CPSE ETF FFO 5

CPSE ETF is an open ended index exchange traded scheme designed disinvest of Government of India's stack in 11 PSU Companies. CPSE ETF is managed by Reliance Nippon Life Asset Management Ltd through Reliance Mutual Fund business unit. Company has so far brought 5 tranches of CPSE ETF with maiden fund offer (NFO) in March 2014 and thereafter 4 successive Following Fund Offers (FFOs) in January 2017, March 2017, Nov 2018 and March 2019, is now coming out with CPSE ETF FFO5. CPSE ETF is a passive investment fund that was created to help the government in its disinvestment program of divesting stake in select Central Public Sector Enterprises (CPSE) through Exchange Traded Funds (ETF). The fund invests in the Nifty CPSE Index stocks - that includes eleven PSU companies (Maharatnas, Navratnas, Miniratnas, Sector Leaders) selected on the basis of established track record, government holding, market capitalization, dividend history, sector representation, etc. - in the same proportion and weightage as of the index. The investment objective of the Scheme is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty CPSE Index, by investing in the Securities which are constituents of the Nifty CPSE Index in the same proportion as in the Index. However the performance of the Scheme may differ from that of underlying index due to tracking error. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. CPSE ETF NFO, FFO, FFO 2, FFO3 and FFO4 received overwhelming response as its collection was Rs 4363 Cr, Rs 13,705 Cr, Rs 10,083 Cr, Rs 31,203 Cr and Rs 30,464 Cr respectively, out of which Rs 1,363 Cr, Rs 7705, Rs 7583, Rs 14,203 Cr and Rs 20,464 Cr respectively was refunded to investors due to the limited issue size of Rs 3000 Cr, Rs 6000 Cr, Rs 2500 Cr, Rs 17,000 Cr and Rs 10,000 Cr respectively. This time for CPSE ETF FFO5 the base limit is Rs 8000 cr. and depending on subscription there may be additional amount. All these ETFs are listed on BSE and NSE.

• 1 L&T Finance Holdings Limited