The high returns and the safety that the new ETF offers with the discount for all investor categories in the NFO has saw overwhelming response and the investment got encouraging 4 times oversubscription.
In line of it, the government has increased the issuance size to Rs. 14500 crore as against the earlier size of through which aimed at divesting the state the underlying 22 companies.
Few of the reasons why Bharat 22 ETF is a good bet, read here about it.
Also, the expense ratio of the lowest that equals to just 0.0095%, investors are sure to earn good deal and experts cite the returns to be higher than the benchmark indices, Sensex and Nifty.
With the underlying Bharat 22 index, the ETF tracks as many as 22 companies of which majorly comprise the PSU companies and the rest are private sector companies in which the government hold stakes as SUUTI.
The subscription for the ETF commenced on November 15. It is exemplary that the Bharat 22 ETF NFO received the highest subscription ever in the history of mutual funds.