Bharat 22 exchange Traded Fund (ETF), comprising 22 corporations, made a modest debut on the bourses on Tuesday, surging almost 4 in line with cent over the difficulty rate of Rs 35.97
The ETF indexed at Rs 36.30 in step with unit on BSE, up 0.92 in step with cent over the issue fee of Rs 35.97. in the intraday trade, it had touched a high of Rs 37.38 and a low of Rs 36.30. It closed the session at Rs 37.33, up 3.78 in step with cent.
On national stock exchange (NSE), the fund settled 3.7 in step with cent better at Rs 37.30. It had opened at Rs 36.11 and hit a excessive of Rs 37.40 in the intraday change.
Bharat 22 ETF, managed by way of ICICI Prudential Mutual Fund , is a unique blend of stocks of key CPSEs, Public quarter Banks (PSBs) and also the authorities-owned stocks in blue chip private agencies like Larsen & Toubro (L&T), Axis bank and ITC.
The government raised Rs 14,500 crore thru Bharat 22 ETF, which opened for subscription for retail buyers from November 15-17.
It had an initial difficulty size of Rs 8,000 crore. Bharat 22 ETF noticed bids of almost Rs 32,000 crore coming in, with overseas portfolio buyers bidding for one third of the money. The component reserved for retail investors was subscribed 1.45 times; retirement budget - 1.50 instances and NIIs and QIBs - 7 instances.
The ETF will assist the government meet its bold Rs 72,500 crore disinvestment goal for the continuing monetary financial year.
Bharat 22 index has a diversified representation in six BSE sectors -- industrials, finance, utilities, electricity, rapid- shifting customer items and fundamental substances.
The country-owned businesses or PSUs that are a part of the new Bharat 22 ETF consist of ONGC, IOC, SBI, BPCL, Coal India and Nalco.
Besides, Bharat Electronics, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, PGCIL NLC India, Indian financial institution and financial institution of Baroda discern in the ETF.
The ETF indexed at Rs 36.30 in step with unit on BSE, up 0.92 in step with cent over the issue fee of Rs 35.97. in the intraday trade, it had touched a high of Rs 37.38 and a low of Rs 36.30. It closed the session at Rs 37.33, up 3.78 in step with cent.
On national stock exchange (NSE), the fund settled 3.7 in step with cent better at Rs 37.30. It had opened at Rs 36.11 and hit a excessive of Rs 37.40 in the intraday change.
Bharat 22 ETF, managed by way of ICICI Prudential Mutual Fund , is a unique blend of stocks of key CPSEs, Public quarter Banks (PSBs) and also the authorities-owned stocks in blue chip private agencies like Larsen & Toubro (L&T), Axis bank and ITC.
The government raised Rs 14,500 crore thru Bharat 22 ETF, which opened for subscription for retail buyers from November 15-17.
The ETF will assist the government meet its bold Rs 72,500 crore disinvestment goal for the continuing monetary financial year.
Bharat 22 index has a diversified representation in six BSE sectors -- industrials, finance, utilities, electricity, rapid- shifting customer items and fundamental substances.
The country-owned businesses or PSUs that are a part of the new Bharat 22 ETF consist of ONGC, IOC, SBI, BPCL, Coal India and Nalco.
Besides, Bharat Electronics, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, PGCIL NLC India, Indian financial institution and financial institution of Baroda discern in the ETF.
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