Scheme

Bharat 22 ETF

Holds 22 companies worth ₹9,529 Cr in Sept 2026.

Fund house
ICICIThe fund house that runs this scheme.
AUM
₹9,531 CrBharat 22 ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.2% on Aug 2026, ₹9,946 Cr.
Largest holding
Larsen and ToubroLarsen and Toubro is 15.6% of this scheme's NAV.
Fund manager
Nishit PatelRuns its co-manager part since 24 Nov 2017, as the fund house dates it. With Ajaykumar Solanki (co-manager), Ashwini Bharucha (co-manager), Venus Ahuja (co-manager).

Overview^{(7 Nov 2025)}

Fund managers4

Nishit PatelCo-manager · Nov 2017 · 7y · B.Com
Ajaykumar SolankiCo-manager · Feb 2024 · 10y · CFA B.Com
Ashwini BharuchaCo-manager · Feb 2024
Venus AhujaCo-manager · Nov 2025 · 3y · B.Com

Ashwini ShindeFeb 2024 – Nov 2025

Key facts

Benchmark: BSE Bharat 22 TRI
Expense: Regular 0.07%
Exit load: Nil
Started: 24 Nov 2017
Minimum: During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its multiples. Further, any application by investors, other than Market Makers, must be for an amount exceeding INR 25 crores. However, the aforementioned threshold of INR 25 crores shall not apply to investors falling under the following categories (until such time as may be specified by SEBI/AMFI): a. Schemes managed by Employee Provident Fund Organisation, India; b. Recognised Provident Funds, approved Gratuity funds and approved superannuation funds under Income Tax Act, 1961. All direct transactions in units of the Scheme by eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio.

Source.Its Scheme Summary Document as of 7 Nov 2025 at AMFI.

What changed^{(3 changes)}

Nov 2025

3 changes

Ashwini Bharucha joined
5 Novas co-manager
Venus Ahuja joined
5 Novas co-manager
Ashwini Shinde left
5 Novran it as co-manager from Feb 2024

Source.Its filings at NSE, since Dec 2024.

Fund managers over time^{(Nov 2017 – now)}

MainCoSlice20182019202020212022202320242025

Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs^{(Dec 2024 – Nov 2025)}

Every change to the expense ratio, newest first.
1 filing	Regular	Direct	Δ pt
23 Dec 2024	0.07%	–	–

Direct plan, 23 Dec 2024

–%

Regular plan 0.07% · Exit load nil

Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk^{(7 Nov 2025)}

Objective

The investment objective of the Scheme is to invest in constituents of the underlying Index in the same proportion as in the underlying Index, and endeavor to provide returns before expenses, which closely correspond to the total returns of the underlying Index. However, the performance of the Scheme may differ from that of underlying index due to tracking error. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Risk, type and benchmark

At launch: Very High
Type: Open Ended
Benchmark: BSE Bharat 22 TRI

Asset allocation it may hold% of NAV

Securities of companies constituting the underlying index$
Allowed95–100%
Units of Liquid/Money Market Mutual Fund schemes, Money Market Instruments (with maturity not exceeding 91 days), including TREPS, cash & cash equivalents
Allowed0–5%Holds0.0%

Holds in Sept 2026.100.0% equity

How to invest^{(7 Nov 2025)}

Buying

To start: During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its multiples. Further, any application by investors, other than Market Makers, must be for an amount exceeding INR 25 crores. However, the aforementioned threshold of INR 25 crores shall not apply to investors falling under the following categories (until such time as may be specified by SEBI/AMFI): a. Schemes managed by Employee Provident Fund Organisation, India; b. Recognised Provident Funds, approved Gratuity funds and approved superannuation funds under Income Tax Act, 1961. All direct transactions in units of the Scheme by eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio.

Selling and switching

To redeem: During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its multiples. Further, any application by investors, other than Market Makers, must be for an amount exceeding INR 25 crores. However, the aforementioned threshold of INR 25 crores shall not apply to investors falling under the following categories (until such time as may be specified by SEBI/AMFI): a. Schemes managed by Employee Provident Fund Organisation, India; b. Recognised Provident Funds, approved Gratuity funds and approved superannuation funds under Income Tax Act, 1961. All direct transactions in units of the Scheme by eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio.

Scheme details^{(7 Nov 2025)}

What it is

Category: Other Schemes - ETF/Index
Offer: 15 Nov 2017 to 17 Nov 2017
Started: 24 Nov 2017
Face value: ₹10
Listed: Units of the Scheme are listed on BSE Limited and National Stock Exchange of India Limited

How it is run

Swing pricing: No
Side-pocketing: No
Custodian: Citibank N.A.,HDFC Bank Limited, HSBC and SBI-SG Global Securities Services Private Limited
Auditor: BSR & Co. LLP
Registrar: Computer Age Management Services Limited
SEBI code: ICIC/O/O/EET/17/10/0057