Allotment Status Finance Minister in his budget speech had set Rs. 72,500 as the disinvestment target for the current fiscal year 2017-18. This ETF has been hdfc life click2invest ulip investment plan review by ICICI Prudential Asset Management Company and is named as Bharat 22 ETF.
Bharat 22 ETF intends to generate returns that closely correspond to the total returns earned by the securities as represented by the Bharat 22 Index. However, the performance of the scheme may differ from that of Bharat 22 Index due to tracking error and also due to the scheme expenses. This scheme will remain open for four days, only one day for the anchor investors i. November 14 and then three days for the non-anchor investors, including retail investors. For the non-anchor investors, it will open for subscription on November 15 and run for three days to close on November 17. New Fund Offers, or popularly known as NFOs, normally get launched at Rs. 10 per unit as their NAV.
This will not be the case with this scheme. During the NFO, each unit of this scheme will have a face value of Rs. 10 and will be issued at a premium, equal to the difference between the face value and the allotment price. Bharat 22 ETF for buying the underlying Bharat 22 Index shares. Bharat 22 Index shares will be offered to Bharat 22 ETF by the government of India. 8,000 crore, whichever is higher, has been reserved for the anchor investors.
8,000 crore, whichever is higher, has been reserved for the retail individual investors also. In case of undersubscription in any or both of these categories of investors, unsubscribed portion will be allocated to the retail investors. The government has decided to raise Rs. However, in case of oversubscription, the government would like to retain the whole of oversubscription in order to bridge its disinvestment target gap. So, it is highly likely that full allotment will be made to the retail individual investors. Retail individual investors can invest in the scheme with a minimum investment amount of Rs. To remain a retail investor, the investment limit has been set at Rs.