Government launches Bharat-22 ETF
The government announced a new exchange-traded fund (ETF), Bharat-22, that’s expected to speed up Centre's disinvestment programme and bring it closer to the ambitious target of Rs 72,500 cr for 2017-18. This ETF will contain 22 companies, or investments from central PSUs, PSBs and strategic holdings in the Specified Undertaking of UTI (SUUTI). Bharat-22 will have a diversified mix of stocks from 6 sectors.