CPSE ETF, which was earlier managed by Goldman Sachs, and now by Reliance Mutual Fund has just concluded its third tranche of sale of government stake in 10 PSUs namely Coal India, ONGC, GAIL (India), IOC, Oil India, PFC, Bharat Electronics, REC, Engineers India and Container Corporation of India.
In the past the government has successfully raised 3000 crore in 2014 & 6000 crore in January 2017 respectively. For this tranche the upfront discount was 3.5% and was offered to all categories of investors. The earlier two tranches were at a discount of 5% each. Let’s see the subscription pattern of the 3rd tranche of the CPSE ETF FFO.
There has been an allotment of 5400 units for the retail bidders for the 2,00,000 invested at INR 26.95 per unit. The balance will be credited back to the accounts of the bidders. The Units will be credited in your DEMAT A/c on Monday.
I order to check the allotment status please follow the steps given below:
- Visit the following webpage
- You will be faced with the following window. Here select the Reliance Mutual Fund in the highlighted area:
- Next step is to select the transaction Type. For this selected Purchase in the highlighted space below:
- Finally enter your PAN Number and click “submit”.