Bharat 22 Open ended ETF after its successful launch made debut on the bourses today at a price higher than the issue price of Rs. 35.97 for a unit. Soon after listing, the fund was seen trading higher by over 3% on the BSE.
The ETF with a scrip code 540787 has been included in the BSE B group of companies.
Huge oversubscription by any NFO ever in the history of the mutual funds, made the government to revise its issue size from the earlier Rs. 8000 crore to 14500 crore.
A well diversified ETF has a cap in respect of both sectoral and individual exposure of 20% and 15% respectively.