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The ETF will invest in 22 stocks from CPSE, SUUTI and PSU Banks listed on BSE of which 19 will be public sector companies LATEST NEWS  : The 'Bharat 22' Exchange Traded Fund (ETF) is all set to open for anchor investors on November 14, while subscription for retail investors would begin from November 15 and continue till November 17. The ETF is expected to mop up over Rs 8,000 crore for the government, helping the government meet its ambitious Rs 72,500 crore disinvestment target for the current fiscal. The ETF will invest in 22 stocks from CPSE, SUUTI and PSU Banks listed on BSE of which 19 will be public sector companies. The first CPSE (Central Public Sector Enterprises) ETF, which was launched in March 2014 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. The government has raised Rs 8,500 Cr through CPSE ETF route last fiscal. All you...

ETF to have CPSEs, public sector banks and strategic holding SUUTI LATEST NEWS : Centre has set up a new exchange-traded fund Bharat-22 to sell government stakes in 22 firms under its asset sale programme, Finance Minister Arun Jaitley told reporters on Friday. Bharat-22 ETF will consist of the government’s holding in SUUTI, CPSE ETF and PSU banks. It will cover six sectors. The ETF will include 22 companies. Jaitley said that the ETF will have a single company cap of 15 per cent, and a sectoral cap of 22 per cent. It will feature four banking stocks -- SBI, Axis Bank, Bank of Baroda and Indian Bank -- other than CPSEs such as Nalco, ONGC, IOC, BPCL and Coal India. Besides, there will be nine other PSUs as well as REC and PFC. SUUTI's holding in ITC has also been included. Ninety per cent of the equities included are traded in futures. ICICI Prudential is the fund manager. READ THIS : Jab Harry Met Sejal review: A big disappointment for Shah ...