As Reliance Mutual Fund given in a statement is that proposes to raise up to Rs 4,500 crore in the FFO of CPSE ETF with a greenshoe option of Rs. 1,500 crore. It will open on January 17 and close on January 20. Investor of all categories can invest in this size of FFO which including , retail investors, retirement funds, QIBs, non-institutional investors and foreign portfolio investors or FPIs.
CPSE ETF are connecting schemes which cluding 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.
The expense ratio of CPSE ETF is around 6.5 bps and we can say that its very lower than the other non-ETF. Let’s hope about the Reliance MF 2nd tranche of CPSE ETF and expected impressive returns in the long term.
CPSE
ETF
FFO
Dates
&
Issue
Size:
Opens
on
17
January
2017
Closes
on
:
20th
January
2017
Issue
size:
It
will
be
Rs
4,500
crores,
with
the
option
of
raising
another
Rs1,500
crores.
Reliance MP – CPSE ETF FFO Investment Plan:
Individual
Investors
Minimum:
Invest
of
Rs
5,000
in
the
CPSE
ETF
Maximum:
Invest
of
Rs
10
lakh
Non-institutional
Investors
Minimum:
Invest
of
Rs
10
lakh
CPSE
ETF
Expense
Ratio
Lower
expense
ratio
of
6.5
bps
Higer
expense
up
to
200
bps
