Wednesday, February 13, 2019

Bharat 22 ETF Dates, Review, Price Band & Market Lot Details (February 2019)

 Wednesday, February 13, 2019  
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Bharat 22 ETF (3rd tranche) to hit the market on February 14, 2019. Bharat 22 ETF (Exchange Traded Fund) to raise 3500 crore. The Bharat ETF to remain for sale for 1 day in retail and institutional investors. The Bharat ETF sale will help government to meet the target of 80000 crore disinvestment target this year. The Government raised around 22900 crore from Bharat ETF till now. Total of 14500 crore raised in November 2017 and 8500 crore in June 2018.

Bharat 22 ETF includes 22 scripts of public sector units, banks and other entities. Bharat-22 scripts are ONGC, IOC, SBI, BPCL, Coal India, Nalco, Bharat Electronics, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, PGCIL, NLC India, SBI, Indian Bank, Bank of Baroda, Axis Bank, ITC, L&T. Bharat-22 is managed by ICICI Prudential AMC.

Bharat 22 ETF Review:
  • Good for Short Term and Long Term
Bharat 22 ETF Dates & Price Band:
  • IPO Open: 14-February-2019
  • IPO Close: 14-February-2019
  • IPO Size: Approx Rs. 3500 Crore (Approx)
  • Discount: *5% discount is applicable to Retail, HNI & Institutional Investors.
  • Type: Exchange Traded Fund
  • Underlying: S&P BSE Bharat 22 Index
  • ISIN: INF109KB15Y7
  • Symbol: ICICIB22
Bharat 22 ETF Market Lot:
  • Retail Application: Minimum Rs.5,000 & Maximum Rs.2,00,000
  • Retirement Funds Application: Minimum Rs.2,00,001 & Then after multiple of Rs.1
  • Other Application: Minimum Rs.2,00,001 & Then after multiple of Rs.1
    How to Apply Bharat 22 ETF:
    As per above given details select your categories and Apply for Bharat 22 ETF 3rd tranche in your Demat Account.

    1. Check with your Brokerage Firms about the Bharat ETF Details
    2. Deposit the said amount as per your investment and share the details with Brokerage Firms
    3. Get 5% Discount on your investment
    4. Deposit the amount (Amount-Discount)
    5. Payments can be done by Cheque, Demand Draft or Bank Transfer (RTGS, IMPS, Cash Deposit) in Brokerage Firms Bank Accounts.

    Bharat 22 ETF Details:
    Click Here

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