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<p>Institutional and retail investors have shown interest in the government's bid to launch CPSE exchange-traded fund (ETF) on the lines of ELSS as they grabbed sixth tranche of CPSE ETF putting in their bids over Rs 40,000 crore against the base issue size of Rs 8,000 crore. Enthused over the reponse, the Department of Investment and Public Asset Management (DIPAM) on Friday stated that CPSE ETF FFO was oversubscribed by more than 5 times. </p>
<p>Through a tweet, Secretary, DIPAM, said, "CPSE ETF FFO 5 oversubscribed by more than 5 times. Against Base Issue size of Rs.8,000 Cr, a subscription amount of more than Rs.40,000 crores was received till 5.00 pm today. Govt exercises green shoe option taking the offer size to Rs 11,500 cr."</p>
<blockquote><p dir="ltr" lang="en" xml:lang="en">CPSE ETF FFO 5 oversubscribed by more than 5 times. Against Base Issue size of Rs.8,000 Cr, a subscription amount of more than Rs.40,000 crores was received till 5.00 pm today. Govt exercises green shoe option taking the offer size to Rs 11,500 cr. <a href="https://t.co/KTeqr9ZO8O">pic.twitter.com/KTeqr9ZO8O</a></p>
<p>— Secretary, DIPAM (@SecyDIPAM) <a href="https://twitter.com/SecyDIPAM/status/1152232556961468417?ref_src=twsrc%5Etfw">July 19, 2019</a></p></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>Finance Minister Nirmala Sitharaman in Union budget 2019-20 had announced that the government will bring CPSE ETF on the lines of ELSS. Since its announcement, people were waiting for the bids and their interst can guessed through their enthusiastic reponse. </p>
<p>Notably, investments in ELSS are exempt under Section 80C, which provides income tax exemption up to Rs 1.5 lakh. The central goverment releases CPSE ETF for disinvestment purposes, and it was brought in 2014 for the first time to divest government stakes in CPSEs like NTPC, Coal India, IOC, ONGC, REC CPSEs. Since their launch, the CPSE ETFs have reportedly given returns of 7.94%, and in the last three years they extended returns at 6.81%. </p>
<blockquote data-lang="en"><p dir="ltr" lang="hi" xml:lang="hi"><a href="https://twitter.com/hashtag/LIVE?src=hash&amp;ref_src=twsrc%5Etfw">#LIVE</a> | क्या होता है CPSE ETF, कैसे करें इसमें निवेश? जानें <a href="https://twitter.com/hashtag/MoneyGuru?src=hash&amp;ref_src=twsrc%5Etfw">#MoneyGuru</a> में <a href="https://twitter.com/pallavi_nagpal?ref_src=twsrc%5Etfw">@pallavi_nagpal</a> के साथ। <a href="https://t.co/6RV3x6xHSZ">https://t.co/6RV3x6xHSZ</a></p>
<p>— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1148939471494107137?ref_src=twsrc%5Etfw">July 10, 2019</a></p></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>ELSS also consists of multi-cap funds, having tilt towards large cap, while CPSE ETFs are Public Sector theme funds with more investment in the energy sector. As said the CPSE ETF investment is mostly done in the energy sector, it is profitable for those who are comfortable in equity and energy sector, and are ready to wait for three years lock-in period. <br />
 </p>


