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<h1>Bharat 22 ETF FFO Triumphs: Surpasses Rs. 6,000 Crore Target, Attracts Rs. 14,000 Crore Amid Strong Investor Interest.</h1> The Further Fund Offer (FFO) of the Bharat 22 Exchange Traded Fund (ETF), managed by ICICI Prudential Fund, was a significant success, exceeding its initial target of Rs. 6,000 crore by attracting nearly Rs. 14,000 crore in applications. The ETF, which includes top-performing CPSEs, public sector banks, and private companies, saw strong participation from Foreign Institutional Investors, particularly in the Anchor and Qualified Institutional Buyers categories. The Government of India plans to retain an oversubscribed portion of Rs. 2,400 crore. The offering was oversubscribed by more than 2.3 times, with substantial interest from retail investors and challenging market conditions in 2018.
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