The Further Fund Offer 2 (FFO 2) of Bharat 22 Exchange-Traded Fund (ETF), was opened to anchor investors on 3 October and other investors (such as individual investors) on 4 October.
About:
Bharat 22 ETF invests in the 22 companies that comprise the S&P BSE Bharat 22 index—19 companies are in the public sector and three in the private sector.
An open-ended ETF, the fund allows investors to invest in a basket of government-owned and private sector entities like NTPC, Power Grid Corporation, ONGC, Indian Oil Company, State Bank of India, Bank of Baroda, L&T, ITC, Axis Bank and BPCL, among others.
The private sector companies have a 39.4% weightage in the index.
The largest sectoral allocation in the Bharat 22 index was towards industrials (22%), followed by finance (21%) and utilities (21%), as of 4 September.
The index has a sectoral cap of 20% and a single stock cap of 15%, which means that some of these exposures will have to be pruned. Rebalancing in the index takes place once a year in March.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
