CPSE ETF debuts; surges over 10%

Shares of the CPSE Exchange Traded Fund (ETF) rose by over 10 per cent on the first day of trade today.

The shares of Goldman Sachs Mutual Fund- CPSE ETF opened the day on a positive note and further gained 10.31 per cent to Rs 19.25, against its issue price of Rs 17.45 at the NSE.

The CPSE ETF opened at Rs 18 and touched a high of Rs 19.25 so far.

More than six crore shares of the company changed hands at the NSE during the morning trade.

The CPSE ETF basket consists of shares of 10 PSUs and provides an opportunity for investors to become shareholders of Oil & Natural Gas Corp, GAIL India, Coal India, Indian Oil, Oil India, Power Finance Corp, Rural Electrification Corp, Container Corp, Engineers India and Bharat Electronics.

An ETF is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Lawmakers must not dilute penalties for insurers on mis-selling

    The much delayed insurance laws (amendment) bill is back in the news and the positive statements of finance minister Arun Jaitley suggest that the gov

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

New model for effective education

After interacting with students and teaching community on a ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture