Should you invest in Follow-on Fund Offer of Bharat-22 ETF? “ Retail investors to get a 2.5% discount on the NAV, low expense ratio of just 1 basis point and high dividend yield of 2.6% in comparison to the Sensex stocks which stands at 1.14%,” What is Bharat 22 ETF? The foundation of Bharat 22 ETF was laid by government in the Union Budget 2017 as a vehicle to achieve its divestment target. It's New Fund Offer (NFO) in November, 2017 was oversubscribed with 3.35 lakh applications, amounting to Rs 32,000 crore. It has now come up with a Further Fund Offer (FFO) to raise Rs 6,000 crore, plus any additional amount, subject to the Government's approval. Bharat 22 ETF is an open-ended exchange traded fund which will invest in similar composition and weightages as they appear in Bharat 22 Index. The FFO is open for subscription from June 20 to June 22, 2018 for retail investors. Applications to invest in Bharat 22 ETF through FFO can be submitt
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