The Bharat-22 exchange traded fund is meant for investing for the next generation, not for the short term, said Nimesh Shah, managing director and Chief Executive officer of ICICI Prudential Mutual Fund. The fund is managing the portfolio of the 22 blue chip stocks.
"If you think the government is managing these companies well, this is the index to bet on," Shah said in a conversation with BloombergQuint.
The government is looking to raise nearly Rs 8,000 crore by launching the Bharat-22 exchange traded fund, its second low-cost investment alternative, as it looks to meet a steep disinvestment target.
Also Read: Government Looks To Mop Up Rs 8,000 Crore From Its Second ETF Offering
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