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Explained: How concentrated index makes CPSE ETF risky for investors

Among the positives of the offer, the Nifty CPSE Index's valuations are more reasonable than that of front line indices

income, tax, money, collection
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Sanjay Kumar Singh New Delhi
In case of fixed-income products like Public Provident Fund, Senior Citizens Savings Scheme, and so on, a sovereign guarantee provides assurance to risk-averse investors. In the equity markets, however, government ownership is no guarantee of wealth creation for investors.    

The sixth further fund offer (FFO) of the Central Public Sector Enterprise Exchange Traded Fund (CPSE ETF) opens to non-anchor investors on Friday (it will last just for a day). It is being offered at a 3 per cent discount to the reference market price. This price will be determined, based on the average of full-day, volume-weighted average price of

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