FinMin invites bids from advisors to launch financial sector ETF

After the resounding success of CPSE ETF and Bharat-22 ETF, the government is looking at diversifying the ETF basket by including stocks of public sector banks (PSBs), public sector insurance companies (PSCIs) and public sector financial institutions (PSFIs).

Jun 28, 2019, 10:50 AM IST

Over dozen CPSEs evince interest in raising funds via debt ETF next fiscal

To start with, the finance ministry will provide a platform for only 'AAA' and 'AA' rated Central Public Sector Enterprises (CPSEs) to raise funds by way of bond issuance using the debt ETF route.

Jan 01, 2019, 13:48 PM IST

Will EPFO retain 8.65% interest on provident fund for 2017-18? Decision likely today

The EPFO had announced this rate on deposits for 2016-17, a tad lower than 8.8 percent in 2015- 16.

Feb 21, 2018, 10:25 AM IST

EPFO may retain 8.65% interest rate for FY18: Sources

The EPFO had announced 8.65% rate of interest on deposits for FY17, a tad lower than 8.8% in FY16.

Feb 12, 2018, 18:42 PM IST

Bharat-22 ETF launched; government eyes Rs 8,000 crore

The shares of the state-run companies represent 6 core sectors of the economy - finance, industry, energy, utilities, fast moving consumer goods (FMCG) and basic materials.

Nov 14, 2017, 19:55 PM IST

Bharat 22 ETF to open on Nov 14; to raise Rs 8,000-crore

The new fund offer (NFO) will open for anchor investors on November 14, while subscription for retail investors would begin from November 15 and continue till November 17, ICICI Prudential MF said in a statement.

Oct 28, 2017, 15:24 PM IST

Launch date of Bharat-22 ETF finalised

The Bharat 22 ETF comprising 22 companies, or investments, from among central public sector enterprises (CPSEs) and public sector banks (PSBs). is likely to be launched next month, the sources added without giving more details. 

Oct 23, 2017, 23:26 PM IST

India-focused offshore funds, ETF invest $140-million in August

The offshore India fund -- not domiciled in India -- receives flow from overseas investors and in turn, invests the money in the Indian markets.

Sep 24, 2017, 11:17 AM IST

EPFO to trim investments in AAA bonds; may pump Rs 3,000 crore into AA+ rated corp bonds: Labour Minister

The Employees Provident Fund Organisation or EPFO at a recent meeting decided to cut the current investment of Rs 15,000 crore in AAA-rated bonds by Rs 3000 crore and invest that amount in AA+bonds.

Aug 28, 2017, 16:21 PM IST

EPFO mulls crediting ETF units to PF accounts

The Employees' Provident Fund Organisation's (EPFO) has sought views from the Comptroller and Auditor General (CAG) in this regard.

Aug 27, 2017, 18:02 PM IST

Asia Index launches S&P BSE Bharat 22 index

Asia Index Private Ltd on Tuesday announced the launch of S&P BSE Bharat 22 Index to track the performance of select state-run companies in which the central government has divested its stake.

Aug 22, 2017, 15:08 PM IST

Government announces new PSU ETF called Bharat-22 with diversified portfolio

Compared to energy heavy CPSE ETF, Bharat 22 is a well diversified portfolio with 6 sectors (basic materials, energy, finance, FMCG,  industrials & utilities).

Aug 04, 2017, 15:33 PM IST

EPFO Pune meet on May 27, agenda to up equity exposure to 15%

Retirement savings manager EPFO will take up the matter of stepping up its investment in the stock market to up to 15 percent at its next meeting in Pune on Saturday.

May 26, 2017, 20:47 PM IST

Sustainability Index from S&P BSE may be launched by FY18

Though the two environmental sustainability indices remained stuck for over six years, a new sustainability index in India is likely to be introduced by S&P BSE Indices by this year aimed at capturing holistic sustainability parameters.

May 26, 2017, 16:51 PM IST

EPFO meet to discuss hike in ETF investment to 15%: Bandaru Dattatreya

Labour Minister Bandaru Dattatreya on Monday said the board of retirement fund body EPFO will deliberate on raising investment limit in exchange traded funds (ETFs) to 15 per cent at its meeting later this month.

May 15, 2017, 23:43 PM IST

India sees highest listed foreign funds inflows at $1.7 billion

Listed foreign funds pumped in $1.7 billion into India during March -- the highest flows among the emerging countries, says a report.

Apr 28, 2017, 17:00 PM IST

EPFO defers decision on hike in ETF investments

The board of retirement fund body EPFO on Wednesday deferred the proposal to raise investment in stock market to 15 per cent of its investible deposits from current 10 percent.

Apr 12, 2017, 23:55 PM IST

Investors exit gold ETFs, withdraw Rs 775 crore in FY17

Investors remained bearish on gold exchange-traded funds (ETFs) as they pulled out Rs 775 crore from the instrument in the last fiscal, making it the fourth consecutive financial year of outflow.

Apr 10, 2017, 14:10 PM IST

CPSE ETF oversubscribed 3.7 times, gets bids worth Rs 9,700 crore

The third tranche of the government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 9,200 crore from investors, which is 3.7 times the amount sought to be raised.


Mar 17, 2017, 21:26 PM IST

Reliance MF's CPSE ETF to open on Mar 14; to raise Rs 2,500-cr

The government will next week launch the third tranche of CPSE Exchange Traded Fund, managed by Reliance Mutual Fund, to garner about Rs 2,500 crore.


Mar 08, 2017, 19:53 PM IST