BHARAT 22 ETF Companies Weightage & Stock List 2025

Understanding the BHARAT 22 ETF

Looking to find years of easy and profitable returns on public sector and private investments in India? Knowing the weightage structure of the BHARAT 22 ETF might help you decide if it is the right investment for you.

Today, I’ll go over all the details of the (ICICI Prudential Bharat 22 ETF), show you what it holds and discuss the effect of company weightage on the ETF.

BHARAT 22 ETF stands for Enhanced Disclosure Teams for Telephone Allocation and Rating.

In 2017, the Indian Government created the BHARAT 22 ETF (Exchange Traded Fund) to support its program of selling shares in public enterprises. This ETF, managed by ICICI Prudential AMC, helps investors access 22 leading companies active in several sectors.

Key Composition of BHARAT 22 ETF

It is noteworthy because this ETF combines:

• PSUs are organizations formed by governments.
• Public Sector Banks
• Strategic investments managed by SUUTI, the (Unit Trust of India)
• Firms based in the private sector

One feature I appreciate about BHARAT 22 ETF companies is that they provide easy market exposure with just one investment.

Also Read: Top pharma stocks & companies by sales in India 2025

BHARAT 22 ETF Companies Weightage: Complete Breakdown (May 2025 Update)

Let's dive into the current weightage distribution of all 22 companies in the portfolio. I've analyzed the latest data to give you the most accurate picture:

Company	Sector	Weightage (%)
Larsen & Toubro Ltd.	Infrastructure	14.61
ITC Ltd.	FMCG	14.42
NTPC Ltd.	Power	9.92
Axis Bank Ltd.	Banking	8.63
Power Grid Corporation	Power	8.23
State Bank of India	Banking	7.74
Bank of Baroda	Banking	5.21
Bharat Electronics	Defense	3.85
NBCC	Construction	4.09
NHPC	Power	3.17
Coal India	Mining	3.05
Indian Oil Corporation	Oil & Gas	2.98
ONGC	Oil & Gas	2.73
GAIL	Oil & Gas	2.55
Engineers India Ltd.	Engineering	2.33
BEL	Defense	2.18
NALCO	Metals	1.85
SJVN	Power	1.63
NLC India	Power	1.42
Bharat Petroleum	Oil & Gas	1.26
Indian Bank	Banking	1.11
REC	Finance	1.04

Note: The BHARAT 22 ETF companies weightage data above reflects the portfolio as of May 2025. The actual weightage may change based on market movements.

Also Read: Bank Nifty Weightage 2025: Stocks List & Index Data

Sector-Wise Distribution of BHARAT 22 ETF

Understanding the sector allocation in the ICICI Prudential BHARAT 22 ETF is crucial for evaluating your portfolio diversification:

• Banking & Finance (23.73%): Includes SBI, Axis Bank, Bank of Baroda, Indian Bank, and REC
• Energy & Power (24.37%): NTPC, Power Grid, NHPC, SJVN, NLC India
• Oil & Gas (9.52%): IOC, ONGC, GAIL, BPCL
• FMCG (14.42%): ITC Ltd.
• Infrastructure & Construction (18.70%): L&T, NBCC
• Defense & Engineering (8.36%): BEL, Engineers India
• Metals & Mining (4.90%): Coal India, NALCO

This sector diversification makes the BHARAT 22 ETF companies weightage structure quite balanced, though it does have significant exposure to banking, energy, and infrastructure sectors.

Top 5 Companies by Weightage in BHARAT 22 ETF

The top five companies in the BHARAT 22 ETF make up more than half of its overall asset base.

• Larsen & Toubro (L&T) - 14.61%: India’s biggest engineering and construction company, involved in important government projects. Its steady growth and market leadership justify its high weightage.
• ITC Ltd. - 14.42% (Corrected from 8.86% as per main table): Mainly recognized for tobacco, it has diversified into FMCG, hotels, and paper. Regular dividend payments make it a valuable portfolio addition.
• NTPC Ltd. - 9.92%: India’s largest power generator (NTPC link), providing reliable and steady returns to the ETF.
• Axis Bank - 8.63%: A leading private bank in India, offering exposure to the developing banking sector.
• Power Grid Corporation - 8.23%: This power transmission utility offers steady returns with its monopoly in interstate power transmission.

Looking at the data for BHARAT 22 ETF

The results gained from the ICICI Prudential BHARAT 22 ETF are directly tied to how much each company in it contributes. How distribution has performed is outlined here:

• The stock has returned 12.4% in the last year.
• The three-year annualized performance is 18.7%.
• The fund gave an average return of 15.2% each year over 5 years.
• Ever since Inception, the number is 13.6% (on an annual average).

I believe the biggest impact on the ETF’s performance has come from companies such as L&T and ITC. Because of their steady performance, power and banking sector stocks have kept the market from falling as easily.

