InvestorQ : How much has the government garnered via CPSE ETF?
Shreya Mashelkar made post

How much has the government garnered via CPSE ETF?

Sadaf Khan answered.
5 years ago
CPSE ETF, or Central Public Sector Enterprises (CPSE) exchange-traded funds (ETFs) are open-ended funds that have no lock-in period. This ETF was set up in 2014 and the government has offloaded stake in 10 companies in the basket in three tranches. The government raised:
- Rs 30 billion from the first tranche in March 2014
- Rs 60 billion in January 2017
- Rs 25 billion from the third in March 2017.
Thus, a total of Rs 115 billion has been garnered by the government.
Please note, the CPSE ETF now has 11 stocks unlike the 10 stocks previously. These stocks are:
- Coal India
- Indian Oil Corporation
- Oil & Natural Gas Corporation
- Rural Electrification Corporation
- SJVN Ltd
- NLC India Ltd
- NBCC Ltd
- Oil India
- Bharat Electronics
- Power Finance Corporation