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What is CPSE ETF? Can we invest at FOF discount? | Money Purse | Sai Krishna Pathri CFP

Original: CPSE ETF అంటే ఏంటి? FOF లో వచ్చే Discount కి Investment చేయవచా? Money Purse | Sai Krishna Pathri CFP

8.1K views · Jul 17, 2019 · 4:43 min · Watch on YouTube ↗
Takeaway

CPSE ETF discounts attract investors but actual long-term returns have been mediocre — invest only based on long-term return view, not just discount.

Summary

  • CPSE ETF tracks the Nifty CPSE index of central public sector enterprises like ONGC, IOC, BHEL, NTPC etc.
  • ETF launched March 2014 with first tranche; subsequent tranches in Jan 2017, March 2017, Nov 2018, March 2019 at the time of recording
  • Government uses CPSE ETF FFO (Follow-on Fund Offer) for disinvestment — offered with discount (recent ones ~5-6%) to attract retail investors
  • Government raised ~₹38,000 crore total; current AUM ~₹9,682 crore
  • Returns disappointing: 1-yr 0.91%, 2-yr -1.42%, 3-yr 6.2%, 5-yr 0.89%, since-inception avg 7.92%; ELSS-like tax exemption was given in some tranches; min 3-year lock-in for tax benefit
CPSE ETFdisinvestmentETF
Original description
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In this video we have clearly explained CPSE ETF details & its performance over a period of time...

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