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Our Bureau 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.
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