Reliance MF to launch second tranche of CPSE ETF on Jan 17

Reliance Mutual Fund, an arm of Reliance Capital will launch a further fund offer of CPSE ETF or Central Public Sector Enterprises Exchange Traded Fund on January 17 and the offer will remain open until January 20.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap Tech Control

Budget 2017

Presented By:

DAYS hours minutes
Presented by :

Co-Presenting Sponsor :

Associate Sponsors :

Co-Presenting Sponsor :

Associate Sponsors :

Home » News » Mutual Funds » MF News

Sponsored by :

Jan 20, 2017, 01.39 PM | Source: Moneycontrol.com

Reliance MF to launch second tranche of CPSE ETF on Jan 17

Reliance Mutual Fund, an arm of Reliance Capital will launch a further fund offer of CPSE ETF or Central Public Sector Enterprises Exchange Traded Fund on January 17 and the offer will remain open until January 20.

Like this story, share it with millions of investors on M3

Reliance MF to launch second tranche of CPSE ETF on Jan 17

Reliance Mutual Fund, an arm of Reliance Capital will launch a further fund offer of CPSE ETF or Central Public Sector Enterprises Exchange Traded Fund on January 17 and the offer will remain open until January 20.

Post Your Comments

Share Cancel

Himadri Buch (more)

Assistant Editor, Moneycontrol.com |

Reliance Mutual Fund, an arm of Reliance Capital, will launch a further fund offer of Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF) on January 17. The offer will remain open until January 20.

The FFO will be open for all category of investors including anchor investors, retail investors, retirement funds, QIBs, non-institutional investors and foreign portfolio investors or FPIs.

The FFO will open for anchor investors on January 17, and for other category of investors from January 18-20.

Reliance Mutual Fund proposes to raise up to Rs 4,500 crore in the FFO of CPSE ETF with an option to retain oversubscription up to Rs 1,500 crore. As part of FFO, an upfront discount of 5 percent will be offered to all category of investors.

The fund house had launched the first tranche of the scheme in March 2014, which had garnered Rs 4,363 crore during the NFO.

Reliance MF's further fund offer of is a part of the government's overall disinvestment program, announced earlier by the Department of Investment and Public Asset Management, Ministry of Finance (DIPAM).

CPSE ETF, which functions like a mutual fund scheme, comprises scrips of 10 PSUs -- ONGC, Coal India, IOC, GAIL (India), Oil India, PFC, Bharat Electronics, REC, Engineers India and Container Corporation of India.

“We feel confident that the timing of the issue will help investors benefit from their exposure in a diversified basket like CPSE ETF that includes a list of distinguished PSUs that have performed exceedingly well in their respective sectors,” Manish Singh, Joint Secretary, DIPAM.

DIPAM has appointed ICICI Securities as the advisor for the FFO.

(With inputs from PTI)

Q Expense Ratio is not of utmost importance for:
Buy, Hold, Sell ? Hear it first on M3
Reliance MF to launch second tranche of CPSE ETF on Jan 17

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login