What will be the allotment price of Bharat 22 ETF NFO? Will we get it @NAV or at higher price as the s&p bse bharat 22 index ?
Maybe @faisr can help.
You can refer to this post.
As gov raises 14500cr from 8000cr . How this extra 6500cr will be divided into investors? As of now every segment has 25% allotment. Will extra units be allotted proportionally ? Or it will alloted to selected sectors.
Bharat22 set to provide listing gains
With markets bottomed near 10100 and looks to make fresh highs…
It seems that Bharat22 will have 3 day weighted average price coming low.
15th Nov - 36.74
16th Nov - 37.07
17th Nov - 37.24
Average should be near 37.02
After 3% discount it would cost 35.90
Predicting markets making new top in next two weeks, we can forecast price of Bharat22 to be 38.5.
This will give a margin of 6% on listing day to allottees.
At Rs 2 lacs application you get 5550 units and at 38.5 it would give a profit of Rs 14300
@37.25 todays rate = 7500 profit
Or @ 36.75 low rate of few days back = 4600 profit
All the best to those subscribed…
This ETF was meant for making wealth in longer time horizon, why should I sell it at Rs. 14,000 and just have some Biryani for consolation.
Bharat 22 gets allotted in NFO @35.97 with 139units as min allocation (for 5000Rs)
35.97 allotment price
37.48 Fridays closing price
Can anyone explain how the NAV has been arrived @35.97. I feel they have included 150 commission and 18% GST in the NAV.
Did you received any allotment emails from Zerodha?
@IIFLVALSAD great calculation. On the dot, w.r.t the allotment price.
Bharat 22 fully alloted @ Rs 35.97
35.97 is allotment price
I got my units at 35.97 RS NAV’s , but latest NAV value showing as 10 RS… So all are under 72% loss ?
Can someone explain please .
Can you explain how you calculated the NAV?
Note: The ETF lists tomorrow and BHARATIWIN is the symbol. Units have already been credited to your demat accounts and you would have received confirmation messages from CDSL/ICICI AMC. The units will be visible in your holdings tomorrow.
Right but what steps icici will take to mach NAV and Market Price? We got that units for rs 35.97. That’s fine . 4030904767 units alloted @ 35.97. Wich tends to 14500crs.
I am newbie in this field.
Can anyone please let me know why NAV get ~35 and EFT launched?
While in case of NFO, if I bought it on 10/- per unit then regardless how much time it overbooked, unit allocation would be same 10/- unit.
Thank in advance for let me the concept on which it works,