BSE' MF platform contributes 90% subscription for Bharat 22 ETF

Top stock exchange BSE's mutual fund platform has contributed to over 90 per cent subscription for BSE Bharat 22 ETF's new fund offer.

"In the just-concluded government stake divestment through Bharat 22 ETF offer, BSE's e-platforms (BSE StAR MF and BSE BiMF) garnered Rs 4,630.60 crore contributed by 1,12,780 applications, predominately in retail category," the exchange said in a statement today.

Government has raised Rs 14,500 crore through the Bharat 22 ETF. Bharat 22 ETF's NFO, managed ICICI Prudential AMC comprising 22 stocks, had an initial issue size of over Rs 8,000 crore.