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BHARAT 22 ETF (3rd tranche) Public Offer Opens on Feb 14, 2019

Published on Monday, February 11, 2019 by Chittorgarh.com Team

BHARAT 22 ETF (3rd tranche) Public Offer Opens on Feb 14, 2019

BHARAT 22 ETF is an open-ended Exchange Traded Fund. It tracks the S&P BSE BHARAT 22 Index. The BHARAT 22 Index consists of 22 stocks of Central Public Sector Enterprises (CPSEs), Public Sector Banks (PSB) and strategic holdings of SUUTI (Specified Undertaking of the Unit Trust of India).


BHARAT 22 ETF (3rd tranche) Public Offer

The 3rd tranche of Bharat 22 ETF public offer opens and closes on February 14, 2019.


Discount to Retail Investors

5% discount is offered in all the investor's categories including retail, HNI and institutional investors.


BHARAT 22 ETF Detail

Type

Exchange Traded Fund

Underlying

S&P BSE Bharat 22 Index

ISIN

INF109KB15Y7

NSE Symbol & BSE Scrip ID

ICICIB22


Benefits of Bharat 22 ETF

  • Low Fee:The scheme charges lower expense ratios as compared with an actively managed scheme.
  • Low Cost:You can gain exposure to 22 stocks of government enterprises with an amount as low as Rs. 5,000.
  • Diversification:The Bharat 22 ETF's portfolio diversified across six sectors - basic materials, energy, finance, FMCG (Fast-Moving Consumer Goods), industrials and utilities.
  • Bluechip stocks:The portfolio comprises stocks of some of India's largest public sector enterprises.

BHARAT 22 ETF Portfolio [11-FEB-2019]

Creation Unit Size: 4300

Security Name

Portfolio Deposit

Axis Bank Ltd

25

Indian Oil Corp Ltd

38

Larsen & Toubro Ltd

18

NBCC (India) Ltd

17

NHPC Ltd

51

NLC India Ltd

2

NTPC Ltd

72

National Aluminium Co Ltd

122

Oil & Natural Gas Corp Ltd

53

Power Finance Corp Ltd

12

Power Grid Corp of India Ltd

52

Bank of Baroda

13

Rural Electrification Corp Ltd

11

SJVN Ltd

9

State Bank of India

51

Bharat Electronics Ltd

29

Bharat Petroleum Corp Ltd

14

Coal India Ltd

24

Engineers India Ltd

10

Gail India Ltd

20

ITC Ltd

88

Indian Bank

1

BHARAT 22 ETF Public Issue (3rd tranche) Allotment Status (RII Category)

Allotment Date: 22nd Feb 2019

Investment Amount(in Rs.)(A)

Allotted Units(B)

Allotment Price*(C )

Allotted amount(D)

Transaction charges(E )

Refund Amount(F ) = (A-D-E)

200000

6345

31.5191

199988.69

0

11.31

Frequently Asked Questions BHARAT 22 ETF

PRODUCT

  1. What is the launch date of Additional Offering Period for BHARAT 22 ETF?

    Additional Offering period of BHARAT 22 ETF opens and closes on February 14, 2019. Applications supported by Cheques/Demand Drafts, Transfer requests, RTGS and NEFT will be accepted till 8:00 p.m. on February 14, 2019*.

    *or such other time as may be permitted under the respective modes of transactions, as applicable.

  2. What is BHARAT 22 ETF?

    Government of India (GOI), as part of its disinvestment programme, approved the setting up of Exchange Traded Fund (ETF) comprising shares of listed Central Public Sector Enterprises (CPSE), some of the strategic holding of Specified Undertaking of Unit Trust of India (SUUTI) and other corporate entities.

    ICICI Prudential Asset Management Company Limited (ICICI Prudential AMC/the AMC) was appointed to create, launch and manage the ETF. On August 4, 2017, the Government announced a new ETF by the name "BHARAT 22 ETF" and also, announced the index for BHARAT 22 ETF. BHARAT 22 ETF will invest in the equity securities of the underlying constituent companies of "S&P BSE Bharat 22 Index" in similar composition and weightages as they appear in the said Index.

  3. Where will BHARAT 22 ETF invest in?

    BHARAT 22 ETF shall invest in equity securities of the underlying constituent companies of "S&P BSE Bharat 22 Index", which is also the Benchmark Index of the BHARAT 22 ETF.

