Lok Sabha Question No. 501 (UNSTARRED), answered on 2018-07-20
Subject: PSUs Fund Bharat-22
Ministry: FINANCE
Asked by: MOHANBHAI KALYANJIBHAI KUNDARIYA

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- (a) The Government of India launched the BHARAT 22 ETF in November 2017.
- (b) to (c) The broad features and benefits of the Scheme are as under:
- (i) Bharat-22 ETF is an exchange traded fund, which tracks an index comprised of 22 stocks of CPSEs, 3 Public Sector Banks and 3 SUUTI holdings in corporate entities.
- (ii) The index has been constructed using the free float market cap methodology together with certain stock and sector caps in order to reduce concentration.

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF INVESTMENTAND PUBLIC ASSET MANAGEMENT

## LOK SABHA UNSTARRED QUESTION NO. 501

TO BE ANSWERED ON zo" July, 2018

Ashadha 29, 1940 (Saka)

## PSU Fund Bharat-22

## 5b1: SHRI KUNDARIYA MOHAN BHAI KALYANJI BHAI:

Jill the Minister of FINANCE be pleased to state:

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- a) whether the Government has launched/proposes to launch a new Public Sector Unit (PSU) fund named Bharat 22;
- b) if so, the details and the salient features thereof;
- c) the objectives and benefits of the said funds; and
- d) the agency that would manage the said fund along the PSUs that would be part of it.

## ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (Shri Pon. Radhakrishnan)

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- (iii) The constituents are well diversified across sectors.
- (iv) A few of the benefits offered by ETFs are low expense ratio, diversification of underlying stocks, trading at real time NAV, transparency in holdings and price, periodic portfolio rebalancing. Government of India has successfully realized Rs. 22,825.26 Crore over two offerings of the Bharat 22 ETF since its launch.

ICICI Prudential AMC Ltd. is the asset manager of the Scheme. The16 PSUs, 3 Public Sector Banks and 3 SUUTI stocks within the ETF are as under:

|   s. No. | Company Name                              |
|----------|-------------------------------------------|
|        1 | Power Grid Corporation of India Limited   |
|        2 | NTPC Limited                              |
|        3 | Oil & Natural Gas COl"Q_oration Limited   |
|        4 | Indian Oil Corporation Limited            |
|        5 | National Aluminum Company Limited         |
|        6 | Bharat Petroleum Corporation Limited      |
|        7 | GAIL (India) Limited                      |
|        8 | Bharat Electronics Limited                |
|        9 | Coal India Limited                        |
|       10 | Engineers India Limited                   |
|       11 | Rural Electrification Corporation Limited |
|       12 | NHPC Limited                              |
|       13 | Power Finance Corporation Limited         |
|       14 | NBCC (India) Limited                      |
|       15 | NLC India Limited                         |
|       16 | SJVN Limited                              |
|       17 | State Bank of India                       |
|       18 | Bank of Baroda                            |
|       19 | Indian Bank                               |
|       20 | Larsen & Toubro Limited                   |
|       21 | ITC Limited                               |
|       22 | Axis Bank Limited                         |