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ETFs hold a portfolio of securities that replicates an index and are listed and traded on the stock exchange and its trading value is based on the net asset value of the underlying stocks that it represents. The return and risk on ETF are directly related to the underlying index like the BSE Sensex or asset like gold. Bharat 22 is not the first ETF launched by Finance Ministry. Ministry of Finance had launched Central Public Sector Enterprise Exchange Traded Fund (CPSE ETF) in 2014.
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