FM Jaitley launches new exchange-traded fund 'Bharat 22'
Finance Minister Arun Jaitley on Friday launched 'Bharat 22' exchange-traded-fund (ETF) to divest government assets in 22 state-run and private firms. The fund will have a diversified portfolio of companies from six sectors with a 20% cap on each sector and a 15% cap on each stock. ICICI Prudential will manage the fund, he added.