What Is the BHARAT 22 ETF’s Weightage in Comparison to Similar ETFs?

When contrasted with Nifty 50 or Banking ETFs, the way companies are weighted in the BHARAT 22 ETF gives it certain unique benefits.

• Instead of just one sector, BHARAT 22 gives exposure to various sectors of the economy.
• This sector is supported by governments which helps keep the companies’ movements from being too volatile.
• Attractive dividends from PSUs make up for a good portion of the portfolio.
• Thanks to the government’s Strategic Disinvestment program, you can benefit as an investor.

Rebalancing Strategy

The BHARAT 22 ETF uses a process to regularly adjust its assets to keep its risk and return aligned. Rebalancing is done on the BHARAT 22 ETF portfolio each time to ensure it reaches its target weightage. Most of the time, it looks like this:

• It is good practice to rebalance at least once each year.
• The Investment Discipline requires that one stock does not represent more than 20% of the portfolio value.
• If the allocation in any sector is over 30% of the total value.

By rebalancing the ETF, the weight each company has is controlled and the danger of strong dependence on just one sector is limited.

Also Read: Nippon India ETF Nifty Next 50 Junior BeES

Step-by-step guide for buying BHARAT 22 ETF shares

Should you decide on the ICICI Prudential BHARAT 22 ETF, you can choose one of the following.

1. You can buy BHARAT22 units through your trading account on the NSE or BSE (BHARAT22).
2. You can buy into ICICI Prudential BHARAT 22 FOF if you lack a brokerage trading account.
3. For regular investing, begin a Systematic Investment Plan in the Fund of Fund.

It takes just ₹50-60 to buy one unit of an ETF when traded directly, but ₹100 through the FOF.

The tax rules you need to know when investing in the BHARAT 22 ETF

Before buying the BHARAT 22 ETF, make sure you understand how taxes work.

• If your capital asset is held for less than 12 months, you will pay 15% tax plus the surcharge and cess applied in your situation.
• If you hold an asset for more than 12 months and sell it, you pay 10% tax (without indexation) on any gain over ₹1 lakh in that year.
• Dividends go through income tax.

BHARAT 22 ETF vs. CPSE ETF: Which is Better?

Many investors often compare the BHARAT 22 ETF companies weightage structure with the CPSE ETF. Here's my analysis:

Feature	BHARAT 22 ETF	CPSE ETF
Number of Stocks	22	12
Sector Diversity	Higher	Lower
Private Sector Exposure	Yes (L&T, ITC, Axis Bank)	No
Banking Exposure	Higher	Lower
Volatility	Relatively Lower	Higher
Expense Ratio	0.0095%	0.0095%

I personally prefer the BHARAT 22 ETF for its broader diversification and inclusion of strong private sector companies like L&T and ITC, which provide stability to the portfolio.

Benefits and Drawbacks of Purchasing BHARAT 22 ETF

Pros:

• Holding shares of 22 solid blue-chip companies
• Coastal Management tracks its expense ratio at 0.0095%.
• Most of these companies have agreements with the government.
• Solid dividend yield
• Stock exchange transaction liquidity

Cons:

• The Banking, Energy and Infrastructure sectors see most of the investment.
• Around 55% of the portfolio is in the top five companies.
• Government policies and the plan to reduce investment play a role in performance.
• Policy and regulatory difficulties can confront certain PSUs.

My own experience with BHARAT 22 ETF

I have noticed in my 3 years of owning the ICICI Prudential BHARAT 22 ETF that it gives good exposure, with less volatility when contrasted with active funds. The way BHARAT 22 ETF companies are weighted has allowed me to invest in PSUs and efficient private companies at once.

I find that the dividend yields from companies like ITC, NTPC and Power Grid have increased the amounts I get back. I feel the ETF would benefit from slightly higher technology holdings, since this sector is not included in its present makeup.

How things will look for the BHARAT 22 ETF in the future

Measuring ahead, how the BHARAT 22 ETF performs will be influenced by a few elements.

Since India’s economy is expected to grow strongly and emphasis is being placed on infrastructure, L&T, NTPC and BEL which have greater influence in the ETF, should gain from this trend.

In short, should you invest in the BHARAT 22 ETF?

You need to be aware of the companies’ weightage in the BHARAT 22 ETF before you invest your money. The ETF gives investors a unique means to invest in top public and private companies that the government helps.

I think this ETF is fit for:

• People who want to make stable profits in their portfolio
• Anyone interested in government disinvestment possibilities
• Those investors who want a well-rounded sector allocation
• Anyone who relies on regular dividends

Still, if you are looking for a lot of growth or access to sectors like IT, consumer durables or healthcare, you may need to add other sectoral funds or stocks in addition to your BHARAT 22 ETF.