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Wednesday, January 18, 2017

Reliance MF CPSE ETF subscribed 4 times

Reliance CPSE ETF Further Fund offer which opened for subscription today, has been subscribed 4 times on the first day

The earlier issue of CPSE ETF, launched in March 2014, had raised Rs 3000 crore. CPSE ETF gives investors an opportunity to invest in Public Sector Undertakings (PSUs) through the ETF route. The ETF has exposure to 10 government undertakings graded as Maharatna and Navratna companies.

These companies can be broadly clubbed under the following four investment themes - energy, infrastructure and engineering and PSU financials.
The issue will close on Jan 20, 2017
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