What Is Bharat 22 Index ETF?

By Roshni Agarwal
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Bharat 22 Index ETF is another stake sale being planned and approved by the government and it is tentatively being referred to as Bharat 22 Index ETF. More clarity shall be made after its launch in the next month. ICICI Prudential AMC is manager of the ETF and upon approval by the SEBI, the company will launch the scheme.

    What Is Bharat 22 Index ETF?

    B22E In Detail

    The ETF shall invest the entire corpus in all of the stocks that include both public as well as private sector companies and in proportion that constitutes the index devised for the purpose, S&P BSE Bharat 22 index. Interesting the proportion allotted to a scrip in the new ETF is 15% while for a sector is 20%.

    Also, through the ETF, government is planning a stake-sale in three private entities namely, Axis Bank Ltd, ITC Ltd. and Larsen & Toubro Ltd.

    The expense ratio of the B22E is said to be one basis points.


    Through the stake sale, government wants to raise funds for its various infra projects together with different welfare programmes.

    How good is the offer for a retail investor?

    Bharat 22 Index ETF is supposedly not a good bet for retail investor as it is concentrated in respect of the stocks. Also, not much can be stated before its final launch. So it is better you as a potential investor adopt a wait and watch outlook on the new scheme.


    Story first published: Wednesday, September 20, 2017, 12:38 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more