Bharat 22 Exchange Traded Fund Soon to be Reality: Arun Jaitley

The Bharat 22 exchange traded fund (ETF), comprising of 22 companies, or investments from central public sector undertakings, public sector banks and some other strategic holdings, will be launched soon, Finance Minister Arun Jaitley said.

Bharat-22 will cover six sectors. It will feature four banking stocks -- SBI, Axis Bank, Bank Of Baroda and Indian Bank -- other than CPSEs such as Nalco, ONGC, IOC, BPCL and Coal India.

In addition, there will be nine other PSUs as well as REC and PFC. SUUTI's holding in ITC has also been included.