Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
CGST - Acts + GST Rates GST Ntf. GST Forms GST - Manual GST - FAQ State GST Acts SGST Ntf. I. Tax Manual
Extracts
Home List
← Previous Next →

The Finance Minister, Shri Arun Jaitley Announces a New Exchange Traded Fund (ETF) by the Name “BHARAT 22”

News and Press Release - Dated:- 4-8-2017 - The Union Finance Minister Shri Arun Jaitley announced here today a new Exchange Traded Fund (ETF) by the name BHARAT 22. Bharat 22 consists of 22 stocks of CPSE's, PSB's & strategic holding of SUUTI (list as in Annexure). Compared to energy heavy CPSE ETF, Bharat 22 is a well Diversified portfolio with 6 sectors (Basic Materials, Energy, Finance, FMCG, Industrials & Utilities). The Bharat 22 Index will be rebalanced annually. ICICI Pru .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ally ETF Assets have grown significantly. Globally today there are 4 trillion dollar worth Assets Under Management (AUM). These are expected to touch $7 trillion by 2021. Large Investors (Sovereign/Pension Funds) prefer investing in ETFs due to the benefits of ETF being Low cost & Less risky; being Highly Liquid assets; Transparent Investment and that these can be traded at Real Time Market Price Highlights of Growth of ETF market in India include: · Flexibility in Investment guidelin .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

asic Industry Weight (%) 1 National Aluminium Co Ltd Basic Materials 4.4 Total - Basic Materials (%) 4.4 2 Oil & Natural Gas Corp Ltd Energy 5.3 3 Indian Oil Corp Ltd Energy 4.4 4 Bharat Petroleum Corp Ltd Energy 4.4 5 Coal India Ltd Energy 3.3 Total - Energy (%) 17.5 6 State Bank of India Finance 8.6 7 Axis Bank Ltd Finance 7.7 8 Bank of Baroda Finance 1.4 9 Rural Electrification Corp Ltd Finance 1.3 10 Power Finance Corp Ltd Finance 1.0 11 Indian Bank Finance 0.2 Total - Finance (%) 20.3 1 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version