Wednesday, January 22, 2020

CPSE ETF FFO 6 Date, Price Band, Allotment, Discount Details

CPSE ETF Further Fund Offer (FFO 6) 7th tranche is going to hit the market on 31 January 2020. The anchor investors bidding is on 30 January 2020. The CPSE ETF 6 to raise around 8000-18000 crore from FFO. Minimum Investment starts from Rs.5000 and then after in multiples of Rs.1. CPSE ETF includes ONGC, Coal India, NTPC, Bharat Electronics, Oil India, NBCC, Cochin Shipyard, NHPC, NMDC, Power Grid, and NLC India.

The CPSE ETF 6 will include 4 new companies Cochin Shipyard, NHPC, NMDC, Power Grid while excluding PFC and IOC.

CPSE ETF Review:

  • Good for Short Term and Long Term

CPSE ETF Dates & Price Band: (Approx)

  • IPO Open: 31-January-2020
  • IPO Close: 31-January-2020
  • IPO Size: Approx ₹ 8000-18000 Crore (Approx)
  • Discount: 3% Discount (All Categories)
  • Category: Retail Individual Investors, Qualified Institutional Buyers or QIB, Non-Institutional Investors, Anchor Investors

CPSE ETF Market Lot:

  • Minimum Application: ₹ 5,000
  • Maximum Application: ₹ 2,00,000

CPSE ETF Allotment (FFO 6):

  • Allotment Date: February 2020
  • Allotment Status: Click Here
  • The online application of CPSE ETF allotment will be within 15 days of the closing date.
  • Allotment status is made available on the website.
  • Listing Date: February 2020 (Tentative)

Name of Mutual Fund:

  • Reliance Mutual Fund (RMF)

Name of Asset Management Company:

  • Reliance Nippon Life Asset Management Limited (RNAM)

Name of Trustee Company:

  • Reliance Capital Trustee Co. Limited (RCTC)

CPSE ETF Documents Required:

  • PAN Card Number
  • KYC Copy
  • Client Master

How to Apply Reliance CPSE ETF: Click Here