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  • News From Press Govt plans to garner ₹10,000 cr from 7th tranche of CPSE ETF

    Govt plans to garner ₹10,000 cr from 7th tranche of CPSE ETF

    Central Public Sector Enterprises ETF runs a concentrated portfolio with a handful of stocks having weights of as high as 20% on the underlying index
    Mint Jan 24, 2020

    The government is planning to raise over ₹10,000 crore from CPSE ETF's seventh tranche that would be launched by the end of the current month, according to market sources.

    The issue is likely to open for anchor investors on 30 January and for other institutional and retail investors, the next day, they added.

    Central Public Sector Enterprises ETF runs a concentrated portfolio with a handful of stocks having weights of as high as 20 per cent on the underlying index. The portfolio is concentrated towards the energy and oil sector.

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