The Bharat 22 ETF’s new fund offer (NFO) received subscriptions from across the board including mutual funds, foreign portfolio investors, insurance and retirement funds. Photo:New Delhi: Bharat 22 exchange-traded fund (ETF), comprising 22 companies, on Tuesday attracted robust bids with the portion reserved for anchor investors getting subscribed six times to the tune of Rs 12,000 crore on the opening day. ICICI Prudential Mutual Fund managed Bharat 22 ETF’s new fund offer (NFO) has size of over Rs8,000 crore. “The BHARAT 22 ETF is an excellent avenue for investors to participate in some of the best companies with high future grown potential. The first CPSE ETF consisted of scrips of 10 PSUs — ONGC, Coal India, IOC, GAIL (India), Oil India, PFC, Bharat Electronics, REC, Engineers India and Container Corporation of India.

Source: Mint November 14, 2017 15:56 UTC