Government Raised Rs.10000 Crore From Bharat-22 ETF Offering

The government of India gets Rs.10000 crore from Bharat-22 Exchange Traded Fund (ETF) by additional offering. The government has absorbed approximately Rs.46000 crore by way of disinvestment with the successful offering of Bharat-22 ETF.

Bharat-22 is an Exchange Traded Fund ( ETF) which will closely track the performance of Bharat-22 index. It was launched by Government of India in November 2017. ICICI Prudential Mutual Fund AMC will manage the fund.

Source: Financial Express

Static/Current Takeaways Important For NIACL AO Mains Exam:

  • ICICI Prudential Mutual Fund Headquarters: Mumbai, MD and CEO: Nimesh Shah.

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