What is CPSE ETF- It is an Exchange Traded Fund (ETF) created by the shares of Central Public Sector Enterprises (CPSE). It has been listed on stock exchanges, where its units can be bought and sold.
Investment can do such-
>> There should be a demat account for investment in CPSE ETF. There is a retail investment limit of Rs 5,000.>>For this investment, make payments through check, debit card, online banking and can invest only through the BSE / NSE broker.
>> To invest in this ETF, CPSE ETF will have to make checks in the name of FFO.
>> Demat proof and check must be done with the form.>> It is also important to have updated KYC and shake declaration.
>> The application form for investment will be required to download the form from reliancemutual.com.
>> For investing in CPSE ETF, submit your form to the Office of Reliance Mutual Fund, in the office of Karvy, near AMFI Registered BSE / NSE member or AMFI with Registered Financial Advisors.
>> For online investment in CPSE ETF, fill out the form at www.reliancemutual.com. If you are already invested in any scheme of Reliance MF, then you can switch from existing scheme to CPSE ETF.
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>> Apart from this, you can use NSE Mutual Fund Service System (MFSS), through a NSE broker on NSE e-IPO platform, through BSE Stall MF-BSE Broker, on the BSE E-IPO platform-through the BSE Broker or the AMFI platform But through the MF utility, CPSE can invest online in ETFs.
Sandeep Sikka, ED & CEO of Reliance Nippon AMC, about CPSE ETF Said that this will boost the disinvestment. CPSE ETFs include Coal India, IOC, NTPC, REC, PFC, Bharat Electronics, Oil India, NLC India and SJVN. On the other hand, the number of stocks in the CPSE index has increased from the present 10 to 11, with the exit of three companies including GAIL, Container Corp and Engineers India. Three companies have been drawn from the index so that the government's disinvestment program's target has been completed.
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