More CPSE ETFs in the offing in FY18

Thus far there have been two tranches of ETFs from the government

With overwhelming response on the recent CPSE ETF which managed to garner Rs 6,000 as part of the government's disinvestment program, Indian government plans to launch more such ETFs in the upcoming financial year.

Finance Minister Arun Jaitley, while presenting the Union Budget on Wednesday, said, "Our ETF, comprising shares of ten CPSEs, has received overwhelming response in the recent Further Fund Offering (FFO). We will continue to use ETF as a vehicle for further disinvestment of shares. Accordingly, a new ETF with diversified CPSE stocks and other Government holdings will be launched in 2017-18."

Thus far, there have been two tranches