Fund to be launched in two series with greenshoe option on Thursday
In a Q&A, Radhika Gupta explains the finer points about investing in India's first debt ETF, which is likely to be launched next week
On the equity side, experts say investors may increasingly prefer ETFs over actively large-cap schemes
The budget target for disinvestment during 2019-20 has been set at Rs 1,05,000 crore and the government has so far raised Rs 17,364.26 crore
At present, while there are several options for investors looking to put their money in gold, those investing in the white metal can only buy physical silver
Assets under management (AUM) of India-dedicated funds have slid by about a fifth in the past year
The government plans to raise up to Rs 10,000 crore from this tranche of the CPSE ETF, which tracks shares of 11 Central Public Sector Enterprises (CPSEs).
The CPSE ETF FFO will be open for retail subscription on Friday. The Centre is looking to mobilise up to Rs 10,000 crore through the latest FFO
The government aims to raise a record Rs 1.05 trillion through disinvestment in 2019-20, up from Rs 85,000 crore raised last fiscal
The govt will also appoint an Asset Management Company (AMC) to act as the ETF provider and a legal advisor for the proposed ETF
Investors also added the most since September to the $1.5 billion WisdomTree India Earnings Fund, or EPI, in the period through Friday
The central public sector enterprises that are part of the ETF include ONGC, IOC, SBI, BPCL, Coal India and Nalco
Emerging market ETFs see inflows of $6.5 billion in the last one month
Unlike other recent ETFs such as the CPSE ETF or Bharat 22-ETF, proceeds from the debt ETF will not directly flow into the government's kitty
Shrinking asset base suggests only a few investors come for the long haul
Valued for their simplicity, exchange-traded funds pose worrying risks
ETFs are traded on stock exchanges, with stocks, bonds or commodities as the underlying product
ETFs are passive investing vehicles that track an index or basket of securities
As with the first ETF, the second one will also be a new fund offer
AUM of ETFs tracking Nifty indices accounts for 85 per cent of the total equity ETF AUM