Is it worth investing in Bharat 22 ETF

[nsj001]

There was a report in ET mentioning otherwise.

People who have subscribed - Is this product liquid and how transparent are the prices NAV for your to liquidate your positions?
Also, there are mostly PSU’s with an exception of L&T. None of the Blue Chip PS Banks are in this fund for e.g HDFC and HDFC Bank or Kotak Mahindra Bank.
Not sure if this investment is worth the trouble?

[Bhuvan]

@nsj001

People who have subscribed - Is this product liquid and how transparent are the prices NAV for your to liquidate your positions?

This ETF is fairly liquid compared to other ETFs in general. L&T, ITC and Axis constitute about 40%. This post has all the constituents and their weightages. You’ll have to look at the them and then take a call on investing.

When does the further fund offer (FFO) of Bharat 22 ETF open and how do I apply for it?

The further fund offer (FFO) of the Bharat 22 ETF opens on 20 June and closes on 22 June. A discount of 2.5% will be applicable to all investors. The govt plans to raise Rs.8400 cr from the issue. it has raised Rs.14,500 cr from the NFO in November 2017. This FFO is part of the govt’s plan to raise Rs.80,000 crore in the current FY to meet its disinvestment target. The ETF tracks the S&P BSE Bharat 22 index. Here are the constituents of the index* and weightages. Company name Weightage …

[trader_dude]

@nsj001

Not sure if this investment is worth the trouble?

Let me put it this way. If i had to make a list of top worst and average performers in large cap stocks , this ETF would be it.

I have no idea why anyone would want to hold average or worst performers. Its very clear that govt needs the money badly.