Centre will be hoping things pan out soon since it has so far raised only Rs 10,028 crore from disinvestment but not all experts agree with the government's move.

The new ETF, which will be constituted after studying the appetite of large investors, is being planned for launch in the next financial year.

The government has already raised Rs 22,900 crore through two tranches of Bharat-22 Exchange Traded Fund (ETF) in the domestic markets.

The guidelines set by the Department mandate that companies worth Rs 2,000 crore, and cash and bank balance more than Rs 1,000 crore have to mandatorily buy back shares.

Subscription has come in for over 2 times of the base issue size of Rs 6,000 crore. The total bids that has come in so far is for Rs 12,500 crore and one lakh applications have come in, market sources said.

Amit Kachroo, Managing Partner at Aaneev Wealth  talks about the newly launched Bharat 22 ETF further fund offer and the merits and demerits of investing in the fund.

On Tuesday, the government launched the FFO of Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies. The issue received subscriptions from investors such as mutual funds houses, foreign portfolio investors (FPI), insurance and retirement funds.

ICICI Prudential Asset Management Company is managing the launch of Bharat 22 ETF which is being offered at 2.5% discount to all the investor categories.