Explanation:

• A new Exchange Traded Fund (ETF) by the name BHARAT 22 was recently launched.

About Bharat 22:

•  Bharat 22 is an ETF that will track the performance of 22 stocks the government plans to pare its stake in. An ETF (exchange traded fund) pools money from investors and channels it into a basket of stocks, mirroring an index and its performance.
• An ETF unit represents a slice of the fund; issued units are listed on exchanges for anyone to buy or sell at the quoted price.
• The Bharat-22 ETF will span six sectors — basic materials, energy, finance, FMCG, industrials and utilities.
•    Besides public sector banks, miners, construction companies, and energy majors, the ETF will also include some of the government’s holdings in SUUTI (Specified Undertaking of Unit Trust of India).
• In fact, the SUUTI heavyweights (L&T, ITC and Axis Bank) have a 40 per cent weight on the index. Other big names in the long roster include SBI, Power Grid, NTPC and ONGC (5 to 9 per cent each). Tail-enders include NALCO, Indian Oil, Coal India, Bharat Electronics, Bank of Baroda, NBCC (India), Indian Bank and SJVN.
•  The Bharat 22 ETF will be managed by ICICI Prudential AMC while Asia Index will be the index provider. The index will be rebalanced annually.
• Read this link and you can expect one question from Bharat 22 this year.
  https://www.financialexpress.com/market/bharat-22-etf-nfo-ipo-opens-how-to-invest-should-you-buy-subscribe-value-for-retail-investors/933764/