  4. What are the broad highlights of S&P BSE Bharat 22 Index?

    There are 22 stocks under the S&P BSE Bharat 22 Index which comprises shares of Central Public Sector Enterprises (CPSE), Public Sector Banks and some of the strategic holding of Specified Undertaking of Unit Trust of India (SUUTI). S&P BSE Bharat 22 Index is well diversified index across six sectors. The stock level capping is at 15% and sector capping is at 20% applied annually at rebalancing.

    To know more about the index constituents and for more details, please visit:

    https://www.bseindia.com/sensex/IndicesWatch_Weight.aspx?iname=BHRT22&index_Code=100#

  5. Will there be separate Application form for Bharat 22 ETF Additional Offer?

    Yes, there will be separate Application form for Bharat 22 ETF Additional Offer which will be available on the website of AMC.

  6. Is there any discount to investors?

    A 5% Discount* for all investor categories on Government disinvestment shares. The discount offered by GOI may not be a discount to the closing market price of the underlying shares of S&P Bharat 22 Index on the Additional Offering Period/ Allotment Date.

    Discount is calculated on Additional Offering Period Reference Market Price which is determined on the basis of full day volume weighted average price on the BSE during the additional offering period for each of the index constituents of the S&P BSE BHARAT 22 Index. Discount will be on shares to be disinvested by the Government of India. In the event an index constituent is purchased from open market to meet the Maximum Amount to be raised during additional offering period, no discount will be offered on such purchase of index constituent from open market. For more details refer notice available on website

  7. What is the Total Expense Ratio of BHARAT 22 ETF?

    Currently, the expense ratio of BHARAT 22 ETF is up to 0.0095% p.a. of daily net assets of the scheme.

    Please refer to Scheme Information Document (SID) for more details.

  8. Do we have Direct or Regular Plan option in BHARAT 22 ETF?

    Currently, there are no separate Plans/options under BHARAT 22 ETF.

  9. Will the Scheme declare dividend or it will be growth scheme?

    The Scheme can declare dividend subject to availability of distributable surplus and approval from the Trustees of the Scheme.

  10. What will the tax treatment be in case of short term capital gains (STCG) and long term capital gains (LTCG)?

    Taxation for this ETF will be like that of equity shares or equity mutual funds. As per the prevalent tax laws, capital gains arising from investments held up to one year will be classified as STCG and will be taxed at 15%, plus surcharge and cess as applicable. Long term capital gains exceeding one lakh rupees in a financial year, arising from the transfer of units of an equity oriented fund„, equity shares and units of business trust are chargeable to tax at 10 per cent plus surcharge and cess, as applicable. Investors are requested to consult their tax advisors to understand tax implications of subscribing to the units of the Scheme.

Investment Process

  1. How can I make application/subscription in BHARAT 22 ETF during the Additional Offering Period?

    Applicants may submit the physical application at designated Investor Service Centres of ICICI Prudential Asset Management Company Limited or Computer Age Management Services Pvt. Ltd. (CAMS).

    Additionally, the below mentioned online modes will be available:

    • ICICI Prudential AMC or ICICI Prudential Mutual Fund website
    • IPRUTOUCH App
    • NSE MFSS
    • BIMF (BSE IBBS PLATFORM)
    • NMF II platform of NSE
    • e-ETF under web based NSE e-IPO platform
    • MF Utility
    • CAMSONLINE
  2. Is there any lock-in period under BHARAT 22 ETF Additional Offering Period?

    There is no lock-in period for Investors.

  3. Who can apply and how much one can apply in BHARAT 22 ETF during the Additional Offering Period?

    Investors who hold a demat account can apply for units of the ETF during the Additional Offer period. The different categories of investors with respective application amounts under each category is provided in the below table:

    Type of Investors

    Description

    Investment Amount

    Retail Individual Investors (RII))

    Natural persons including NRI, sole proprietorship concern and HUF represented by Karta

    Rs.5,000 and in multiples of Re. 1 thereafter up to Rs. 2,00,000 per investor.

    Retirement Funds (RF)

    Any private or public trust, or any other entity, set up with the objective of making investments for the benefit of retirement or social security benefits for employees or workmen in the private or public sector and includes pension funds, gratuity funds, provident funds, annuity funds, deposit-linked insurance funds or superannuation funds, whether regulated by any authority or not.

    Rs. 2,00,001 and in multiples of Re.1 thereafter.

    Other than Retail Individual Investors and Retirement Funds

    All investors who are neither Retail Individual Investors nor Retirement Funds.

    Rs. 2,00,001 and in multiples of Re.1 thereafter.

