<h1>Finance Minister Launches Bharat 22 ETF with Diverse Portfolio for Government Disinvestment, Managed by ICICI Prudential AMC.</h1> The Finance Minister announced the launch of a new Exchange Traded Fund (ETF) named Bharat 22, comprising 22 stocks from six sectors: Basic Materials, Energy, Finance, FMCG, Industrials, and Utilities. Managed by ICICI Prudential AMC, the ETF aims to facilitate government disinvestment, targeting Rs. 72,500 crore for 2017-18, with Rs. 9,300 crore realized so far. Bharat 22 offers a diversified portfolio compared to the energy-heavy CPSE ETF. The ETF market in India has grown significantly, with assets under management increasing fivefold in three years. Global ETF assets are expected to reach $7 trillion by 2021.