Reliance Mutual Fund has filed draft offer documents with capital markets watchdog Sebi to garner funds for the government through a fresh tranche of the CPSE Exchange Traded Fund. CPSE ETF, which functions like a 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 fund-raising will help the government inch towards Rs 56,500-crore disinvestment target for the current fiscal. As per draft documents filed with the Securities and Exchange Board of India (Sebi), Reliance MF has applied for the second FFO (Further Fund offer) of the Central Public Sector Enterprises, Exchange Traded Fund or CPSE ETF. The government had raised Rs 6,000 crore through the first FFO of the CPSE ETF in January.
