CPSE ETF FFO 4 Discount of 4% on the “FFO 4 Reference Market Price” to the underlying Nifty CPSE Index shares Constituents of the index are:
ONGC | NLC INDIA LTD | COAL INDIA LTD | RURAL ELECTRIFICATION CORPORATION LTD | IOC | POWER FINANCE CORPORATION LTD | NBCC (INDIA) LTD | BHARAT ELECTRONICS LTD | NTPC LTD | SJVN LTD
For Anchor Investors,offer opens & close on March 19,2019.
For Non Anchor Investors,offer opens on March 20,2019 & closes on March 22,2019.
Discount is on the FFO 4 References Market Price .** FFO 4 Reference Market Price is determined based on the average of full day volume weighted average price on the NSE during the Non Anchor Investor FFO 4 Period (inclusive of Non Anchor Investor FFO 4 Period open as well as close date) for each of the index constituents of the nifty CPSE Index.
Post closure of the FFO 4,the scheme will purchase the underlying Index constituents from GOI.Discount will be on shares to be offered by the GOI. in the event an index constituent is purchased fully or partially from open market to meet the Maximum Amount to be Raised during FFO 4,no discount will be offered on such purchase index constituent from open market.
CPSE ETF Managed by Reliance Nippon Life Asset Management Limited
(An Open-ended index Exchange Traded Scheme)
This Product is suitable for investors who are seeking :
Long term capital appreciation
Investment in securities covered by the Nifty CPSE Index.
Investor should consult their financial advisors if in doubt about weather the product is suitable for them.