Saturday, January 14, 2017

CPSE ETF opens on 18-01-2017 - Invest

The second tranche of exchange-traded funds (ETF) based on top 10 listed state-run firms with an aim to raise up to Rs6,000 crore through divestment of government stakes in these firms.
The ETF will aim to raise at least Rs4,500 crore as a base issue size and will have a green-shoe option of another Rs1,500 crore. Under the scheme, all investors in the ETF will get a 5% upfront discount.
The underlying portfolio of the CPSE ETF will have companies including ONGC Ltd, Coal India Ltd, Indian Oil Corp. Ltd, Gail (India) Ltd, Power Finance Corp. Ltd, Rural Electrification Corp. Ltd, Container Corp.of India Ltd, Bharat Electronics Ltd, Oil India Ltd and Engineers India Ltd.
The CPSE ETF has grown at a CAGR of 14.42% and accumulated a value of Rs 14,507 crore. The units of the ETF are listed on NSE and BSE.
Minimum application Rs 5000 / in multiples thereof.
One can invest in the scheme for study appreciation.

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