Bharat 22 ETF is a passively managed mutual fund scheme, whose portfolio maps the Bharat 22 Index. It is managed by the leading mutual fund investment company- ICICI Prudential Mutual Fund. This scheme attempts to replicate the S&P BSE Bharat 22 Index by buying the same stocks in the same proportion as in the underlying index. Bharat 22 ETF is best-suited for investors who are looking for long-term wealth creation and have a high-risk appetite. Investors seeking liquidity or the capability to easily convert investment into cash are also recommended to consider this scheme.
(Note - All the information contained in this page has been sourced from the official website of ICICI Prudential Asset Management Company.)
The features of Bharat 22 ETF are as under:
Type: Exchange Traded Fund
Underlying: S&P BSE Bharat 22 Index
ISIN: INF109KB15Y7
NSE Symbol & BSE Scrip ID: ICICIB22
Pricing: Approx. 1/100th of underlying Index
Application size - Directly: with AMC 4300 units and multiple thereof
Application size through NSE & BSE: 1 unit and multiple thereof
Authorized Participant:
Entry Load: N.A.
Exit Load: Nil
Source: Official website of ICICI Prudential Asset Management Company
The benefits of opting for Bharat 22 ETF are as follows:
Bharat 22 ETF strives to replicate the S&P BSE Bharat 22 Index by buying the same stocks in the same proportion as they are in the index. It tracks the S&P BSE Bharat 22 Index that constitutes 22 stocks of Public Sector Banks, Central Public Sector Enterprises and strategic holdings of Specified Undertaking of the Unit Trust of India.
The index is devised to track stocks of companies chosen by the Indian government for their divestment program. The weightage of every individual stock is limited to 15% and each sector is capped at 20% of the total index weightage. The index’s constituents can be revised on a yearly basis.
As on 22 Nov 2019
ISIN | Symbol | Security Name | Portfolio Deposit |
---|---|---|---|
INE238A01034 | 532215 | Axis Bank Ltd | 18 |
INE242A01010 | 530965 | Indian Oil Corp Ltd | 49 |
INE018A01030 | 500510 | Larsen & Toubro Ltd | 17 |
INE095N01031 | 534309 | NBCC (India) Ltd | 44 |
INE848E01016 | 533098 | NHPC Ltd | 55 |
INE589A01014 | 513683 | NLC India Ltd | 5 |
INE733E01010 | 532555 | NTPC Ltd | 90 |
INE139A01034 | 532234 | National Aluminium Co Ltd | 136 |
INE213A01029 | 500312 | Oil & Natural Gas Corp Ltd | 61 |
INE134E01011 | 532810 | Power Finance Corp Ltd | 10 |
INE752E01010 | 532898 | Power Grid Corp of India Ltd | 52 |
INE028A01039 | 532134 | Bank of Baroda | 16 |
INE020B01018 | 532955 | Rural Electrification Corp Ltd | 11 |
INE002L01015 | 533206 | SJVN Ltd | 10 |
INE062A01020 | 500112 | State Bank of India | 48 |
INE263A01024 | 500049 | Bharat Electronics Ltd | 40 |
INE029A01011 | 500547 | Bharat Petroleum Corp Ltd | 17 |
INE522F01014 | 533278 | Coal India Ltd | 32 |
INE510A01028 | 532178 | Engineers India Ltd | 13 |
INE129A01019 | 532155 | Gail India Ltd | 49 |
INE154A01025 | 500875 | ITC Ltd | 82 |
INE562A01011 | 532814 | Indian Bank | 1 |