Institutional and retail investors have shown interest in the government's bid to launch CPSE exchange-traded fund (ETF) on the lines of ELSS as they grabbed sixth tranche of CPSE ETF putting in their bids over Rs 40,000 crore against the base issue size of Rs 8,000 crore. Enthused over the reponse, the Department of Investment and Public Asset Management (DIPAM) on Friday stated that CPSE ETF FFO was oversubscribed by more than 5 times. Through a tweet, Secretary, DIPAM, said, "CPSE ETF FFO 5 oversubscribed by more than 5 times. Against Base Issue size of Rs.8,000 Cr, a subscription amount of more than Rs.40,000 crores was received till 5.00 pm today. Govt exercises green shoe option taking the offer size to Rs 11,500 cr."CPSE ETF FFO 5 oversubscribed by more than 5 times. Against Base Issue size of Rs.8,000 Cr, a subscription amount of more than Rs.40,000 crores was received till 5.00 pm today. Govt exercises green shoe option taking the offer size to Rs 11,500 cr. pic.twitter.com/KTeqr9ZO8O— Secretary, DIPAM (@SecyDIPAM) July 19, 2019Finance Minister Nirmala Sitharaman in Union budget 2019-20 had announced that the government will bring CPSE ETF on the lines of ELSS. Since its announcement, people were waiting for the bids and their interst can guessed through their enthusiastic reponse. Notably, investments in ELSS are exempt under Section 80C, which provides income tax exemption up to Rs 1.5 lakh. The central goverment releases CPSE ETF for disinvestment purposes, and it was brought in 2014 for the first time to divest government stakes in CPSEs like NTPC, Coal India, IOC, ONGC, REC CPSEs. Since their launch, the CPSE ETFs have reportedly given returns of 7.94%, and in the last three years they extended returns at 6.81%. #LIVE | क्या होता है CPSE ETF, कैसे करें इसमें निवेश? जानें #MoneyGuru में @pallavi_nagpal के साथ। https://t.co/6RV3x6xHSZ— Zee Business (@ZeeBusiness) July 10, 2019ELSS also consists of multi-cap funds, having tilt towards large cap, while CPSE ETFs are Public Sector theme funds with more investment in the energy sector. As said the CPSE ETF investment is mostly done in the energy sector, it is profitable for those who are comfortable in equity and energy sector, and are ready to wait for three years lock-in period.  

Finance Minister Nirmala Sitharaman in Union budget 2019-20 had announced that the government will bring CPSE ETF on the lines of ELSS. 

CPSE ETF gets overwhelming response, oversubscribed five times with bids worth Rs 40,000 crore 

news-cpse-etf-gets-overwhelming-response-oversubscribed-five-times-with-bids-worth-rs-40000-crore-106183

Institutional and retail investors have shown interest in the governments bid to launch CPSE exchange-traded fund (ETF) on the lines of ELSS as they grabbed sixth tranche of CPSE ETF putting in their bids over Rs 40,000 crore against the base issue size of Rs 8,000 crore. Enthused over the reponse, the Department of Investment and Public Asset Management (DIPAM) on Friday stated that CPSE ETF FFO was oversubscribed by more than 5 times.  Through a tweet, Secretary, DIPAM, said, CPSE ETF FFO 5 oversubscribed by more than 5 times. Against Base Issue size of Rs.8,000 Cr, a subscription amount of more than Rs.40,000 crores was received till 5.00 pm today. Govt exercises green shoe option taking the offer size to Rs 11,500 cr. CPSE ETF FFO 5 oversubscribed by more than 5 times. Against Base Issue size of Rs.8,000 Cr, a subscription amount of more than Rs.40,000 crores was received till 5.00 pm today. Govt exercises green shoe option taking the offer size to Rs 11,500 cr. pic.twitter.com/KTeqr9ZO8O — Secretary, DIPAM (@SecyDIPAM) July 19, 2019 Finance Minister Nirmala Sitharaman in Union budget 2019-20 had announced that the government will bring CPSE ETF on the lines of ELSS. Since its announcement, people were waiting for the bids and their interst can guessed through their enthusiastic reponse.  Notably, investments in ELSS are exempt under Section 80C, which provides income tax exemption up to Rs 1.5 lakh. The central goverment releases CPSE ETF for disinvestment purposes, and it was brought in 2014 for the first time to divest government stakes in CPSEs like NTPC, Coal India, IOC, ONGC, REC CPSEs. Since their launch, the CPSE ETFs have reportedly given returns of 7.94%, and in the last three years they extended returns at 6.81%.  #LIVE | क्या होता है CPSE ETF, कैसे करें इसमें निवेश? जानें #MoneyGuru में @pallavi_nagpal के साथ। https://t.co/6RV3x6xHSZ — Zee Business (@ZeeBusiness) July 10, 2019 ELSS also consists of multi-cap funds, having tilt towards large cap, while CPSE ETFs are Public Sector theme funds with more investment in the energy sector. As said the CPSE ETF investment is mostly done in the energy sector, it is profitable for those who are comfortable in equity and energy sector, and are ready to wait for three years lock-in period.   