  4. Can I submit multiple applications?

    An Investor ideally should submit one application. If multiple applications are submitted by an investor/ investor(s) (with different holding pattern) the applications will be clubbed on first/ sole holder PAN for determining investor category (i.e. Retail Individual). E.g. an Individual Investor A, submits two applications of Rs.1,50,000 each with two different demat accounts with holding pattern as A,B and A,C,B. The total application under Investor A's PAN will be considered as Rs. 3,00,000, thus he will be categorized as "Other than Retail Individual Investor and Retirement Funds" will not receive the allotment under Retail Individual Investor category.

  5. Do I need to pay any transaction charges to the distributor through whom I am applying in the Additional Offering Period?

    In case the Distributor has „opted in„ to receive Transaction Charges, Rs 150 (new investor in mutual fund) & Rs 100 (existing investor) will be deducted if the Subscription amount is Rs.10,000 & above.

    Further note that transaction charges will be applicable for transactions routed from Physical, ICICI Prudential MF Online portal, Channel Partners and stock exchange platforms through ARN-Holders (Mutual fund distributors) if the distributor is in „Opt in' list and Transaction charges will not be applicable for transactions routed from stock exchange platforms routed through stock brokers even if the broker is in „Opt in' list.

  6. Can I register nominee for this investment?

    Mode of holding for BHARAT 22 ETF is compulsorily dematerialized. The allotment will happen in demat mode. Hence, the nomination details registered in your demat account will be applicable to this investment.

  7. Will there be any Folio No. for future reference?

    Since the ETF units are compulsorily held in Demat mode and ongoing transactions happen through Secondary market, there will be no MF Folio number. For all future queries on allotment, applicants

    need to refer the Demat account number and 1st/ Sole Holder's PAN which were used in the Additional Offering Period.

  8. I don't have a demat account, but I want to apply for this ETF. Is it mandatory to have a demat account to apply for this Additional Offering Period? Can I apply for it like I apply for any other mutual fund?

    Demat account is mandatory to apply for this ETF.

  9. Is it mandatory to apply only through cheque and not ASBA?

    ASBA facility is not available. You can submit Cheques /Demand drafts, Transfer requests/ RTGS and NEFT along with the application form or invest online through your broker's trading platform to apply for this ETF.

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User Comment

avatar
33. Team Chittorgarh.com  Monday, February 11, 2019 Reply
Bharat 22 ETF 3rd tranche Public Issue Allotment Status for Retail Individual investors (<2L application):

Investment Amount: Rs 200000
Allotted Units: 6345
Allotment Price: Rs 31.5191
Allotted amount: Rs 199988.69
Transaction charges: Rs 0
Refund Amount: Rs 11.31

Investors could sell the allocated shares on Monday 25th Feb 2019.
avatar
33.1. Ram kishan somani  Monday, February 11, 2019
Those investor who sold units of bharat22etf on 22/02/2019 treated as valid trade
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33.2. S.PANDYA  Monday, February 11, 2019
Are you sure I can Sell today? Units are not credited yet in DEMAT account, that's why asking..
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32. Sunil  Monday, February 11, 2019 Reply
Anyone know how they calculate 31.5191
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32.1. Ram Kishan Somani  Monday, February 11, 2019
Nav of 14/02/2019 less 5%
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31. Ashok Kumar  Monday, February 11, 2019 Reply
I have not received any massage of allotment till today. Checked from depository shares were not credited till 22nd Evening.
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30. Vishva  Monday, February 11, 2019 Reply
Latest premium
avatar
29. Ram Kishan Somani  Monday, February 11, 2019 Reply
Those investor who sold their units on 22/02/2019 whether those trade will be treated as valid trades
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27. jigaReligare  Monday, February 11, 2019 Reply
Refund started of 11rs
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26. Ganga  Monday, February 11, 2019 Reply
Seems no profit
avatar
25. NISHITH DESAI  Monday, February 11, 2019 Reply
Pls Share the allotment link
avatar
25.2. Chimanlal  Monday, February 11, 2019
Alotment daet
avatar
25.3. Chimanlal  Monday, February 11, 2019
Allotment praiz
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24. Papan  Monday, February 11, 2019 Reply
Dear Sir/Madam,

Greetings from ICICI Prudential Mutual Fund!

We refer to your email regarding purchase in BHARAT 22 - ETF.

In this regard we wish to inform you that Allotments would be done as on22nd Feb, 2019,Post allotment SMS/Email will be triggered to you.

