Government Launched Bharat 22 ETF

The government launched the ‘Bharat 22’ exchange traded fund (ETF) managed by ICICI Prudential Mutual Fund, targeting an initial amount of about Rs8,000 crore.

The ETF is part of the government’s overall disinvestment programme and mirrors the S&P BSE Bharat 22 Index, which comprises select companies from the CPSE (central public sector enterprises) universe, stakes held under the Specified Undertaking of the Unit Trust of India (SUUTI), and state-run banks.
News In-a-Line:
Government launched- ‘Bharat 22’ exchange traded fund (ETF)- managed by ICICI Prudential Mutual Fund- targeting an initial amount of about Rs8,000 crore.

Source- Firstpost