Looking at ways to enhance your business & career? Log onto streetsahead.in to upgrade yourself!
News From Press NFO review: ICICI Prudential Bharat 22 ETF

NFO review: ICICI Prudential Bharat 22 ETF

Source: ET Nov 14, 2017

ICICI Prudential AMC has launched Bharat 22 ETF, an open-ended exchange traded fund, that will invest in S&P BSE BHARAT 22 index. The ETF is a part of government's Rs 72,500-crore disinvestment program. The ETF aims to bring Rs 8,000 crore to the government.

NFO window is open for anchor investor from today. It will be open to retail investors from tomorrow.

Where will the ETF invest?

The fund aims to replicate the S&P BSE Bharat 22 Index, which will invest in 22 stocks in CPSE universe, stakes held under the Specified Undertaking of the Unit Trust of India (SUUTI) and Public Sector Banks (PSBs), mostly largecap companies across six sectors.

Click here to read more>>

Click to clap
0 Comment
Be the first to comment.
Wish to stay on top of your game? Get daily tips, ideas and articles to grow your business.
Subscribe to Cafemutual Newsletter.