I have been coming across something called CPSE ETF. What is it?

Yes, CPSE ETF has been in the news recently for the fourth tranche of its subscription opens this week.

Subscriptions will begin this week on Bombay Stock Exchange’s internet-based book building system (iBBS) platform.

According to a circular by the BSE, subscription will start from Wednesday, November 28, till Friday, November 30.

CPSE ETFs or Central Public Sector Enterprises (CPSE) exchange-traded funds (ETFs) are open-ended funds that have no lock-in period. These are passive investment funds that invest in stocks of public-sector units (PSUs) that have an established track record and dividend history.