(CPSE ETF FFO2)
After grand response to Reliance Mutual Fund "Central Public Sector Enterprise - Exchange Traded Fund (CPSE ETF)" FFO 1 in January 2017, Reliance Mutual Fund is once again tapping the market with CPSE FFO2 to mobilize Rs. 2500 crore.
Issue is opening on 14.03.17 for Anchor investors and on 15.03.17 for other categories on investors and will close on 17.03.17.
This is an Open Ended Index Scheme which is listed on the Exchanges in the form of an Exchange Traded Fund (ETF) tracking Nifty CPSE Index.
CPSE ETF was launched in March 2014 to facilitate Government of India's initiative of dis-investing its stake in selected Central Public Sector Enterprises through Exchange Traded Fund CPSE ETF route.
The ETF is based on Nifty CPSE index which includes 10 listed Central Public Sector Enterprises. Nifty CPSE Index is constructed in order to facilitate Government of India initiative to disinvest some of its stake in selected CPSEs (Central Public Sector Enterprises) through the ETF route.
CPSE ETF is an Open Ended Index Scheme which is listed on the Exchanges in the form of an Exchange Traded Fund (ETF) tracking Nifty CPSE Index
CPSE ETF Portfolio
- Oil & Natural Gas Corporation Limited Oil - 24.6%
- Coal India Limited Minerals/Mining- 19.6%
- Indian Oil Corporation Limited Petroleum Products - 18.4%
- GAIL (India) Limited Gas - 11.7%
- Rural Electrification Corporation Limited Finance - 5.8%
- Power Finance Corporation Limited Finance - 5.5%
- Container Corporation of India Limited Transportation - 5.0%
- Bharat Electronics Limited Capital Goods - 4.1%
- Oil India Limited Oil - 2.9%
- Engineers India Limited Construction Project - 2.0%
Listing
National Stock Exchange (NSE), Bombay Stock Exchange (BSE)