BHARAT 22 ETF - Latest NAV, Returns, Performance & Portfolio

BHARAT 22 ETF

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    -1.66%
  • highlight
    (--0.26)35.1521

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Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years--
1 Year-1.66%
6 Months-6.64%
Fund Details
ISININF109KB15Y7
RiskHigh Risk
Fund TypeLarge-Cap
NAV35.1521
Exit Load--

More about this fundstar

Top HoldingsWeightage
Larsen & Toubro Ltd16.68%
ITC Ltd14.14%
State Bank of India9.2%
Axis Bank Ltd8.44%
NTPC Ltd7.74%
Power Grid Corp Of India Ltd7.45%
Oil & Natural Gas Corp Ltd5.26%
GAIL (India) Ltd4.47%
Bharat Petroleum Corp Ltd4.33%
Indian Oil Corp Ltd4.22%

About Bharat 22 ETF

The Scheme is an open-ended exchange traded fund which invests in similar composition and weightages as they appear in S&P BSE Bharat 22 Index. The index is comprised of 22 stocks of Central Public Sector Enterprises (“CPSE”), Public Sector Banks and private entities which are Strategic Holding of Specified Undertaking of Unit Trust of India (“SUUTI”). These 22 stocks are invested across six sectors (Basic Materials, Energy, Finance, FMCG, Industrials and Utilities). The government of India appointed ICICI Prudential AMC to incorporate, launch and manage Bharat 22 ETF.

Pros & Cons of Bharat 22 ETF

The historical data reveals that ETF has outperformed the S&P BSE Index and Nifty 50 on risk adjusted basis over 5-year and 10-year horizon. The taxation treatment of Scheme is in line with other equity mutual fund schemes. Short-term capital gain is taxed at 15%. Long-term capital gains are taxed at 10% (only if the gains exceed Rs 1 lakh).

Fund Information and Statistics of Axis Bluechip Fund

i) Inception / Launch date

The foundation of Bharat 22 ETF was laid by government in the Union Budget 2017 as a vehicle to achieve its divestment target and was launched on 17 November 2017. It’s New Fund Offer in November, 2017 was oversubscribed with 3.35 lakh applications, amounting to Rs 32,000 crore.

ii) Risk level

The Scheme is intended for investors who are seeking long-term capital appreciation through a diversified portfolio which is largely comprised of high-quality public sector undertakings.

iii) Redemption

The units of Bharat 22 ETF is listed on BSE and NSE and thus can be freely traded on the stock exchange like equity shares. Alternatively, redemption requests can be sent to the Fund House directly.

iv) Fund Manager

The Scheme is currently managed by Mr. Kayzad Eghlim who is managing the Scheme since inception. Mr. Eghlim is a B.Com (H) and M Com. Prior to ICICI Prudential AMC position, he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canbank Mutual Fund.

v) Entry / Exit load

There is no entry or exit load applicable for subscriptions and redemptions.

About Reliance Mutual Fund

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential Plc. Prudential Plc is one of the largest players in UK financial services sector. The fund house offers investment options such as diversified to sector specific equity schemes, balanced and fixed income funds. Mr. Nimesh Shah is MD & CEO of the Fund House.

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High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns