Friday, January 13, 2017

Reliance MF CPSE II ETF FFO Dates & Price Band

Reliance Mutual Fund now is ready to launches its 2nd tranche of CPSE Exchange Traded Fund in Indiam market. It is further fund offer (FFO) and connected with government’s overall disinvestment programme so that we can easily invest in it.

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

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