The Further Fund Offer 2 (FFO 2) of Bharat 22 Exchange-Traded Fund (ETF), which is part of the government’s divestment programme, will shortly open for subscription for anchor investors and for non-anchor investors.

• Exchange Traded Funds (ETFs) are mutual funds listed and traded on stock exchanges like shares.
• Index ETFs are created by institutional investors swapping shares in an index basket, for units in the fund.
• Usually, ETFs are passive funds where the fund manager doesn’t select stocks on your behalf. Instead, the ETF simply copies an index and endeavours to accurately reflect its performance.
• In an ETF, one can buy and sell units at prevailing market price on a real time basis during market hours.

BHARAT 22-

• Bharat 22 consists of 22 stocks of CPSE’s, PSB’s & strategic holding of SUUTI. Bharat 22 is a well Diversified portfolio with 6 sectors (Basic Materials, Energy, Finance, FMCG, Industrials & Utilities).
• ICICI Prudential AMC will be the ETF Manager and Asia Index Private Limited (JV BSE and S& P Global) will be the Index Provider.