Several actively managed funds of ICICI Prudential Mutual Fund (MF) have exposure to the Bharat-22 exchange traded fund (ETF). In November 2017, when the ETF was launched, the 35 schemes offered by the fund house had invested a cumulative Rs 25 billion in the ETF. This accounted for 27 per cent of the ETF’s closing AUM for November.
As of December 30, the number of schemes invested in the ETF reduced to 29 with the investment value slipping slightly to Rs 23 billion. However, ICICI MF’s schemes alone accounted for more than one-third of the ETF’s total AUM, which had