CPSE ETF: Sixth tranche opens today, govt aims to raise up to Rs 10,000 crore

CPSE ETF: Sixth tranche opens today, govt aims to raise up to Rs 10,000 crore

The CPSE ETF was launched by the United Progressive Alliance (UPA) government on March 28, 2014 to sell its stake in the Central Public Sector Enterprises (CPSEs).

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The CPSE ETF measures its performance against the benchmark Nifty CPSE Index.The CPSE ETF measures its performance against the benchmark Nifty CPSE Index.
BusinessToday.In
  • Jul 19, 2019,
  • Updated Jul 19, 2019 12:25 PM IST

The government plans to raise up to Rs 10,000 crore from the sixth tranche of CPSE ETF which opened today for retail investors. The issue is part of the Modi government's disinvestment programme to raise a record Rs 1.05 lakh crore in 2019-20, Rs 20,000 crore more it collected in fiscal 2018-19.

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The CPSE ETF was launched by the United Progressive Alliance (UPA) government on March 28, 2014 to sell its stake in the Central Public Sector Enterprises (CPSEs).

An upfront discount of 3% will be given to all categories of investors. It has an expense ratio of 0.0095%.

The CPSE Exchange Traded Fund (ETF) tracks shares of 11 Central Public Sector Enterprises (CPSEs) -- ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

The government plans to raise up to Rs 10,000 crore from the sixth tranche of CPSE ETF which opened today for retail investors. The issue is part of the Modi government's disinvestment programme to raise a record Rs 1.05 lakh crore in 2019-20, Rs 20,000 crore more it collected in fiscal 2018-19.

Advertisement

The CPSE ETF was launched by the United Progressive Alliance (UPA) government on March 28, 2014 to sell its stake in the Central Public Sector Enterprises (CPSEs).

An upfront discount of 3% will be given to all categories of investors. It has an expense ratio of 0.0095%.

The CPSE Exchange Traded Fund (ETF) tracks shares of 11 Central Public Sector Enterprises (CPSEs) -- ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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