ICICI Prudential AMC’s Bharat 22 ETF seeks to mobilise a further Rs 6000 crore

ICICI Prudential managed Bharat 22 – Exchange Traded Fund (Bharat 22 ETF) seeks to mobilise upto Rs 6000 crore through a further fund offer. The FFO is part of the Government of India’s overall disinvestment program, announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, using the ETF route. … Read more

Fund houses launch health care schemes on promising outlook

ICICI Prudential Mutual Fund and Mirae Asset Mutual Fund are launching thematic funds investing in health care and allied sectors. The domestic health care sector is the flavor of the season as stocks underperformed broader indices bringing valuations down to relatively more attractive levels, while the sector also reflects a play on the demographics and … Read more

ICICI Prudential AMC launches Bharat Consumption Fund – Series I

ICICI Prudential AMC is offering a close-ended fund, Bharat Consumption Fund Series I, for subscription to the public. The fund, as the name suggests, will invest in the fast-growing consumption sector in India. ICICI Prudential Bharat Consumption Fund Series 1, a ~3.5 years close ended equity fund, aims to benefit from consumption themes that include … Read more

Invest in Bharat 22 ETF because of its growth potential

Investors looking for a complete and inexpensive investment vehicle should take the dip in Bharat 22 ETF It’s a unique ETF that is being offered through the government’s disinvestment, but it makes a complete holistic portfolio of stocks because of its 22 private and public sector companies. Companies that comprise the Bharat 22 ETF are … Read more