ICICI Prudential Mutual Fund has come out with another opportunity to invest in large-caps through Further Fund Offering (FFO) of BHARAT 22 ETF at a discount of 2.5% on the Government divested shares and enable to have exposure towards the Companies that are closely aligned with the GOI initiatives/reforms.
BHARAT 22 ETF provides diversification benefit through 22 stocks and 6 Sectors.
1 ) FFO BHARAT 22 ETF:-
BHARAT 22 ETF aims to provide returns that closely correspond to the returns provided by S&P BSE Bharat 22 Index, subject to tracking error.
The scheme aims to have:-
- Diversified Exposure to leaders across 6 sectors representing balance between stability and growth
- Companies with attractive Dividend Yield and Reasonable Valuations
- Companies which can benefit from Government Initiatives and Reforms
The above characteristics are in respect of S&P BSE Bharat 22 Index –
S&P BSE Bharat 22 Index:-
The S&P BSE Bharat 22 Index is designed to measure the performance of select companies disinvested by the Central Government of India according to the disinvestment program.
- Weight caps – Stock level cap: 15%; Sector level cap: 20% applied at annual rebalancing
- Additions/ deletions to the index – As per GoI notification on their website.
Summary Of Issue:
| FFO Period | Anchor investors: June 19, 2018 |
| Non-Anchor investors: June 20 – 22, 2018 | |
| Minimum application amount | Anchor investors: |
| RFs*– Rs. 10 crore and in multiples of Re. 1/- thereafter | |
| QIBs* – Rs. 10 crore and in multiples of Re. 1/- thereafter | |
| Non-anchor investors: | |
| RII* – Rs. 5,000 (and in multiples of Re. 1) upto Rs. 2 lacs | |
| RFs* – Rs. 2,00,001 and in multiples of Re. 1/- thereafter | |
| QIBs* – Rs. 2,00,001 and in multiples of Re. 1/- thereafter | |
| NIIs *– Rs. 2,00,001 and in multiples of Re. 1/- thereafter | |
| Cheques/ Demand Drafts, Transfer requests, RTGS and NEFT from Non-Anchor investors | Till the end of business hours upto June 22, 2018 |
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2 ) FOF – ICICI PRUDENTIAL BHARAT 22:-
Non-Demat Holder can participate
In order to allow non-demat holder to participate in India’s Growth Story through BHARAT 22 ETF, ICICI M.F. have launched ICICI Prudential BHARAT 22 FOF.
ICICI Prudential BHARAT 22 FOF will accept application only from Resident Individual. The minimum application amount of Rs. 5000/- and maximum of Rs. 2,00,000.error.
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Download Application Form Bharat 22 ETF
View or Download “Bharat 22 ETF” Description click here
View or Download “Bharat 22 ETF (FFO)” FAQ click here
View or Download “Bharat 22 ETF (FFO)” FAQ click here