CPSE ETF Further Fund Offer 3 An open-ended index scheme, listed on the Exchanges in the form of an Exchange Traded Fund (ETF) tracking the Nifty CPSE Index. The CPSE ETF Further Fund Offer 3 (FFO 3) has been started from (27- 30 Nov 2018) for Non-Anchor Investors & (only on 27 Nov 2018) for Anchor Investors.
|Name of the scheme||CPSE ETF Further Fund Offer (FFO) 3|
|Type of the Scheme||An open-ended index scheme, listed on the Exchanges in the form of an Exchange Traded Fund (ETF) tracking the Nifty CPSE Index.|
|Investment Objective of the Scheme||To provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty CPSE Index, by investing in the Securities which are constituents of the Nifty CPSE Index in the same proportion as in the Index.|
|Issue Open on||For Anchor Investors: November 27, 2018
For Non-Anchor Investors: November 28, 2018
|Issue Close on*||For Anchor Investors: November 27, 2018
For Non-Anchor Investors: November 30, 2018
|Entry & Exit Load||Nil|
|Minimum Target Amount||seeks to collect a minimum target amount of Rs. 100 Crore during the FFO 3 Period.|
|Maximum Issue Size||Initial Amount Rs.8,000 Crore plus Additional Amount (if any).|
|Face value||The FFO 3 Units being offered will have a face value of Rs.10/- each and will be issued at a premium equivalent to the difference between FFO 3 Allotment Price and the face value of Rs.10/- each. The FFO 3 Allotment Price would be approximately equal to 1/100th of Nifty CPSE Index and would be calculated post considering discount (if any) offered by GOI pursuant to FFO 3 of the Scheme for buying underlying Nifty CPSE Index shares out of the FFO 3 Proceeds.|
|Benchmark Index||Nifty CPSE Index|
|Further Fund Offer (“FFO”) Price||The FFO 3 Units of the Scheme being offered will have a face value of Rs.10/- each and will be issued at a premium, if any, approximately equal to the difference between the face value and the FFO 3 Allotment Price. The FFO 3 Allotment Price would be approximately equal to 1/100th of Nifty CPSE Index and would be calculated post adjusting discount offered by GOI to FFO 3 of the Scheme for buying the underlying Nifty CPSE Index shares out of the FFO 3 Proceeds.|
|Discount Offered by GOI to FFO Scheme**||A discount of 4.5% on the “FFO 3 Reference Market Price” of the underlying Nifty CPSE Index shares shall be offered to FFO 3 of the Scheme by GOI.|
|Issuance & Trading of Units||available only in the dematerialized form.|
|Registrar||Karvy Computershare Pvt. Ltd.|
Proposed on BSE & NSE
* The Trustee reserves the right to extend the closing date of Non Anchor Investor FFO 3 Period, subject to the condition that the Non- Anchor Investor Further Fund Offer 3 shall not be kept open for more than 15 days. The Trustee reserves the right to close the Non Anchor Investor FFO 3 Period earlier by giving at least one day’s prior notice in one daily newspaper.
** Please note that this discount offered by GOI will only be applicable to the investors investing in the Scheme through the FFO 3. Investors should note that the above mentioned discount on the ‘FFO 3 Reference Market Price’ may not be a discount to the closing market price of the underlying shares of Nifty CPSE Index on the FFO 3 Allotment Date.
*** (FFO 3 Units offered pursuant to the FFO 3, listed on NSE and BSE on or before December 14, 2018. However Units of the existing CPSE ETF Scheme were listed on 04th April 2014 on NSE & BSE.)
CPSE ETF Further Fund Offer 3 Highlights
👉 Another tranche in the form of FFO structure – similar to earlier FFO structure.
👉 A discount of 4.5% on the “FFO 3 Reference Market Price” of the underlying Nifty CPSE Index shares.
👉 Special category created for Retirement Funds for preferential allocation to Retirement Funds along with Retail Investors.
👉 Proposed Category-wise Allocation:
- 30% to Anchor Investors and balance 70% to Retail Individual Investors and QIB (Retirement Funds) (Includes Anchor Investor under subscribed portion).
- Residual portion (if any) from Retail Individual Investors and QIB (Retirement Funds) to be allocated to QIB (Other than Retirement Funds) /NIIs
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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