BHARAT 22 ETF

Bharat-22 Exchange Traded Fund (ETF) consists of 22 blue chip stocks including public sector companies where Govt of India has minority stake. Bharat-22 ETF is the second ETF from Govt. of India after CPSE ETF What is Exchange Traded Fund (ETF) ?In simple terms, ETF is an exchange-traded fund (ETF) which comprises of specific stocks.  If stock prices go up or down, ETF NAV would also fluctuates. It simply reflects the underlying stocks of the ETF. Bharat-22 ETF Index consists of diversified portfolio of 22 Blue Chip Stocks. This ETF consists of state owned companies like ONGC, IOC, SBI etc. This ETF also consists of companies where Govt of India includes partial stakes like Axis Bank, ITC, Larsen and Toubro etc. This ETF also consists of blue chip stocks owned by Govt. of India through its holdings through Specified Undertakings of the Unit Trust of India (SUUTI). Bharat ETF would span across 6 sectors and consists of 22 stocks. This ETF cannot invest more than 20% in single sector. Also this ETF cannot invest more than 15% in one particular stock. Bharat 22 ETF Index consists of the following stocks along with the weightage(1) Basic Materials segment – Total of 4.4%National Aluminium Co Ltd  (NALCO): 4.4%(2) Energy Segment – Total of 17.5%Oil & Natural Gas Corp Ltd: 5.3%Indian Oil Corp Ltd: 4.4%BPCL: 4.4%Coal India Ltd: 3.3%(3) Banking and Financial Segment – Total of 20.3%SBI (State Bank of India): 8.6%Axis Bank (through SUUTI): 7.7%Bank of Baroda: 1.4%Indian Bank: 0.2%REC (Rural Electrification Corp): 1.3%PFC (Power Finance Corp): 1%(4) FMCG Segment – Total of 15.2%ITC (through SUUTI): 15.2%(5) Industrial Segment – (Total of 22.6%)L & T Ltd: 17.1%Bharat Electronics Ltd: 3.3%Engineers India Ltd: 1.5%NBCC (India) Ltd: 0.6%(6) Utilities Segment – Total of 20%Power Grid Corporation: 7.9%NTPC Ltd: 6.7%Gail India Ltd: 3.7%NHPC Ltd: 1.2%NLC India Ltd: 0.3%SJVN Ltd: 0.2%