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ICICI Prudential Asset Management Company (AMC), will be launching Bharat 22 ETF, an open ended exchange traded fund on November 15 for subscription and will be closing it on November 17.
The scheme will be investing in the constituents of S&P BSE Bharat 22 Index. The new Bharat 22 ETF comprises of shares of 22 public sector companies.
Bharat 22, includes shares of companies from 6 sectors–basic materials, energy, finance, FMCG, industries and utilities and state-owned companies like ONGC, Coal India, NTPC, State Bank of India, and private companies ITC and L&T.
