News From Press 35 ICICI Prudential Mutual Fund schemes invest Rs 25 bn in Bharat-22 ETF

35 ICICI Prudential Mutual Fund schemes invest Rs 25 bn in Bharat-22 ETF

Source: Business Standard Jul 24, 2018

Several actively managed funds of ICICI Prudential Mutual Fund (MF) have exposure to the Bharat-22 exchange traded fund (ETF). In November 2017, when the ETF was launched, the 35 schemes offered by the fund house had invested a cumulative Rs 25 billion in the ETF. This accounted for 27 per cent of the ETF’s closing AUM for November.

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