Bharat -22 - ETF (Exchange Traded Fund)
- It is an Exchange Traded Fund and a NFO (New Fund Offer) from ICICI PRU AMC.
- It will invest in S&P BSE Bharat 22 index.
- It is a well-diversified open fund investing in six sectors, namely, Basic Materials (5.13%); Energy (18%); Finance (18.67%); FMCG (14.26%); Industrials (22.52%) and Utilities (20.63%).
- It is a part of disinvestment jadwal by Govt of India and it comprises of 22 bluechip companies from six diversified sectors. ICICI PRU AMC has been apponted by Govt of India to create, launch amd manage this fund. The appointed fund Manger for this scheme is Mr. Kayzad Eghlim.
- The portfolio of Bharat-22-ETF comprises of 22 companies from India's Largest Public and Private companies like.......National Aluminium, ONGC, IOC, BPCL, CIL, SBI, Axis Bk, BOB, REC, PFC, Indian Bk, ITC, L&T, BEL, EIL, NBCC, Power Grid, NTPC, GAIL, NHPC, NLC India and SJVN.
- NFO period for non-anchor investor : 15-17 November, 2017; Minimum Investment amount for retail investor : 5000
- Investors having Dmat account can only invest in this ETF.
- Investment can be done online as well as offline.
- Investors will get an additional discount of 3% from Govt of India if investment is done during NFO period.
- Taxation and other rules of this ETF will be same as Equity Mutual fund.
This Fund may be the best choice for investors seeking 'Wealth Creation' through long-term diversified investment jadwal in equity world in a safe way.
Happy Investing !!!
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