BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs.90000 crore
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Rs.80000 crore
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Rs.50000 crore
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Rs.10000 crore
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Detailed explanation-1: -1. Current NAV: The Current Net Asset Value of the BHARAT 22 ETF as of Feb 14, 2023 is Rs 58.14 for Growth option of its Regular plan. 2. Returns: Its trailing returns over different time periods are: 10.35% (1yr), 15.63% (3yr) and 7.05% (since launch).
Detailed explanation-2: -Taxation for this ETF will be like that of equity shares or equity mutual funds. AS per the prevalent tax laws, capital gains arising from investments held up to one year will be classified as STCG and will be taxed at 15%, plus surcharge and cess as applicable. LTCG will be tax exempt.
Detailed explanation-3: -Mutual Funds / Index Funds/ETFs / ICICI Prudential Mutual Fund / ICICI Prudential BHARAT 22 FOF.
Detailed explanation-4: -NEW DELHI: Bharat 22 ETF on Tuesday made a decent debut on BSE, as the open-ended exchange traded fund got listed at Rs 36.30 per unit on BSE, a 0.91 per cent premium over its issue price of Rs 35.97 per unit.