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CPSE ETF News
CPSE ETF gets overwhelming response, oversubscribed five times with bids worth Rs 40,000 crore
Sat, Jul 20, 2019
Finance Minister Nirmala Sitharaman in Union budget 2019-20 had announced that the government will bring CPSE ETF on the lines of ELSS.
More ETFs this year, 14 CPSEs in different stages of stake sale: DIPAM secy
Fri, Jul 12, 2019
The 2019-20 Budget has proposed tax exemptions to exchange-traded funds (ETFs) for central public sector enterprises (CPSEs). These ETFs will get the status of equity-linked savings schemes (ELSS).
Your money: Investors alert! CPSE ETFs as ELSS coming soon; get tax breaks and more
Thu, Jul 11, 2019
The FM proposed to bring CPSE ETFs in Equity Linked Savings Scheme (ELSS) format. Investments in ELSS are exempt under Section 80C, which provides income tax exemption up to Rs 1.5 lakh
Budget 2019: PSB ETFs coming? After, Bharat 22, CPSE Exchange Traded Funds, a new disinvestment pattern can emerge
Wed, Jul 03, 2019
Disinvestment target has been on full swing by Indian government, with stake sales taking place in various state-owned companies either by IPOs, OFS, buybacks and others.
CPSE ETF receives bids worth Rs 6,072 cr from anchor investors
Tue, Mar 19, 2019
CPSE ETF anchor book has been subscribed 5.78 times against the anchor base issue size of Rs 1,050 crore, sources said. The ETF has received applications worth Rs 6,072 crore, they added.
CPSE Exchange Traded Fund new tranche aims to raise Rs 3,500 cr
Tue, Mar 19, 2019
Manager of the FFO, Reliance Mutual Fund said the fifth tranche would open for subscription on March 19, for anchor investors and non-anchor investors, including retail investors, who can put in their bids from March 20-22.
Government gets Rs 17,000 cr from CPSE ETF follow on offer
Sat, Dec 01, 2018
The government had hit the markets with the fourth tranche of CPSE ETF on November 27. Anchor investors had put in bids worth Rs 13,300 crore, which was 5.5 times the shares reserved for them, on the first day of the issue.
Govt to raise up to Rs 14k cr through 4th tranche of CPSE ETF; issue to open next week
Mon, Nov 19, 2018
The government will next week launch the fourth tranche of CPSE Exchange Traded Fund to garner up to Rs 14,000 crore, investment banking sources said.
CPSE ETF may include shares of 11 cos, rebalanced index to be ready by Oct
Mon, Oct 01, 2018
The CPSE ETF, which functions like a mutual fund scheme, comprises scrips of 10 bluechip PSUs -- ONGC, Coal India, IOC, Oil India, PFC, Bharat Electronics, REC, GAIL, EIL and Container Corporation of India.
Can Govt achieve its disinvestment target this year?
Mon, Aug 07, 2017
Government has set a disinvestment target of Rs 72,500 crore this financial year 2017-18.
Government may soon divest 10% stake in Coal India
Mon, Feb 13, 2017
If it sells the stake to trim its holding to 69%, it could raise up to Rs 20,000 crore, a report by the Economic Times said. "...a move that will help it earn about Rs 20,000 crore at today’s prices and reduce its stake to 69%," it noted.
Government's CPSE ETF receives bids of approximately Rs 12,000 crore
Fri, Jan 20, 2017
The further fund offer (FFO) of CPSE has received bids of approximately Rs 12,000 crore over two and half times the base issue size of Rs 4,500 crore.
CPSE ETF: Retail investors will be given first preference, says Sundeep Sikka
Thu, Jan 12, 2017
We have held many road shows in tier 1 and tier 2 cities across India and we have got good response for the same. What we feel is that if you are betting on India, the sectors covered by the companies in the CPSE ETF have to do well going forward. The initial response have been good and the we expect the same going forward also.