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Gilber

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· 1 Months ago

Solution mistake (Question:617856.0)

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Question:

Which of the following is correct about Bharat-22 Exchange Traded Fund (ETF) ?

  • In June 2018, the second tranche of Bharat-22 Exchange Traded Fund (ETF), received bids worth Rs. 15,436 crore
  • Bharat 22 spans six sectors — basic materials, energy, finance, industrials, FMCG and utilities
  • ETFs are essentially index funds that are listed and traded on exchanges like stocks
Options:
A)

Only A 

B)

Only B 

C)

Both A & B 

D)

Both A & C

E)

All of the above

Solution:

The second tranche of Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies, has received bids worth Rs. 15,436 crore, much higher than government’s fund raising target. Bharat 22 is a well-diversified ETF spanning six sectors — basic materials, energy, finance, industrials, FMCG and utilities. The sector wise weightag in the Bharat 22 Index is industrials (22.6%), finance (20.3%), utilities (20%), energy (17.5%), FMCG (15.2%) and basic materials (4.4%). ETFs are essentially index funds that are listed and traded on exchanges like stocks. 

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