Quantcast
Other Stories

In India, it is generally the gold-based ETFs that are most common. The first half of this year had seen India's cabinet approving a first-of-its-kind ETF fund for PSUs from which the government plans to raise 5,000 c..

23 Jul 2013

NEW DELHI (Commodity Online): India's disinvestment department subsequent to consulting with Goldman Sachs AMC has appointed India Index Services & Products (IISL), a subsidiary of National Stock Exchange (NSE) for providing index for the proposed CPSE exchange-traded fund (ETF), a report from Financial Express said.

In India, it is generally the gold-based ETFs that are most common. The first half of this year had seen India's cabinet approving a first-of-its-kind ETF fund for PSUs from which the government plans to raise 5,000 crore through ETFs.

The total disinvestment target has been fixed at Rs.40,000 crore for current fiscal. The proposed index is expected to have 10-15 scrips of large market-cap companies.


YOUR RESPONSE
Click on the image to reload it
Click to reload image
COMMENTS (0)

@2013 COMMODITYONLINE ALL RIGHTS RESERVED