CPSE ETF's second FFO oversubscribed by over 7.5 times

Reliance Mutual Fund CPSE ETF's second FFO anchor issue, which opened today, was oversubscribed by over 7.5 times. Anchor investors put in bids of Rs 5,700 crore, which is over 7.5 times the amount reserved for them. 

"While the numbers are awaited, we are delighted to see this unprecedented response and strong appetite for the CPSE ETF, especially by anchor investors. Retail investors and PFs have also shown keen interest and we hope to see good participation from them within the  next three days", said Sundeep Sikka, ED and CEO, RMF 

The CPSE ETF, which opened for subscription by anchor investors today, got an overwhelming response from both domestic and overseas anchor investors. 

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