NEW DELHI: Units of Bharat 22 ETF were trading 4 per cent higher in Tuesday’s trade, bringing smiles to retail bidders, who also got a 3 per cent discount from the government.But what’s next?ETFs trade on the stock exchange platform like a single stock. No separate form is required for buying or selling of ETF units.At Tuesday noon, the ETF was trading at Rs 37.27, 3.61 per cent higher from the issue price.“For micro retail investors, this is an extremely good product. There is high level of confidence in companies like Larsen & Toubro and some of the metal stocks and banks. Redemption of ETF units can also be done directly with the fund.Bharat 22 ETF constituents are expected to report higher earnings in the coming three-five years. The ETF includes frontline stocks such as SBI IOC , Nalco, ONGC NTPC and Bank of Baroda .

Source: Economic Times November 28, 2017 07:21 UTC