With exchange traded fund (ETF) proving to be an effective disinvestment tool even under not-so-favourable market conditions, the Centre has decided to come out with another tranche (second further fund offer or FFO) of Bharat-22 ETF this fiscal to raise at least Rs 8,000 crore.
It had raised Rs 8,325 crore in the first FFO of Bharat 22 in June 2018. In the maiden offer of the diversified ETF (which invests in 22 stocks including CPSEs, public sector banks and some private blue chip companies), the Centre had raised Rs 14,500 crore in FY18.
