Nifty CPSE ETF Index in one year has given a negative return of 15.4% and the returns for five years has been 29.6%.Īfter the New Fund Offer (NFO) in 2014, the government decided to launch two more tranches in January and March 2017. ![]() “We would like to reach out to retirement funds to invest in FFO3 and consider this as a chance to secure their funds and benefit from the growth of these PSUs, some of which are Navratnas, Maharatnas, Miniratnas and are either sector leaders or near monopolies in their respective sectors”, added Sikka. The FFO3 is open for all categories, including anchor investors, retail investors, retirement funds, QIBs, non-institutional investors and foreign portfolio investors. “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 who are leaders in their respective sectors,” said Sundeep Sikka, ED and CEO, Reliance Nippon Life Asset Management.ĪLSO READ | Reliance MF launches CPSE ETF 4th tranche key things about Rs 8,000 crore disinvestment offer The fund invests in the Nifty CPSE Index stocks - that includes 11 PSU firms. 20% overseas fund investors see losses in SIPs over 3 years
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