Govt raises Rs 17,000 crore from CPSE ETF of Reliance MF

INSUBCONTINENT EXCLUSIVE:
MUMBAI: The third further fund offer (FFO) of the CPSE ETF by Reliance Mutual Fund was subscribed 3.5 times getting subscriptions
worth Rs 27,300 crore till 5 pm on Friday
This makes it the largest ever FFO by the government through the ETF route
The fund house has received 1.25 lakh application so far
equity fund offering through ETF in India
officer, Reliance MF. The ETF offered a 4.5% to all categories of investors