Exchange-traded funds Current Affairs, GK & News

Second tranche of Bharat-22 ETF oversubscribed, receives bids worth Rs 15,436 crore

The second tranche of Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies, has received bids worth Rs. 15,436 crore, much higher than government’s fund raising target. The second tranche was targeted to achieve fund mop up of Rs 6,000 crore with green-shoe option for another Rs. 2,400 crore. Key Facts At the end ..



Equity Exchange-Traded Funds

Equity Exchange Traded Funds (ETFs) are simple investment products that combine the flexibility of stock investment and the simplicity of equity mutual funds. ETFs trade on the cash market of the National Stock Exchange, like any other company stock, and can be bought and sold continuously at market prices. Equity ETFs are passive investment instruments ..


Bharat 22

The Union Government launched BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential Mutual Fund targeting an initial amount of about Rs. 8,000 cr Bharat 22 Index comprise of 22 stocks including those of central public sector enterprises (CPSEs), public sector banks (PSBs) and its holdings under the Specified Undertaking of Unit Trust of India ..