At present, the CPSE index has the highest dividend yield of around 6 per cent. It was followed by NSE Energy index (3.2 per cent), Metal (...

The index was trading 0.58 per cent up at 1499.7.

The index was trading 3.25 per cent up at 1494.9.

The Nifty CPSE Index trades at a PE of 8.76 compared to the Nifty50 PE of 28.

Investors across categories can avail a discount of 3% on the ‘FFO 6 Reference Market Price’ of the underlying shares of Nifty CPSE Index.

Total number of constituents forming part of the Nifty CPSE index will change from 10 to 12.

The Nifty CPSE index was trading 1.18 per cent down at 1890.15.

Valuations and high dividend yields work in favour of CPSE ETF, said Anil Rego.

The issue received an overwhelming response from 16 anchor investors.

In terms of valuations, the Nifty CPSE Index trades at a PE (priceto-earnings) ratio of 8.43 compared to the Nifty 50 PE of 26.32.

The asset management company first raised Rs 3,000 crore through the NFO in March 2014.

CPSE ETF, which functions like a mutual fund scheme, comprises scrips of 10 PSUs.

The further fund offer (FFO) will open for retail and other non anchor subscription on March 15, Wednesday, and conclude on March 17.

As per draft documents filed with Sebi, Reliance MF has applied for the second FFO (Further Fund Offer) of the CPSE ETF.

To find out if it's a good idea to invest in such funds, one should consider how the first CPSE ETF has been performing.

Reliance Mutual Fund had filed draft offer documents with capital markets watchdog Sebi for the follow on offer of CPSE ETF.

Everything which came down 90% is going to move up so that is a theory that will probably work for the next few days.