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In this way, you can invest at least ₹ 5 thousand from 12 government companies, – CPSE ETF 6th trance to be open from 31st january invest minimum 5k get discount of 3 percent | Business – News in Hindi – jj
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In this way, you can invest at least ₹ 5 thousand from 12 government companies, – CPSE ETF 6th trance to be open from 31st january invest minimum 5k get discount of 3 percent | Business – News in Hindi

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This is how to earn big money from 12 government companies, you have to invest at least ₹ 5 thousand

Earning opportunity from CPSE ETF

The seventh issue of Central Public Sector Enterprise Exchange Traded Fund (CPSE ETF) will be opened to retail investors. You can invest a minimum of 5 thousand rupees in it. In addition, they will also get a 3 percent discount.

  • News18
  • Last Updated:
    January 28, 2020, 6:46 PM IST
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Mumbai: The Fardar Fund Offer (FFO) under the Central Public Sector Enterprise Exchange Traded Fund (CPSE ETF) will be opened to retail investors on 31 January. An ETF is a type of mutual fund whose units are bought or sold on the Stock Exchange. It is bought or sold on behalf of the fund house through a trading account. This is the seventh trunk of the CPSE ETF since its launch in March 2014.

Includes 12 government companies

The CPSE ETF consists of 12 public sector companies, most of which are energy and power sector companies. Their compound annual growth rates in the past one, three and five years till January 23 have been -6.36 per cent, -6.35 per cent and -2.59 per cent respectively. Companies like ONGC, NTPC, Coal India, Indian Oil, REC, PFC, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN. These companies have a weightage of up to 20 percent in the index.

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3 percent discount

Every CPSE trunk comes with a discount, which is around 3-5 per cent for retail investors. Currently, investors will get a discount of 3 percent for this seventh tranche. This discount will be based on the reference price. Most institutional investors invest only to take advantage of this discount.Option of greenshu was also kept

This CPSE ETF is being managed by Nippon Life India Asset Management Company. For Anchor Investors, it will be opened on Thursday only. Just a day after this, on Friday, it will be opened for retail investors. The base price has been kept at Rs 10 thousand for 6 FFO or seventh tranche. If there is an over subscription, there is also an option of greenshu for this.

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Can invest a minimum of 5 thousand rupees

As a retail investor, you can invest up to 5 thousand rupees. At the same time, this limit is Rs 2 lakh for non-institutional investors and qualified founder buyers. The minimum investment limit for Anchor Investors is Rs 10 crore.

So far, the government has raised 50 thousand crores

Let us know that in view of the spectacular success of all the earlier trunks, this 7th trunk is being brought. In its first 6 tranches, the government has been successful in raising about Rs 50 thousand crore. 3 thousand crores in the first tranche introduced in March 2014, Rs 6 thousand crores in January 2017, Rs 2,500 crores in March 2017, 17 thousand crores in November 2018, Rs 10 thousand crores in March 2019 and a total of 11,500 in July 2019 Crores were raised.

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First published: January 28, 2020, 6:46 PM IST

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