ICICI Pru Asset Management Company (AMC) informs about BHARAT 22 ETF
ICICI Prudential Mutual Fund has informed that, as specified in the index methodology, rebalancing of the Index is conducted annually by the Index provider, i.e. Asia Index Private Limited (AIPL). The Index Provider has announced the effective date for rebalancing the Index as March 24, 2025 (closure of business day of March 21, 2025).
On account of the above, stock weight cap of 15% and sector weight cap of 20% as per the index methodology shall be applied to the Index. As the investment objective of the Scheme is to track the Index, the corresponding changes shall also be reflected in the portfolio of BHARAT 22 ETF (the Scheme), an open-ended Exchange Traded Fund that tracks BSE Bharat 22 Index (the Index).
To align the portfolio weight with the revised weights shared by the Index Provider, the Scheme shall endeavour to purchase/sell the portfolio constituents at Time Weighted Average Price (TWAP) of individual constituents prevailing on that day. The aforesaid activity will be carried out till the portfolio has been rebalanced.
