News From Press Reliance Mutual Fund CPSE ETF subscribed 4 times on the first day. Should you invest?

Reliance Mutual Fund CPSE ETF subscribed 4 times on the first day. Should you invest?

Source: Business Today Jan 19, 2017

The government's Central Public Sector Enterprises based Exchanged Traded Fund (CPSE-ETF), a part of larger disinvestment program of Ministry of Finance, opened on Tuesday. Reliance mutual fund aimed to raise up to Rs 4500 crore through the CPSE ETF. The issue opened for anchor investors on Tuesday , who put in Rs 6000 crore against Rs 1,500 crore reserved for anchor investors. Nomura, Morgan Stanley, SBI, LIC, Axis Bank and Birla MF were some of anchor investors.

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