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News From Press Why Bharat 22 ETF is not a good investment option

Why Bharat 22 ETF is not a good investment option

Source: The Economic Times Jun 18, 2018

ICICI Prudential Mutual Fund has come out with a further fund offer (FFO) for Bharat 22 ETF. This FFO will be open between 19 and 22 June. Just like its earlier new fund offer (NFO), the FFO seeks to meet the central government’s divestment target. To draw retail investors, it is offering an upfront discount of 2.5%—the NFO offered 3% discount. Bharat 22 ETF’s other attractive features include low expense ratio of just 1 basis point, making it India’s cheapest ETF and high dividend yield of 2.6% ..

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