (ETF) as it reflects the confidence of the government in its state-run public sector companies which offers value for money to investors.
The move will help the government to sell its equity stakes in state run firms and also achieve its objective to raise Rs 72,500 crore through disinvestment in FY18.
The pro-growth polices initiated by the Modi-led government changed the inherent profile of PSUs which are now on track to get re-rated. The product is good for investors who have a long term horizon while investing.
