Government planning to launch Financial Sector ETF

The government is planning to launch an exchange traded fund (ETF) comprising stocks of public sector banks,insurers and financial institutions this fiscal year,and has invited bids from advisors to explore its feasibility. After the resounding success of CPSE ETF and Bharat-22 ETF,the government is looking at diversifying the ETF basket by including stocks of public

Bharat 22 ETF(Exchange Traded Fund)

An open-ended Exchange Traded fund investing in S&P BSE Bharat 22 Index. (Managed By ICICI Prudential AMC Ltd.) Key Highlights Diversified exposure volatility risk adjusted returns Six sectors (Basic materials,Energy,Finance,FMCG,Industrials and Utilities). Secular growth prospects (FMCG and Utilities)+Cyclical (Energy,Metals,Industrial). Diversification can help reduce volatility and improve risk adjusted returns. Seeking Stability + Growth Mix of