The government is ready to launch the new ETF (the first being launched in March 2014) which is based on the CPSE Index.

Managed by Reliance Mutual fund (an arm of Reliance capital), it will launch the further fund offer (FFO) on 17th January.

The FFO (part of the government’s overall disinvestment program ) will remain open until 20th January and it will be open for all category of investors which includes retail investors, anchor investors, QIBs, retirement funds, non-institutional investors and foreign portfolio, investors.

However, the FFO will remain open on 17th January only for anchor investors and for another category of investors from January 18-20.

To read more visit : https://www.elearnmarkets.com/blog/will-you-invest-in-the-new-cpse-etf/