Markets

Anchor book of CPSE ETF subscribed 5 times

Mumbai | Updated on March 19, 2019 Published on March 19, 2019

The anchor book of the fourth follow-on Central Public Sector Enterprises Exchange-Traded Fund (CPSE ETF), managed by Reliance MF was subscribed by 5.78 times against the anchor base issue size of ₹1,050 crore.

Reliance MF on Tuesday received applications worth ₹6,072 crore with participation from various foreign and domestic institutional investors, including FPIs, AIFs and mutual funds.

The non-anchor book for retail and other investors opens on Wednesday. The current CPSE ETF offer would be the second follow-on issue in the current fiscal after a record ₹17,000 crore raised last November. As on February 28, the dividend yield of the index was high at 5.52 per cent, compared with 1.25 per cent for the Nifty 50.

Published on March 19, 2019
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