Union Budget 2017: The idea of PSU ETFs is very bold and fantastic: Nilesh Shah, Envision Capital
This time, the government is more convincing about attaining the divestment numbers though it is higher at 72,500 crore.
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In a chat with ET Now, Nilesh Shah, MD & CEO, Envision Capital, says the whole model of taking out public sector undertakings and getting them listed is very good.
Edited excerpts:
A big positive for the markets will perhaps be the divestment target, Rs 72,500 crore. It is always a higher target. They never really match up to this but is that a number that has impressed you at all? They have not been able to meet its previous year’s target?
No but I think this time they look to be more convincing, that number.
What convinces you about that?
Because I think the whole model which they have adopting of taking out some more public sector undertakings and getting them listed, doing IPOs of railway PSUs, I think is fantastic. It is a bold idea to take forward the ETF experiment. CPSE ETFs again is a fantastic things. They have clear cut ways of trying to achieve that divestment target and therefore this time it looks more reassuring and more convincing.
Edited excerpts:
A big positive for the markets will perhaps be the divestment target, Rs 72,500 crore. It is always a higher target. They never really match up to this but is that a number that has impressed you at all? They have not been able to meet its previous year’s target?
No but I think this time they look to be more convincing, that number.
What convinces you about that?
Because I think the whole model which they have adopting of taking out some more public sector undertakings and getting them listed, doing IPOs of railway PSUs, I think is fantastic. It is a bold idea to take forward the ETF experiment. CPSE ETFs again is a fantastic things. They have clear cut ways of trying to achieve that divestment target and therefore this time it looks more reassuring and more convincing.
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