About Bharat 22 ETF
Click here to apply.
The S&P BSE Bharat 22 index will comprise of the following 22 stocks comprising of PSU and SUTTI holdings. The ETF will be based on this index and will be managed by ICICI Prudential. This is part of the government’s overall disinvestment program. There will be a sectoral cap of 22% and individual stock cap 15%.
| Company name | Weightage |
|---|---|
| Larsen & Toubro Ltd | 16.49% |
| ITC Ltd | 15.26% |
| Power Grid Corp of India Ltd | 7.85% |
| State Bank of India | 7.76% |
| Axis Bank Ltd | 7.53% |
| NTPC Ltd | 6.98% |
| Indian Oil Corp Ltd | 5.56% |
| Oil & Natural Gas Corp Ltd | 5.00% |
| Bharat Petroleum Corp Ltd | 4.98% |
| National Aluminium Co Ltd | 4.63% |
| Gail India Ltd | 3.76% |
| Bharat Electronics Ltd | 3.61% |
| Coal India Ltd | 3.20% |
| Engineers India Ltd | 1.47% |
| Rural Electrification Corp Ltd | 1.27% |
| Bank of Baroda | 1.20% |
| NHPC Ltd | 1.14% |
| Power Finance Corp Ltd | 0.97% |
| NBCC (India) Ltd | 0.64% |
| NLC India Ltd | 0.26% |
| SJVN Ltd | 0.22% |
| Indian Bank | 0.22% |
| Sector | Weightage |
|---|---|
| Industrials | 22.60% |
| Finance | 20.30% |
| Utilities | 20% |
| Energy | 17.50% |
| FMCG | 15.20% |
| Basic Materials | 4.40% |
The issue size is about Rs 8000 crores and will open on November 15th and close on November 17th.
Minimum investment will be Rs 5000 and in multiples of Rs 1 thereafter up to Rs 2 lakh.
No entry and exit loads.
Expense ratio - 0.0095% for three years.
Issue details
NFO opens on November 15th and closes on 17th.The minimum application amount of Rs. 5,000 and in multiples of Re. 1 thereafter up to Rs 2 lakh. A discount of 3% will be applicable to all investors. Discount is calculated on Reference Market Price.
The Reference Market Price is determined based on the average of full day volume weighted average price on BSE Ltd during the Non-Anchor Investor NFO Period for each of the underlying index constituents. Chck this post for more
How to apply?
Click here to apply.
When will the units be allotted?
The allotment will happen within in 5 business from the date of the issue closing.
How will I come to know about the allotment?
You will receive an SMS/Email from the depositories (CDSL/NSDL).