Further we wish to inform you that Allotment advice will be triggered on registered email id, with the details of allotment NAV.

Listing will be done on 25th Feb, 2019 and investor can purchase/ sell from demat after listing from 25th Feb, 2019
avatar
23. Alok Parida  Monday, February 11, 2019 Reply
Bharat 22 ETF Retail category allotment 100%
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23.3. Palash pramanik  Monday, February 11, 2019
Amount of bharat22 alloted for me
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23.4. Palash pramanik  Monday, February 11, 2019
Amount of bharat22 alloted for me
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22. Mohit Singhal  Monday, February 11, 2019 Reply
Greetings, we are pleased to inform that bharat etf has allotted @Rs.31.5191 per unit (inclusive of 5% discount on Government disinvested shares) during the Additional Offering Period of BHARAT 22 ETF Scheme. The said units will be credited to your Demat Account within 2 business days from today subject to necessary verifications. Applicable refund will be initiated to your bank account registered with DP.
avatar
21. Deepak  Monday, February 11, 2019 Reply
Holding not received in demat account till time
Please advice
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20. SANDEEP GARG  Monday, February 11, 2019 Reply
ALLOTMENT OF BHARAT 22 ETF SEE ON CAMS & STATEMENT OF ACCOUNT GENERATED .
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19. NIL  Monday, February 11, 2019 Reply
does anybody have exact idea of date of allotment and trading date?
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19.3. raj gopal Sarda  Monday, February 11, 2019
Alloted 6345 units on 2 lac application @ 31.5191
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19.4. VIJAY AGRAWAL  Monday, February 11, 2019
HOW MUCH TOTAL AMOUNT
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18. Sanjeev  Monday, February 11, 2019 Reply
Grey Market Rate - Bharat 22 Public Issue

GMP Rs 9600 for 2L application.

Allotment: 22nd February
Trading: 25th February

HNI : Approx 20% allotment

Allotment Price : 31.45 Tentative
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18.1. Vivek  Monday, February 11, 2019
Bhai allotment aa gya ?
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17. Vijay  Monday, February 11, 2019 Reply
Operators ne aaj hi sale kar diye 6358 units abhi allotment aaya hi nahi hai
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17.1. prabhu  Monday, February 11, 2019
BHARAT 22 ETF ka allotment kaunsi site par dekhen
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16. prabhu  Monday, February 11, 2019 Reply
bharat 22 etf ka allotment kaunsi site par dekhe
avatar
15. Satyanarayana  Monday, February 11, 2019 Reply
Allotment date, price, listing date pls
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14. Vishva  Monday, February 11, 2019 Reply
When is the allotment
avatar
13. MOHIT WADHWA  Monday, February 11, 2019 Reply
UNITS KAB ALOT HOGI
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12. jigaReligare  Monday, February 11, 2019 Reply
Grey premium 10700 in Ahmedabad
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12.1. RAJ  Monday, February 11, 2019
I CAN SALE TODAY
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11. AMISH SHAH  Monday, February 11, 2019 Reply
BHARAT ETF SALE TODAY 33.85 DELIVERY COME DMATE ACCOUNT 22/02/2019

2 LAKH 6200 APPX.
avatar
10. jigaReligare  Monday, February 11, 2019 Reply
Grey premium 10700 in Ahmedabad
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9. Info  Monday, February 11, 2019 Reply
What is the rate of allotment? When will the units credited to the account? What is the current GMP?
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8. Poker face  Monday, February 11, 2019 Reply
Volume going high today..can we sell today??
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7. Alok  Monday, February 11, 2019 Reply
Can anybody tell what is the allotment price fixed before discount?
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6. Pradip Modi  Monday, February 11, 2019 Reply
Really 9600?
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5. Rakesh Kumar Baid  Monday, February 11, 2019 Reply
Any allotment price update on Bharat ETF/ICICIB22
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4. Milankumar Nayak  Monday, February 11, 2019 Reply
When it is going to list on market? I mean I have applied for FFO 3 then on which date should I sell this ETF?
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3. Vishal  Monday, February 11, 2019 Reply
What will be allotment date? What price to be expected for the Units?
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2. RAJENDRA SETHIA  Monday, February 11, 2019 Reply
HOW TO APPLY ONLINE BHARAT 22 ETF TODAY
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2.1. Sunil  Monday, February 11, 2019
for online application
iciciprumf.com
avatar
1. Neeraj Goyal  Monday, February 11, 2019 Reply
Discount of 5% will be given on VWAP of 14.2.2019 ?



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